Xizi Otis to Support Verdure International with Energy-Efficient Elevators

HANGZHOU, China, June 8, 2015— Xizi Otis Elevator Co. Ltd. (Xizi Otis) and China real estate developer Verdure International have entered into an agreement to install energy-efficient elevators in high-end real estate projects in a number of cities in Jiangsu, Guangdong, Hainan and other provinces. Xizi Otis is a subsidiary of Otis Elevator (China) Investment Company Ltd., which is part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX).

The agreement covers a range of Xizi Otis products, including the Gen2® elevator system. The Gen2 system uses patented Otis technologies, including composite steel flat belts that replace traditional elevator cables to improve efficiency and ride comfort. The Gen2’s compact gearless machine requires minimal machine room space, allowing for rapid installation. An innovative ReGen™ regenerative drive captures energy created by the elevator, feeding the energy back into a building’s electrical grid. This makes the Gen2 up to 75 percent more energy efficient than conventional systems with non-regenerative drives.

"Verdure International is a prominent leader in the property segment,” said Alan Cheung, president, Xizi Otis. “Xizi Otis is honored to support Verdure International with advanced elevator technologies to create better living and working environments.”

About Xizi Otis
Xizi Otis Elevator Co., Ltd is a subsidiary of Otis Elevator (China) Investment Company Limited, which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX). Founded in 1997, Xizi Otis has two manufacturing facilities, in Hangzhou and Chongqing, as well as a testing lab accredited by the Certification and Accreditation Administration of the People’s Republic of China (CNAS) and an R&D center staffed by more than 120 engineers.

About Otis
Otis is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.8 million elevators and escalators worldwide. Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com.

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