New Otis Gen2 CoreEnergy Efficient ElevatorsLaunched for the Mass and Affordable Housing Segments

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OTIS Elevator

MUMBAI –Otis Elevator Company (India) Limited today announced the launch of the Gen2 Core, an energy efficient elevator designed to meet the needs of the Indian mass and affordable housing segments. With a speed of 0.7 meter-per-second (MPS)and options of machine-room or machine-room less arrangements, this elevatoris ideal for low-rise residentialbuildings. Affordable homes make up almost 90 percent of the demand for homes in India.Otis, the world’s leading manufacturer and maintainer of people moving products including elevators and escalators, is a unit of United Technologies Corp (NYSE:UTX).

Gen2 Core

Speed of 0.7 MPS

Machine Room and Machine Room Less configuration

Auto-door

Best suited for low rise residential buildings (7-8 floors)

Passenger capacities of 5 & 6

MRL comes with automatic rescue device

Manufactured at the Otis Bengaluru factory

Built on Otis’ flagship Gen2 technology platform, this latest product offers an upgrade from traditional rope-geared systems to the permanent magnet (PM) gearless-belted technology. The Gen2 Core uses Otis’ patented, flexible polyurethane-coated steel belts, the ReGen™ regenerative drive, which captures energy that is normally wasted during braking and feeds it back into the building’s electric grid, Compact Gearless Machine and Pulse™monitoringsystem.

Made in India

In support of the “Make in India” initiative, the Gen2 Core will be manufactured exclusively at Otis’ expanded Bengaluru facility.

Sebi Joseph, president, Otis India said, “A majority of the Indian residential segment have buildings that are less than 6 to 7 stories high. The Gen2 Core offers this segmentan elevator that is environmentally responsible. As India continues to urbanize we need to look at sustainable solutions, and the Gen2 offers just that through its energy saving and space conservation features.”

Otis’ flagship products, the Gen2 range, are focused on efficiency whileproviding environmentally responsible features and benefits. Otis has sold more than 500,000 Gen2 elevators worldwide since its launch.

To learn more about Otis, visit www.otis.com or follow Otis on LinkedIn, YouTube and as @OtisElevatorCo on Twitter, Facebook and Instagram.