Otis Awarded Prestigious Hong Kong Green Building Award

Otis' Gen2® Elevator System Recognized for Contributions to Energy-Efficiency and Environmental Sustainability at Green Building Awards 2012

FARMINGTON, Conn., Aug. 21, 2012 /PRNewswire-Asia/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), today announced that its Hong Kong affiliate has been awarded the prestigious Merit Award by the Hong Kong Green Building Council and Professional Green Building Council for the energy-efficient Gen2^® elevator system. This recognition from the Hong Kong Green Building Awards 2012 underscores Otis' demonstrated success in environmental protection and sustainable development initiatives.

"We are honored to be the first elevator company to earn this distinction from the Hong Kong Green Building Council," said Patrick Blethon, president of Otis Pacific Asia Area. "We remain fully committed to providing safe, innovative and sustainable products and services to the citizens of Hong Kong and our customers worldwide."

According to the panel of Hong Kong Green Building Awards 2012 judges, Otis' Gen2^® elevator system clearly demonstrated advantages in energy saving and waste elimination. They said: "Apart from many green features, such as recycling regenerative power, the lift system further differentiates itself with the unique design of coated steel belts. The solution also incorporated green features into the entire product life cycle, ranging from product design, manufacturing and installation to maintenance." All 84 nominations for the Green Building Awards 2012 underwent a rigorous three-month judging process, including a thorough review by industry experts.

"For 124 years, Otis has been an integral part of the Hong Kong skyline," said Ryan Mai, area director, Otis Hong Kong, Macau and Taiwan. "This award serves as a strong testament to our determination to provide the most innovative and energy-efficient products that help to fulfill our customers' needs."

Otis' award-winning line of Gen2^® elevator systems featuring ReGen™ drives reduce energy consumption by up to 75 percent compared to conventional systems with non-regenerative drives. In addition, Otis' ReGen™ drives capture the energy normally wasted during elevator braking and normal elevator operation and feed it back into the building's electrical grid for use by other systems.

This recognition reinforces Otis' position as an industry leader in environmental sustainability while building on the success of the company's The Way to Green™ initiative, a major global environmental program which spans every aspect of its operations, from design and manufacturing to products and end-of-life recycling.

About Otis Elevator Company

Otis Elevator Company is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 60,000 people globally, offers products and services in more than 200 countries and territories and maintains over 1.8 million elevators and escalators worldwide. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.