2014

KONE elevators and escalators Selected for Marine Gateway project in Vancouver

LISLE, Ill., Oct. 2, 2012 /PRNewswire/ -- KONE has won an order from Ledcor Construction and PCI Development to supply 33 elevators and escalators for the Marine Gateway mixed-use development in Vancouver, Canada. KONE's eco-efficient solutions were chosen for their ability to increase efficiency and passenger comfort while reducing ride times at the buildings. The elevator and escalators will play an important role in optimizing People Flow® at the 76,000-square meter complex, designed for LEED Gold certification and expected by many to become a town center.

The order includes 11 KONE EcoSpace™ machine-room-less elevators, five hydroelectric freight elevators, 12 KONE MonoSpace® units, and five escalators that will contribute to the development's sustainability goals. Each EcoSpace and MonoSpace machine-room-less elevator will be equipped with a regenerative drive solution that recovers up to 35 percent of the elevator's energy consumption and converts the excess energy into electricity for use elsewhere in the building. In addition, KONE's Polaris™ destination control system will use artificial intelligence to optimize each building's elevator traffic patterns and reduce overall riding times for passengers.

The mixed-use development, recognized for its innovation in sustainability and urban planning, will consist of 461 residential condominiums, a supermarket, restaurants, and a movie theater. Its location, adjacent to both the Marine Drive Canada Line station and the South Vancouver Bus Loop, is designed to encourage the use of public transportation.

"KONE is extremely pleased to be part of such an innovative project," said Larry Wash, EVP and Area Director of KONE Americas. "Our eco-efficient solutions will not only contribute to the building's energy goals, but will also serve to enhance the overall People Flow experience for residents and visitors in an increasingly urbanized environment."

Kelly Leitch, President and CEO of KONE Canada adds, "We look forward to developing a strong, long-term partnership with Ledcor Construction and PCI Development."

Installation is expected to begin this year and to reach completion by 2014. The order was booked in the second quarter of 2012.

For further information, please contact:

Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

Kellie Lindquist, Marketing Manager, KONE Inc., tel. +1 630 955 4202

About KONE

KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow™ experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.us

SOURCE KONE Inc.



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