FARMINGTON, Conn., Dec. 8 /PRNewswire/ -- Otis Elevator Company's subsidiary Sigma Elevator Singapore was awarded two contracts from the Singapore Housing and Development Board (HDB) to supply and install 1,300 elevators in public housing estates. These contracts were awarded as part of HDB's Lift Upgrading Program to replace existing elevators and improve accessibility at each building floor. Otis is a unit of United Technologies Corporation (NYSE: UTX).

"We are delighted to provide a wide array of building solutions -- from innovative machine-roomless elevators to high-speed systems -- to ensure safe and efficient transportation for thousands of public housing estate residents in Singapore," said Otis President Didier Michaud-Daniel.

Singapore HDB, a government public housing authority under the Ministry of National Development, provides residential housing to more than 80 percent of the country's population. With 654 elevators awarded in 2005, Sigma Elevator is supplying a total 1,954 elevators for HDB Upgrading Program.

"In densely populated cities like Singapore, elevators are a critical part of ensuring efficient transportation in high-rise apartments and optimal accessibility for all residents," said Brad Buckwalter, president, Otis Elevator Korea. "We are honored our subsidiary Sigma Elevator in Singapore has been selected to provide the elevators and maintenance services to meet these needs."

In addition to supplying and installing the 1,300 units, both contracts also include maintenance contracts for the new units. To date, Sigma Elevator Singapore has earned maintenance contracts for all the elevators it has installed for HDB projects. The company currently provides maintenance service for more than 2,300 elevators.

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 61,000 people, offers products and services in more than 200 countries and territories and maintains 1.6 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.

  Contact:
  Dilip Rangnekar
  Director, Worldwide Communications & Marketing Support
  860-676-5992
  Dilip.Rangnekar@Otis.com

SOURCE Otis Elevator Company

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