KONE Celebrates Completion of Escalator and Elevator Modernization Project at Saratoga Race Course

The Order Includes Six Escalators and Five Elevators around the Facility

News provided by

Jul 22, 2016, 08:05 ET

SARATOGA SPRINGS, N.Y., July 22, 2016 /PRNewswire/ -- KONE, a global leader in the elevator and escalator industry, today announced the completion of its modernization and maintenance order at historic thoroughbred racing venue Saratoga Race Course in Saratoga Springs, NY. KONE will participate in the 2016 season opening with an official ribbon cutting ceremony at Saratoga Race Course on July 22 to celebrate the completion of the modernization project.

KONE's assessment and action plan included replacing two existing escalators with KONE TransitMaster™ 120, which led to winning the maintenance and repairs on four additional escalators and five elevators ahead of the 2016 meet. For this project, the decision to do a complete replacement was the best option for the escalators, which included taking out the entire structure and frame of the escalator and replacing with new materials.

"We are proud to bring our innovations to Saratoga Race Course," said Larry Wash, executive vice president of KONE Americas. "Enabling a great People Flow® experience means moving people smoothly, safely and comfortably in and around facilities. It also means providing customers with greater peace of mind that their facilities are running efficiently. We are happy to collaborate with the New York Racing Association."

The new escalators are durable and provide better eco-efficiency, specifically optimized for facilities with demanding traffic conditions.

Saratoga Race Course is home to 40 days of world-class thoroughbred racing and entertainment. Saratoga was named one of the "Top 10 Sports Venues of the 20^th Century" by Sports Illustrated. Racing has been conducted at historic Saratoga Race Course since 1863.

The 2016 meet begins on Friday, July 22 and continues through Labor Day, Monday, September 5. For more information about Saratoga Race Course, visit www.nyra.com.

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8,6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

For more information, see www.kone.us

Logo - http://photos.prnewswire.com/prnh/20141229/166372LOGO

SOURCE KONE