FARMINGTON, Conn., Dec. 4, 2012 /PRNewswire/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), has won a contract with W. E. O'Neil Construction to provide 24 Gen2® elevators and modernize 29 additional elevators at Los Angeles International Airport (LAX). The elevator modernization is among a series of capital improvement projects aimed at enhancing safety, security and service at one of the world's busiest origin and destination airports. The project is expected to be completed in early 2016.
"Otis is honored to once again be selected to provide our energy-efficient products and expertise at Los Angeles International Airport," said Randy Wilcox, president, Otis North and South America Area. "This project builds on the support we are providing for modernization work at the Tom Bradley International Terminal at LAX. We are committed to providing safe, modern, efficient and reliable transportation for the millions of passengers who travel through the airport each year."
Otis will replace 24 elevators at LAX with Gen2 elevators, Otis' premier, energy-efficient product. The Gen2 machine-roomless elevator reduces energy consumption by up to 50 percent compared to conventional systems. In addition to saving energy, the Gen2 elevator reduces the system's environmental impact because its patented polyurethane coated-steel belts, gearless machine and roller guides eliminate the need to apply lubrication. Otis was also awarded a five-year maintenance contract.
"We are very pleased to have Otis as a partner to tackle this challenging project," said Jim Surdyk, vice president, W.E. O'Neil Construction. "Otis management took the initiative and allocated skilled resources to conduct thorough physical surveys of the existing units to be modernized. This proactive approach helped identify existing conditions not known by the design team and has afforded W.E. O'Neil and Los Angeles World Airports the time necessary to develop solutions to help mitigate cost and schedule impacts."Otis' energy-efficient solutions were also chosen in 2010 for the Bradley West project, a major modernization effort at LAX's Tom Bradley International Terminal. Otis was selected to provide 92 elevators, escalators and moving walkways for the terminal. This project is currently underway with completion expected in early 2013. Otis has been at the forefront of the trend to modernize elevator systems in older buildings to make them more energy-efficient. The company has led elevator and escalator system modernization projects at some of the world's most iconic buildings, including the Empire State Building in New York City. About Otis Elevator CompanyOtis Elevator Company is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Conn., 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, Conn., is a diversified company providing high technology products and services to the building and aerospace industries. Contact: Kristin Harnedy – Senior Manager, Communications Otis North and South America Area +1 860-676-5404 firstname.lastname@example.org SOURCE Otis Elevator Company
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV