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Otis Adds World-Famous Brazilian Landmark to Its Elevator, Escalator Portfolio.


Business/Technology Editors

NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com

FARMINGTON, Conn.--(BUSINESS WIRE)--Dec. 11, 2001

Otis Elevator Company The Otis Elevator Company is the world's largest manufacturer of vertical transportation systems, principally elevators and escalators. Founded in Yonkers, New York, USA in 1853 by Elisha Otis, the company pioneered the development of the safety elevator, which used a special  has been awarded a contract to install the first vertical transportation system in the world-famous Christ the Redeemer Christ the Redeemer (often from Spanish and Portuguese Cristo Redentor) may be a reference to:
  • Christ the Redeemer, a famous statue on Corcovado mountain in Rio de Janeiro, Brazil.
 (Cristo Redentor) monument that overlooks Rio de Janeiro Rio de Janeiro, city, Brazil
Rio de Janeiro (rē`ō də zhänā`rō, Port. rē` thĭ zhənĕē`r
 in Brazil. Otis is a unit of United Technologies Corp. (NYSE NYSE

See: New York Stock Exchange
: UTX UTX United Technologies Corporation (stock abbreviation, AMEX)
UTX Unreal Texture (a texture pack for Unreal-engine games)
UTX Unit Training Exercise
UTX Under Track Crossing
).

Otis is in partnership with the Roberto Marinho Roberto Pisani Marinho (December 3, 1904 – August 6, 2003). Born in Rio de Janeiro, Brazil, Marinho was the president and founder of the biggest Brazilian TV channel, Globo. He came under criticism in the documentary Beyond Citizen Kane for his role at Globo.  Foundation, a not-for-profit organization with headquarters in Rio de Janeiro, to provide elevators and escalators to the monument on the summit of Corcovado mountain.

The agreement with the Marinho Foundation calls for Otis to install three of its revolutionary machine-roomless Gen2(TM) elevator systems and four specially configured outdoor escalators.

Otis President Stephen F. Page said the challenges of the Christ the Redeemer project, underscore the company's engineering capabilities and the benefits of the Gen2 elevator system's breakthrough technology.

"The Gen2 system, with its machine-roomless design, is the only vertical transportation solution that meets the rigorous environmental requirements of the prestigious Cristo Redentor project," Page said. "The Marinho Foundation's selection of Otis elevators and escalators is recognition of our company's leadership and pioneering technology in the people-mover industry."

The Otis equipment will provide visitors a long-envisioned vertical transportation route to the summit of Corcovado mountain, where the 70-year-old, 125-foot Christ the Redeemer monument rises over Rio de Janerio, 2,343 feet (710 meters) below. To reach the summit today, most visitors ride a cogwheel train up the mountainside, then climb a flight of steep staircases to the statue and viewpoints of Rio de Janeiro and the Atlantic Ocean Atlantic Ocean [Lat.,=of Atlas], second largest ocean (c.31,800,000 sq mi/82,362,000 sq km; c.36,000,000 sq mi/93,240,000 sq km with marginal seas). Physical Geography
Extent and Seas
. The Gen2 elevators and the escalators will allow visitors to ride to Corcovado's summit, bypassing the staircases.

The elevators, equipped with clear sliding glass doors, will be installed near the train's arrival and departure platform and will carry passengers up 90 feet (30 meters) to a visitors' area. There, Otis high-technology escalators, provided by the company's newly established Otis Escalator Systems unit, will move riders to the summit.

Both the elevator tower and escalators are designed to follow the contours of the north side of the mountain, with the trees camouflaging the elevator hoistway.

Without the requirement for a machine room, the height of the elevator hoistway is lower than a conventional elevator system, and the hoistway can be concealed among Corcovado's trees. The Gen2 system, the first ever to use flat, polyurethane-coated steel belts to lift the elevator car, was selected over traditional hydraulic-powered elevator technology. The Gen2 system eliminates the use of oil and its permanent magnet (PM) machine technology reduces energy consumption by as much as 40 percent, an especially important benefit in Brazil where the energy crisis has caused power rationing.

The environmental impact of the new equipment on Corcovado Mountain, which is in the middle of the largest urban forest in the world, presented the Roberto Marinho Foundation with challenging technical problems. Silvia Finguerut, general manager of historical and environmental patrimony PATRIMONY. Patrimony is sometimes understood to mean all kinds of property but its more limited signification, includes only such estate, as has descended in the same family and in a still more confined sense, it is only that which has descended or been devised in a direct line from the , said the Foundation studied nearly two dozen arrangements for moving visitors to the summit before selecting the Otis solution.

Ricardo Monte, vice president and senior area executive for Otis' Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  Area, said, "The monument is one of the most famous man-made landmarks in the world and we are proud to be involved in its revitalization."

Founded in 1978, the Roberto Marinho Foundation has three priority objectives: education, heritage and ecology. Partnerships, such as the one with Otis for the elevators and escalators, are a hallmark of the foundation.

Otis Elevator Company, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of United Technologies Corporation, is the world's largest company in the manufacture, sale, installation and service of people-moving products including elevators, escalators, shuttle systems and moving walkways. Otis, with headquarters in Farmington, Connecticut Farmington is a town located in Hartford County in central Connecticut in the United States. The population was 23,641 at the 2000 census. It is home to the world headquarters of several large corporations including Carrier Corporation, Otis Elevator Company, and Carvel. , USA, offers its products and services in more than 200 countries and territories and maintains more than 1.2 million elevators and escalators worldwide.

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Publication:Business Wire
Date:Dec 11, 2001
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