2015 Articles › 03.30.2015

03.30.2015 CHONGQING, China

Xizi Otis and Jinke Group Extend Strategic Partnership to Promote Sustainable Urbanization in Western China

Chongqing

Chongqing Jinke Decade City
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Xizi Otis Elevator Co. Ltd. (“Xizi Otis”) and Jinke Property Group have extended for three more years their agreement to deploy energy-saving green elevators in Jinke’s new residential and commercial developments in China’s booming western region. Xizi Otis is a subsidiary of Otis Elevator (China) Investment Co. Ltd., which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX).

With a presence in more than 30 cities in Sichuan Province, Jinke develops and manages high-quality properties in support of ongoing urbanization in the province. The group was ranked 15th among China’s Top 100 Property Enterprises in 2014. The extended agreement with Xizi Otis demonstrates Jinke’s commitment to supporting sustainable urbanization through energy-saving technologies such as the Gen2™-MR elevator system.

Incorporating Otis’ leading technologies, the Xizi Otis Gen2-MR elevator is an energy-saving small-machine-room elevator system launched in 2013. It was tailor-made for China’s commercial and high-end property market by Xizi Otis, based on Otis’ patented Gen2 flat-belt elevator technology. The system offers a safe and comfortable riding experience, saves building space and incorporates a ReGen™ regenerative drive to reduce energy consumption by up to 75 percent compared with traditional elevators with conventional drives.

“This agreement with Jinke illustrates that property companies like Jinke are embracing the green building movement to promote environmental stewardship and create more comfortable and sustainable urban environments in China,” said Alan Cheung, president, Xizi Otis. “An advocate of sustainable building, Xizi Otis is excited to play a role in the green building movement in China by introducing innovative and leading-edge technologies, and offering consultancy, service and support.”

The agreement between Xizi Otis and Jinke began in 2008 with a focus on high-quality residential projects. It was later expanded to include commercial property development. For more information, visit www.xiziotis.com.

About Xizi Otis
Xizi Otis Elevator Co., Ltd is a subsidiary of Otis Elevator (China) Investment Company Limited, which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX). Founded in 1997, Xizi Otis has two manufacturing facilities, in Hangzhou and Chongqing, as well as a testing lab accredited by the Certification and Accreditation Administration of the People’s Republic of China (CNAS) and an R&D center staffed by more than 120 engineers.

About Otis
Otis is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded 161 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.8 million elevators and escalators worldwide. Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com.

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