FARMINGTON, Conn., Jan. 26--PRNewswire-AsiaNet/InfoQuest Otis, a unit of United Technologies Corp. (NYSE: UTX), has been selected to supply and install 45 elevators for three modern buildings in a major South East London development along the Thames called Bankside 123. (Photo: http://www.newscom.com/cgi-bin/prnh/20060125/NEW001 ) Land Securities, the UK's leading property developer, and Bovis Lend Lease, the project's major contractor, awarded the contracts. "Otis has established, long-term relationships with Land Securities and Bovis Lend Lease, and we appreciate the confidence they have once again demonstrated in us by selecting Otis for this major London project," said Otis President Ari Bousbib. "We are pleased to play an important role in the ongoing development of Bankside as a thriving business, media and retail center." The project, located near Shakespeare's Globe Theatre, will feature Gen2(TM) elevators, Otis' patented flat-belt, machine-roomless product, in a variety of capacity and speed configurations. "There is a great deal of complexity involved in the delivery of such large-scale developments, and it is therefore essential that we have innovative and reliable suppliers to partner with us," said Neil Pennell, engineering director for Land Securities. "Otis has provided a well-engineered solution for Bankside 123, which is helping to regenerate an important part of South London." The Bankside buildings will offer approximately 750,000 square feet of prime office and retail space and be connected by wide, landscaped walkways and public spaces. Building 1 will be completed in this spring, and 2 and 3 are scheduled for completion in mid-2007. Otis Elevator Company, a wholly owned subsidiary of United Technologies Corp., 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 60,000 people, offers products and services in more than 200 countries and territories and maintains more than 1.45 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. SOURCE Otis Elevator Company CONTACT: Tizz Weber, Director, Communications Programs at Otis Elevator Company, +1-860-676-6127, [email protected] Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060125/NEW001 AP Archive: http://photoarchive.ap.org PRN Photo Desk, [email protected] Web site: http://www.otis.com --Distributed by AsiaNet (www.asianetnews.net)--