Otis To Supply 61 Units For Poland's Largest Shopping Mall

FARMINGTON, Conn.--(BUSINESS WIRE)--March 17, 2004--Otis Elevator Company has secured contracts to supply and install 61 elevators, escalators and moving walkways for the new Arkadia shopping and entertainment center near Warsaw's central business district.

"Arkadia is a symbol of the new Poland," Otis President Ari Bousbib said. "We are proud that our equipment has been selected for this landmark project. It confirms that Otis products meet the needs of customers in one of Europe's most dynamic emerging markets."

When Arkadia is completed in the fourth quarter of 2004, it will be Poland's largest mixed-use center, covering 3 million square feet (287,000 square meters), including 1.1 million square feet (110,000 square meters) of retail area.

Otis, which has already begun the installation, is supplying 31 elevators, 20 escalators and 10 moving walkways.

In addition to anchor tenant Carrefour, Europe's largest retailer, Arkadia will include a mix of specialty and lifestyle retailers, ranging from medium-sized stores to boutique shops. A multiplex theater, food court, bowling center and other entertainment tenants are also part of the center.

Otis Elevator Company, a wholly owned subsidiary of United Technologies Corp. (NYSE:UTX), is the world's largest manufacturer and maintainer of people-moving products, including elevators, escalators, shuttle systems 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 1.4 million elevators and escalators worldwide.