KONE secures major order for City Creek Center in Salt Lake City

Press Release Published 17/09/2008

KONE received a major order from City Creek Reserve, Inc., who is in partnership with Taubman Centers Inc., to supply and install KONE MonoSpace® machine-room-less elevators and KONE ECO3000® escalators in the City Creek Center in Salt Lake City, USA. The order was included in KONE's second quarter order book.

The City Creek Center is an integral part of the revitalization of Salt Lake City, with the goal of developing a vibrant and attractive downtown area. It will become a walkable urban community consisting of residences, offices and retail stores that span across three blocks.

“We are very excited to be a part of this revitalization for the central city. With our environmentally friendly technology, we have a great opportunity to contribute to the city’s sustainability targets,” says Vance Tang, KONE EVP and Area Director for the Americas. “We are very enthusiastic about working with City Creek Reserve on this project, which will showcase the capabilities of KONE’s team in Salt Lake City.”

Installation of the KONE solutions is expected to begin in 2010 with the opening of the City Creek Center in 2012. The project’s general contractor is Jacobsen Construction Company Inc.

The City Creek Center is one of 60 pilot projects in the United States selected to participate in a focus group that is helping the U.S. Green Building Council finalize its new LEED (Leadership in Energy and Environmental Design) certification process for Neighborhood Development.

About KONE

KONE’s objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.

For further information, please contact:
Anne Korkiakoski, Executive Vice President, Marketing & Communications,
tel. +358 (0)204 75 4775 or +358 50 674 11

For more information about the project, visit www.downtownrising.com/city_creek/.

2008-09-17 KONE secures major order for City Creek Center in Salt Lake City

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