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KONE to supply elevators and escalators for The Shard London Bridge

Press Release Published 16/04/2009

KONE secured a major order to deliver all elevators and escalators for The Shard London Bridge building in London, United Kingdom. The order covers the supply and installation of 36 elevators and 10 escalators including 13 double-deck elevators.

Over twice the height of the London Eye and adjacent to London Bridge railway station, The Shard London Bridge is a 80-storey, 900,000 sq ft net development comprising of office space, luxury residential accommodation and a hotel with several mid and upper viewing galleries. This iconic tower is the first phase of the GBP 2 billion London Bridge Quarter regeneration scheme covering almost 2 million sq ft.

"We are extremely pleased to be chosen for this project, which is to become the tallest mixed-use building in Western Europe standing at 310 metres. Renzo Piano's building design will be a wonderful addition to London’s skyline," says Noud Veeger, EVP and Area Director for Central and North Europe at KONE. “This project further strengthens KONE's leading position in the European high-rise elevator market.”

Powered by the energy-efficient KONE EcoDisc® hoisting machine, the double-deck elevators consist of two elevator cars in the same hoistway, one on top of the other. The technology creates significant space savings and increases traffic handling capacity in high-rise buildings.

Construction of the skyscraper begins this spring with completion scheduled for May 2012. Installation of the elevators will commence in 2010.

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 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

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