KONE wins order for high-rise apartments in Sydney, Australia

KONE Corporation, press release, September 1, 2014

KONE, a global leader in the elevator and escalator industry, has won an order for Altitude, a high-rise apartment development in Parramatta, western Sydney. Standing at 170 metres, Altitude is set to become the tallest residential building in the Parramatta central business district and will offer a 360-degree panoramic view over the city. The building will comprise two sleek crystalline towers: the 30 storey East tower dedicated to serviced apartments and the West tower, which will stand at a record 53 storeys, will consist of residential apartments.

To ensure accessibility and safe means of travelling for the building residents and serviced apartment guests, Altitude will be equipped with five KONE MiniSpace® elevators, and five KONE MonoSpace 3000 S(TM) elevators coupled with KONE Polaris destination control system.

"We are proud to have been part of this development since the beginning. Not only will our people flow solutions ease the life of residents and visitors of this building, but they will also lower this building's carbon footprint and cut energy costs. This way we are very pleased to be part of green building in Australia," says KONE's Neeraj Sharma, Executive Vice President, Asia-Pacific and Middle East.

"Over the years, we have been impressed with the engineering and design support received from experts at KONE. We are looking forward to completing this project with them," says Meriton Managing Director Harry Triguboff.

Altitude is designed by award-winning Tony Caro Architects (TCA) and developed by Meriton, one of Australia's largest apartment developers.
The order was booked in the second quarter of 2014.

Previously published press releases are available at www.kone.com/press including:
January 20, 2014: KONE wins order for residential high-rises in Sydney, Australia
October 7, 2013: KONE to supply smart and eco-efficient people flow solutions to prestigious office development in Brisbane, Australia

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE
KONE is one of the global leaders in the elevator and escalator industry. 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 industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com