KONE wins order to equip Central Boulevard Towers, a mixed-use development in Singapore

Press Release Published 05/08/2019

KONE Corporation, press release, August 5, 2019

KONE Corporation, a global leader in the elevator and escalator industry, has secured an order to deliver a total of 47 elevators and escalators to Central Boulevard Towers mixed-use development. The complex will be equipped with KONE's groundbreaking innovations including the KONE UltraRope® hoisting technology and the intelligent KONE 24/7 Connected Services.

Located in Singapore's Central Business District and developed by Wealthy Link Pte Ltd (a subsidiary of IOI Properties), Central Boulevard Towers will consist of premium Grade A office and retail spaces.

KONE will deliver 37 KONE Minispace™ elevators, 6 KONE MonoSpace® elevators, and 4 KONE TravelMaster™110 escalators to the development. 19 of the elevators will be equipped with KONE UltraRope® technology. Using the latest technology, KONE 24/7 Connected Services will help predict issues for preventive maintenance and increase equipment uptime. Additionally, the building will be equipped with KONE E-Link™, a facility management tool designed to secure the best possible tenant service quality in the building, and KONE Destination control system for reduced waiting and travelling times.

"We want to provide value for our customers during the entire lifespan of their building, and we are extremely excited to bring the latest innovations and digital solutions in the industry to the benefit of IOI Properties and the Central Boulevard Towers tenants," said Axel Berkling, executive vice president for KONE Asia Pacific.

The Central Boulevard Towers project is scheduled for completion in 2022.

KONE booked the order in the second quarter of 2019.

For further information, please contact:
Hanna Rutanen, Director, External Communication, tel. +358 41 5071361, media@kone.com

Read more
Previous press releases are available at http://www.kone.com/en/news-and-insights/releases/ including:
January 23, 2019: KONE ranked among the world's most sustainable companies by Corporate Knights
November 22, 2018: Germany's first KONE UltraRope® to be installed at the ONE high-rise building in Frankfurt am Main
June 1, 2018: KONE listed as one of the world's most innovative companies by Forbes
February, 8, 2017: KONE revolutionizes elevator maintenance with new customizable KONE Care(TM) service offering and 24/7 Connected Services

About KONE UltraRope
KONE UltraRope® is super-light elevator hoisting technology, which provides unrivalled elevator eco-efficiency, reliability and durability, while also improving elevator performance. It eliminates the disadvantages of existing steel ropes - high energy consumption, rope stretch, large moving masses, and downtime caused by building sway. KONE UltraRope® can enable future elevator travel heights up to 1,000 meters.

About KONE 24/7 Connected Services
The intelligent KONE 24/7 Connected Services uses the IBM Watson IoT platform and other advanced technologies to bring intelligent services to elevators and escalators. It means a completely new experience for KONE's customers, with less equipment downtime, fewer faults and detailed information on maintenance work. For people using elevators and escalators, it means less waiting time and more personalized experiences. The system enables vast amounts of data from elevator sensors to be monitored, analyzed and displayed in real-time, improving equipment performance, reliability and safety.

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2018, KONE had annual net sales of EUR 9.1 billion, and at the end of the year over 57,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.


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