PureCell® systems to generate clean, sustainable power for the Lotte World Tower in Seoul

  PureCell® systems to generate clean, sustainable power for the Lotte World
                                Tower in Seoul

PR Newswire

SOUTH WINDSOR, Conn., Jan. 10, 2013

SOUTH WINDSOR, Conn., Jan.10, 2013 /PRNewswire/ --UTC Power, a United
Technologies Corp. (NYSE:UTX) company, today announced that Samsung Everland
has purchased two PureCell® Model 400 fuel cell systems to be installed at the
Lotte World Tower, Korea's first super-tall skyscraper. The fuel cells will
be installed in the basement of the tower and will provide 800 kW of clean,
efficient power to the Lotte World Mall in the building. Upon completion in
2015, the Lotte World Tower is expected to become one of the tallest
skyscrapers in the world and will house the tallest observation deck on its
123rd-floor at 497.6 meters high. The mixed-use building will include retail
outlets, offices, residences, a luxury hotel and public access floors,
including the aforementioned observation deck.

"UTC Power is very proud to partner with Samsung Everland on this exciting
building project," said Joe Triompo, vice president and general manager of UTC
Power. "The PureCell system's proven performance and reliability make it the
ideal fit to provide the Lotte World Tower with clean fuel cell power. We are
thrilled to be a part of the tower's green energy infrastructure."

The PureCell system is a proven solution to today's energy challenges and is
already in use by Korean utilities. This installation is UTC Power's first
building application in the country and the first indoor installation for a
fuel cell in Korea. Generating power and heat, the PureCell system is driving
lower energy costs, increasing energy security and reducing emissions for
customers around the globe. The PureCell systems to be installed in the Lotte
World Tower will help to meet South Korea's clean energy goals as part of the
country's Renewable Portfolio Standard (RPS).

"With the prolonged effects of high oil prices and heightened environmental
regulations worldwide, more businesses are in need of clean energy
alternatives, like the PureCell system, to meet their operational needs" said
Samsung Everland Energy Business E&A Division. "Through our partnership with
UTC Power, Samsung Everland continues to provide valuable solutions to energy
issues for our clients across Korea."

In addition to providing power to help meet RPS, the PureCell systems will be
supported locally by UTC Power's Korean subsidiary, UTC Power International
Services - Korea, a Seoul-based fuel cell services company with dedicated
PureCell system technicians. "This first building application in Korea is an
important milestone for the PureCell system, and is a testament to the proven
performance of our other fuel cell installations in the country," said Eric
Strayer, general manager of international sales at UTC Power. "We are part of
Korea's clean energy future and are developing local capabilities for service
and installation." In addition to the PureCell systems to be installed at the
Lotte World Tower, UTC Power recently announced Korean South East Power Co.
Ltd. (KOSEP), a public utility company in the greater Seoul area, will install
seven PureCell systems at their Bundang facility in early 2013. As UTC Power's
capacity grows in Korea, so does their capability to create a local clean
energy workforce.

The PureCell system is adependable and durable energy solution, with total
expected efficiencies more than double those of traditional power generation
sources. With its ultra-clean design, optimized performance and streamlined
installation, the PureCell system is the recommended choice for facilities
with baseload heat and power requirements, like the Lotte World Tower. This
range of benefits is unique to the PureCell system and is unmatched in the
fuel cell industry.

About Samsung Everland Inc.
Samsung Everland, a Samsung Group affiliate, was founded in 1963 and is
organized into five different divisions: Energy & Asset, Resort, Food &
Culture, Golf and Environmental Development. In particular, Samsung Everland
Environment & Asset Division has been a premier energy solution and asset
management services provider in Korea for over 20 years. With the advent of
renewable and clean energy initiatives in Korea, Samsung Everland Environment
& Asset Division has been at the forefront of the government's initiatives in
promoting renewable energy by developing different renewable energy projects.
For more information, visit www.everasset.com

About UTC Power
UTC Power Corporation is a subsidiary of United Technologies Corp. (UTC),
which provides energy-efficient products and services to the aerospace and
building industries. Based in South Windsor, Conn., UTC Power is the world
leader in developing and producing fuel cells that generate energy for
buildings and for transportation, space and defense applications. UTC Power
has designed, manufactured, and installed more than 300 stationary fuel cells
in 19 countries on six continents. For more information, please visit
www.utcpower.com

Contact: Jennifer Sager
Phone: 860-727-2485
Jennifer.Sager@utcpower.com

SOURCE UTC Power

Website: http://www.utcpower.com
 
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