United Technologies Completes Divestiture of UTC Power Unit

         United Technologies Completes Divestiture of UTC Power Unit

PR Newswire

HARTFORD, Conn., Feb. 12, 2013

HARTFORD, Conn., Feb. 12, 2013 /PRNewswire/ -- United Technologies Corp.
(NYSE: UTX) today announced it has completed the divestiture of its UTC Power
fuel cells unit to ClearEdge Power, based in Hillsboro, Ore. Divesting UTC
Power is another step forward in UTC's ongoing portfolio transformation to
focus on its core of aerospace and building systems.

United Technologies Corp., based in Hartford, Connecticut, is a diversified
company providing high technology products and services to the building and
aerospace industries.

This release includes "forward looking statements" concerning the financial
and business impact of a business transaction, management's beliefs and
objectives with respect thereto, and management's current expectations for our
future operating and financial performance, based on assumptions currently
believed to be valid. Forward-looking statements can be identified by the use
of words such as "believe," "expect," "expectations," "plans," "strategy,"
"prospects," "estimate," "project," "target," "anticipate," "will," "should,"
"see," "guidance," "confident" and other words of similar meaning in
connection with a discussion of future operating or financial performance. It
is uncertain whether the events anticipated will transpire, or if they do
occur what impact they will have on the results of operations and financial
condition of UTC and of the combined companies. These forward looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those anticipated, including but not limited
to the ability of the parties to satisfy the conditions precedent and
consummate the proposed transaction, the timing or consummation of the
proposed transaction, the ability of the parties to secure regulatory
approvals in a timely manner or on the terms desired or anticipated, and the
ability to realize opportunities for growth and innovation. Other important
economic, political, regulatory, legal, technological, competitive and other
uncertainties are identified in the SEC filings submitted by UTC from time to
time, including their respective Quarterly Reports on Form 10-Q, Annual
Reports on Form 10-K, and Current Reports on Form 8-K. The forward looking
statements included in this press release are made only as of the date hereof.
UTC does not undertake any obligation to update the forward looking statements
to reflect subsequent events or circumstances.

UTC-IR

Contact: Ian Race, UTC
         (860) 728-6515 www.utc.com



SOURCE United Technologies Corp.

Website: http://www.utc.com
 
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