KONE Oyj : KONE wins contract to modernize Washington, D.C. Metro escalators KONE Corporation, press release, February 28, 2013 KONE has been awarded a contract by the Washington Metropolitan Area Transit Authority (WMATA) to replace 128 escalators at 34 stations throughout Washington, D.C.'s Metro transportation system. The contract is part of WMATA's multi-year capital improvement program known as Metro Forward. KONE was selected through a procurement process which took into consideration KONE's technical excellence and expertise providing replacement solutions for the mass transit segment. Under the agreement, KONE will replace up to 128 outdated escalators with KONE's industry leading heavy-duty transit escalators, designed to meet the needs of highly demanding public areas and featuring the latest in eco-efficient technology, safety, and reliability. "We are honored to have been chosen to work on this major renovation, which will improve escalator reliability across the Metro system for years to come," said Larry Wash, KONE EVP and Area Director for the Americas. "Our energy-efficient solutions and expertise in the mass transit segment will ensure the system will receive the significant renovations it needs, while minimizing potential disruption for passengers." The order was booked in the first quarter of 2013 and is expected to be completed by 2020. For further information, please contact: Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775 Previous press releases on KONE's orders in the mass transit market are available at www.kone.com/press including: October 10, 2012, KONE to deliver eco-efficient escalators to future New York City subway station March 5, 2012, KONE awarded escalator project at Washington, D.C.'s Historic Union Station About KONE KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow(TM) experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2012, KONE had annual net sales of EUR 6.3 billion and around 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. www.kone.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: KONE Oyj via Thomson Reuters ONE HUG#1682004
KONE Oyj : KONE wins contract to modernize Washington, D.C. Metro escalators
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