KONE Oyj : KONE wins contract to modernize Washington, D.C. Metro escalators

 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Under the agreement, KONE will replace up to 128 outdated escalators with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.



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
information contained therein.

Source: KONE Oyj via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.