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Technology Stocks : United Technologies (UTX)
UTX 86.010.0%Apr 2 12:00 AM EST

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From: JakeStraw4/18/2006 8:08:44 AM
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Otis Wins Major Madrid Metro Contract
Tuesday April 18, 7:00 am ET

FARMINGTON, Conn., April 18 /PRNewswire-FirstCall/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), will supply and install 85 elevators and escalators for an extension of Madrid's underground metro. Otis currently maintains 100 units for the Metro de Madrid and will service the new units upon their completion.

"Otis is pleased to once again provide reliable, safe and efficient transportation for one of the largest and fastest growing metro systems in the world," said Ari Bousbib, Otis president. "We look forward to working with the government of Madrid on this important project in Spain's capital city." Otis will provide 23 Gen2® elevators and 62 escalators for seven new stations comprising the south extension of the metro's Line 3. The project is scheduled for completion in 2007.
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