KONE to supply the elevators to new Crossrail stations in central London

Press Release Published 10/01/2012

KONE Corporation, press release, October 1, 2012

KONE has won an order to supply elevators to eight new Crossrail stations under construction in central London. The new Crossrail stations will also provide interchanged connections with other transport services including London Underground, National Rail and/or Docklands Light Rail. An additional four elevators will be installed in two London Underground stations at Bank and Hammersmith. KONE's solutions will help increase accessibility and smooth People Flow® in London's public transportation.

The order includes 47 KONE MonoSpace® Special elevators. Two durable KONE TranSys(TM) freight elevators will be installed at Bond Street station. All of the elevators are machine-room-less, which saves space at at the stations, and are powered by the energy efficient KONE EcoDisc® hoisting machine. KONE will also install five inclined elevators. The elevators will be equipped with KONE E-Link remote monitoring system to ensure high availability of the equipment.

"We are proud to continue to be involved in another demanding public transport project and to enable the smooth and safe People Flow of the residents of the London metropolitan area," says Michael Williams, Managing Director of KONE Great Britain.

The elevators at the stations will be installed over a five-year period beginning in 2013, and the new rail line is expected to be operational in 2018. The contract also includes maintenance of the elevators up until 2032, as well as modernization packages when the need for upgrades arise.

The order was booked in the third quarter of 2012.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

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® 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 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

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