Otis to Supply elevators to tallest Residential Project

Otis has been selected to provide high-speed elevators to the prestigious Altairproject in Colombo, Sri Lanka, which when complete will be the tallest residential building in Sri Lanka and will have the country's fastest elevators.Otis, the world's largest manufacturer and maintainer of people-moving products, is a unit of United Technologies Corp. (NYSE: UTX). Elevators Private Limited, a JV entity between Otis and Aitken Spence, will install the elevators.

"Otis is a natural choice for a demanding construction like the 68-floor Altair project, especially because of the reliability and performance that Otis elevators promise. It's been a great opportunity for us to partner an international franchise and to showcase the capabilities of the Otis range in a local setting and we are looking ahead for the completion of the project," commented Surendar Mariappan, Joint Managing Director, Aitken Spence Elevators.

Altair will reach 240 metres – 68 floors – consisting of two towers with one tower leaning against the other. Indocean Developers (P) Limited, a venture of South City projects (Kolkata) Limited, chose Otis to supply a total of 19 elevators, including Sri Lanka's fastest elevators with a travel speed of 5 metres per second. 7 out of the 19 units will be supplied from Otis India's Bengaluru factory.

"Altair is a unique project with requirements that stretch beyond the ordinary – it is exclusive. Otis' technical know-how and credentials gave us the confidence that Otis would be the right fit," said Pradeep Sureka, Managing Director, Sureka Group. "Otis' worldwide experience in delivering vertical transport solutions in tall buildings, coupled with their strong local presence, made them the right choice to provide us with elevators for Altair," said. M. Sathian, Director (Projects), Indocean Developers (P) Limited.

"We are privileged to work on one of Indocean Developers' most renowned projects and an architectural marvel – Altair," said Sebi Joseph, president, Otis India region. "Otis' proven high-rise elevator technologies and capability to execute complex projects with unusual structural elements were important factors in our selection."

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