KONE wins order to equip multi-use development in Hefei, Anhui province in Eastern China

Press Release Published 03.25.2015

KONE Corporation, press release, March 25, 2015

KONE, a global leader in the elevator and escalator industry, has won an order to supply 64 elevators and escalators to Gaosu Binhu Time Square, a multi-use building in the city of Hefei, Anhui province in Eastern China.

Gaosu Binhu Time Square is composed of two 54-floor and 41-floor towers standing at 238m and 180m and stretching to a total construction area of 230, 000 square meters. Due for completion in 2017, the building will integrate offices, a hotel and a shopping mall under one roof. Gaosu Binhu Time Square is built by Anhui Highway Real Estate Co, Ltd.

To ensure that shoppers, hotel guests and office workers are able to move around the building smoothly and efficiently, especially during peak hours, KONE will equip the development with 40 KONE MiniSpace(TM) elevators, four KONE MonoSpace® elevators, 20 KONE TravelMaster(TM) escalators as well as KONE E-Link(TM) monitoring system.

"We are honored to have won this project and committed to providing the highest-quality people flow solutions to ensure the smooth movement of visitors at Gaosu Binhu Time Square", says William B. Johnson, Executive Vice President for KONE Greater China.

The order was booked in the fourth quarter of 2014.

Previously published press releases are available at www.kone.com/press including:
March 24, 2015: KONE to equip mixed-use development in Hangzhou, Zhejiang Province, China
December 15, 2014: KONE to deliver intelligent people flow solutions to high-rise office buildings in Hunan Province, China
March 24, 2014: KONE to supply elevators to Zhonghai International Center in Chengdu, Sichuan Province, China

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

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