U.S. Markets closed

KONE wins order for twin tower complex, Indonesia1 in Jakarta, Indonesia

KONE Corporation, press release, March 21, 2017



KONE, a global leader in the elevator and escalator industry, has won an order to supply 76 elevators and escalators to Indonesia1, a premium integrated mixed-use development located in the Central Business District of Jakarta, Indonesia.

With 58 floors and 278 meters in height, the twin tower complex is set to be one of the tallest buildings in Indonesia. Indonesia1 boasts a gross floor area of 204,000 square meters and comprises of mainly offices, serviced apartments and commercial space within the twin towers.

KONE will install 44 KONE MiniSpace® elevators, 14 KONE S MonoSpace® elevators, 18 KONE TravelMaster110 escalators and KONE Destination control system to Indonesia1. The elevators can reach a maximum travel speeds up to 8m/s. All equipment will be connected to KONE E-LinkTM monitoring system, providing real-time monitoring information and statistical performance reports.

"We are very happy to be part of this premium development. We believe KONE solutions will contribute towards a smooth and delightful people flow experience for everyone at Indonesia1", says Axel Berkling, Executive Vice President for KONE Asia Pacific.

Indonesia1 is developed by PT. China Sonangol Media Investment and is scheduled for completion in 2019.

The order was booked in the last quarter of 2016.
 
Previous press releases on KONE`s orders are available at www.kone.com/press including:

June 17, 2016: KONE wins order for Goldmark City residential development in Vietnam
June 1, 2016: KONE wins order for luxury apartment tower development in Indonesia
May 19, 2016: KONE wins order for twin tower development in Indonesia

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people`s journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KONE OYJ via GlobeNewswire

HUG#2089073