Otis Worldwide : King Felipe VI of Spain Inaugurates Otis’ New State-of-the-Art Factory

Otis invested 20 million euros in San Sebastian factory dedicated to quality manufacturing and continues support of the skilled workforce in Spain

Today Otis Worldwide Corporation(NYSE: OTIS),the world's leading company for elevator and escalator manufacturing, installation and service, in the presence of King Felipe VI of Spain and several other distinguished guests, inaugurated its newest industrial facility in San Sebastian, Spain. The new 17,000 square meter site builds on the legacy of the previous factory established in the region in the 1920s.

"Today's inauguration marks our renewed commitment to developing high-precision manufacturing in the Basque Country," declared Judy Marks, Chair, Chief Executive Officer and President, Otis Worldwide Corporation. "Our products, services and geographic footprint in Spain are critical components of our long-term growth strategy. With this new factory, we will continue to develop and produce innovative mobility solutions that are ever more efficient and connected."

Otis Chair, CEO and President Judy Marks, center left, and King Felipe VI of Spain, center right, tour the new Otis factory in San Sebastián, Spain.

Otis' production in San Sebastián is focused on manufacturing elevator machines, governors and safeties. With 80% of its production exported, the new factory will be recognized globally for modern approaches and innovation inherent to the Basque Country.

The new factory offers more sustainable and modern facilities for colleagues and will take on new strategic projects to benefit customers. For example, improvements in space management and manufacturing processes made it possible to expand the range of machines produced at the factory. As a result, the factory will start to manufacture the Electronic Safety Actuator for the new, connected Gen360^TM platform, the latest generation of Otis elevators.

The new San Sebastián factory was built with sustainable construction materials - such as steel, prefabricated concrete and aluminum - to reduce environmental impact. Like all Otis factories in Spain, the factory is powered by 100% renewable (zero carbon) energy. It is designed for high energy efficiency with a project underway to install solar panels producing the equivalent of up to 25% of the baseload electricity demand for the site. The factory aims to be certified LEED Gold before year end with a target to become LEED Platinum soon after.

About Otis
Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2 billion people a day and maintain more than 2.1 million customer units worldwide - the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 70,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.