FARMINGTON, Conn.--(BUSINESS WIRE)--Otis Elevator Company, a United Technologies Corp. (NYSE:UTX) company, is launching a new residential Gen2® elevator that eliminates the need for three phase power, ...

On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...

Apartment builders have a new sustainable instrument in their development toolbox thanks to Gen2 Swtich, a new residential elevator by Otis. Farmington, Conn.—Apartment builders have a new instrument ...

A first for Otis in New Zealand, Otis is integrating service robots with its elevators – the Otis Integrated Dispatch™ technology allows the autonomous robot to call an elevator, select destinations, ...

Forbes contributors publish independent expert analyses and insights. Wayne Rash is a technology and science writer based in Washington. One kink in the return to work since the Covid-19 pandemic ...

Executives at Otis Elevator, which is due to be spun off from United Technologies Corp. in April, didn’t look far to pick a stock ticker to identify the new company on Wall Street: OTIS. For its new ...

- Acquisition adds to the company's industry-leading maintenance portfolio of more than 2M units. FARMINGTON, Conn., Aug. 17, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has acquired ...

Riding in an elevator used to be dangerous business — until Elisha Otis, of Otis Elevator Company fame, invented a device that could prevent a passenger elevator from falling if its rope broke. It ...

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...

Farmington, Connecticut-based Otis Worldwide Corporation (OTIS) develops, manufactures, installs, and services vertical transportation systems, primarily elevators, escalators, and moving walkways.