KONE Corporation, press release, August 26, 2016

KONE, a global leader in the elevator and escalator industry, will install more than 200 units of equipment at the 30 stations of Chongqing Metro Line 5, the main North-to-South line under construction in the Southwestern Chinese city.

The order for the first extension phase of the metro line includes 51 KONE MonoSpace® elevators, six KONE MiniSpace® elevators, and 166 KONE TransitMaster(TM) escalators. Chongqing is one of China`s five national central cities, and the KONE equipment is estimated to help ease the flow of urban life for around 15 million people every month.

"We are excited to be involved in this project to extend the reach of the Chogqing Metro, which is a major lifeline for the city," said William B. Johnson, KONE Executive Vice President for Greater China. "To find the best people flow solutions for a busy infrastructure project like this one, it is of utmost importance to listen to and work closely with the customer."

The main developer of the project is Chongqing Rail Transit (Group) Co., Ltd., and the main contractor is China Railway Second Bureau Electric Engineering Co., Ltd. The architect of the project is Chongqing Rail Transit Design and Research Institute.

The project is expected to be completed in 2017. The order was booked in the third quarter of 2016.

Previous press releases are available at www.kone.com/press including:

April 06, 2016: KONE wins order for Shanghai Metro extension
April 06, 2016: KONE wins escalator order for Lanzhou Metro in China
April 27, 2016: KONE wins major order for Qatar`s Doha Metro project

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 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

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Source: KONE OYJ via GlobeNewswire
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