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OFFON

OTIS WORLDWIDE CORPORATION

(OTIS)
  Report
Delayed Quote. Delayed Nyse - 11/26 01:10:00 pm
83.19 USD   -1.50%
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Otis Worldwide : Nippon Otis Selected to Modernize and Install Touchless Buttons in Sapporo Factory Elevators

10/21/2021 | 11:14am EST

Touchless buttons with infrared sensors will be installed in the elevators as part of infection prevention measures

Nippon Otis Elevator Company will modernize two elevators in the Sapporo Factory, a large commercial complex Hokkaido, Japan, and install touchless buttonswith infrared sensors in the elevators.Nippon Otis Elevator Company is the Japanese subsidiary of Otis Worldwide Corporation(NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation, and service.

The Sapporo Factory is a large commercial complex built on the site of the former Sapporo Brewery, which had its roots in the brewery founded by Hokkaido's pioneering envoys in 1876. The seven buildings of the Sapporo Factory, featuring brick architecture from the factory days and huge atriums, have about 160 retail outlets and restaurants.

Being one of the popular tourist destinations in Hokkaido, the Sapporo Factory recognized the importance of their visitors' safety and wellbeing. On that note, they decided to modernize their elevators and install touchless buttons with infrared sensors as part of their COVID-19infection prevention measures. By installing touchless buttons, it is possible to call the elevator, open and close the doors, and select the destination floor without touching the buttons by bringing a finger up to 2 cm in front of the infrared sensor.

"Health & safety is a top priority for Otis. We are honored to support Sapporo Factory's health protocols by installing our innovative touchless solutions as part of this modernization project," said Thibault Lefebure, President, Nippon Otis. "These enhancements will enable visitors to reach their destination with more comfort and a peace of mind."

Nippon Otis will continue to focus on the development of innovative solutions to meet the various needs of our customers.

To learn more about Otis products and services, visit www.otis.com.

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 approximately 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 69,000 people strong, including 40,000 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.comand follow us on LinkedIn,Instagram, Facebookand Twitter@OtisElevatorCo.

Photo © Sapporo Real Estate Co., Ltd.

Disclaimer

Otis Worldwide Corporation published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 15:13:02 UTC.


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Sales 2021 14 323 M - -
Net income 2021 1 250 M - -
Net Debt 2021 3 899 M - -
P/E ratio 2021 28,5x
Yield 2021 1,15%
Capitalization 35 337 M 35 337 M -
EV / Sales 2021 2,74x
EV / Sales 2022 2,69x
Nbr of Employees 69 000
Free-Float 97,3%
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Technical analysis trends OTIS WORLDWIDE CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 83,19 $
Average target price 91,18 $
Spread / Average Target 9,60%
EPS Revisions
Managers and Directors
Judith F. Marks President, Chief Executive Officer & Director
Rahul Ghai Chief Financial Officer & Executive Vice President
Christopher J. Kearney Executive Chairman
Ricardo Mu˝oz Vice President-Engineering
Todd Glance Vice President-Operations
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