KONE named one of the world's most innovative companies by Forbes

August 22, 2014

KONE Corporation, press release, August 22, 2014

KONE has been ranked 42nd out of the top 100 most innovative companies in the world by the well-known business magazine Forbes. Out of all European companies listed this year, KONE was ranked an impressive sixth. KONE is the only lift and escalator company featured on Forbes' list this year.

"It's a great honour to be recognised among the world's most innovative companies for a fourth consecutive year," says Henrik Ehrnrooth, President & CEO of KONE Corporation."Innovation and technological advancement have been at the core of our company for decades, and will continue to be moving forward."

KONE's history as an industry forerunner is well documented. In 1996, KONE was the first company in the industry to introduce machine-room-less lifts. KONE's latest groundbreaking solution is its new high-rise lift-hoisting technology, KONE UltraRope(TM), enabling future lift travel heights of 1 kilometre - twice the distance currently feasible. Last May, KONE announced that the KONE UltraRope technology would be used in Saudi Arabia's Kingdom Tower building, expected to be the world's tallest building with a height rising over one kilometre once completed.
 
Forbes magazine's ranking is based on a metric called the "Innovation Premium". One of the developers of the metric is Harvard Business School Professor, Clayton Christensen.

The list of world's most innovative companies can be viewed on forbes.com.

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330.

Read more 
www.kone.com/ultrarope

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

10 June 2013: New KONE UltraRope(TM) lift-hoisting technology enables the next big leap in high-rise building design

About KONE
KONE is one of the global leaders in the lift and escalator industry.  KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanising environment. KONE provides industry-leading lifts, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings.  KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernisation solutions. In 2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com