KONE to supply people flow solutions to Turkey's largest residential development

Press Release Published 02/11/2014

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KONE Corporation, press release, February 11, 2014

KONE has won an order to provide 146 elevators to a large-scale residential development in Ankara, Turkey. In the first phase, Sinpas Altinoran will have a total of 2,450 apartments in 70 buildings with heights ranging from six stories to as high as 40 stories. KONE's eco-efficient solutions will ensure the smooth people flow of the residents within and in between the buildings.

KONE was involved from the early stages of the project and will now supply 97 KONE N MonoSpace®, 34 N MiniSpace(TM), 14 S MiniSpace(TM) and one KONE TranSys(TM) freight elevator. All of the elevators come equipped with the energy efficient KONE EcoDisc® hoisting machine. Further energy savings will be achieved with advanced standby solutions, which power down the elevator when it is not in use, as well as regenerative drives, which recycle energy for immediate reuse within the building and cuts consumption by up to 20%.

Located in Çankaya, the most valuable area right in the center of Ankara; covering an area of 1,850,000 m2, Altinoran is Turkey's largest residential project with its recreational facilities. A 65-hectare area features a lake, woods, swimming pools, an ice-skating rink, skiing slopes with artificial snow and Turkey's first skywalk platform.

"We are pleased to work again with Sinpas Yapi Industry on Turkey's largest residential development. We are very happy to match our eco-efficient solutions to the various requirements in order to ensure smooth people flow of the residents," said Pierre Liautaud, Executive Vice President and Area Director for KONE West and South Europe.

Sinpas Altinoran is being developed and constructed by Istanbul-based Sinpas Yapi Endüstrisi ve Ticaret A.S. KONE will deliver the elevators during 2014-2015 and the project is expected to be completed by 2020. The order was booked in the fourth quarter of 2013.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775, media@kone.com

Previous press releases on KONE's orders are available at www.kone.com/press including:
- September 25, 2013: KONE to deliver elevators and escalators to Ankara Metro line extensions in Turkey

About KONE
KONE is one of the global leaders in the elevator 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 urbanizing environment. KONE provides industry-leading elevators, 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 modernization 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

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