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Otis Offers Eight Connected Vertical Mobility Solutions Across Gen3™ Platform for EMEA Customers

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SCHN.SWKNEBV.HETKA.DE
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Smart vertical transportation for new construction and modernising and refurbishing existing buildin...

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AI Summary

Otis has launched its Gen3 vertical mobility solutions, featuring energy-efficient technologies and IoT connectivity for buildings in Europe, the Middle East, and Africa. This move emphasizes Otis's commitment to innovation and sustainability, likely bolstering service demand and market share.

Sentiment Rationale

The launch of the Gen3 platform addresses market demand for energy-efficient solutions and IoT technology, likely driving revenue growth similar to past product launches that significantly boosted market share.

Trading Thesis

Invest in OTIS for potential growth due to new Gen3 product line and IoT integration.

Market-Moving

  • The Gen3 launch targets significant growth in low- to mid-rise building projects.
  • Energy efficiency positions Otis favorably amid rising sustainability demands.
  • IoT integration may enhance service contracts and recurring revenue streams.
  • Customizable aesthetics could attract more projects in the luxury building segment.

Key Facts

  • Otis launches Gen3 vertical mobility solutions for low- to mid-rise buildings.
  • Gen3 products include innovative features and energy-efficient technologies.
  • Otis ONE IoT platform boosts maintenance and service quality.
  • The product line offers custom aesthetic options enhancing passenger experience.
  • Otis maintains a strong presence with over 2.4 million customer units worldwide.

Companies Mentioned

  • Schindler Group (SCHN.SW): Competes with Otis in the vertical transport market.
  • Kone (KNEBV.HE): Another major competitor in elevator solutions.
  • Thyssenkrupp AG (TKA.DE): A rival in escalators and elevator technology.

Corporate Developments

The developments fit within 'Corporate Developments' as they highlight Otis's commitment to innovative solutions and sustainability in the vertical transport industry. These advancements are crucial for maintaining competitive advantage in a growing market.

Otis Launches Gen3 Vertical Mobility Solutions for EMEA Markets

OTIS, a global leader in elevator and escalator manufacturing, installation, and service, has announced the launch of its Gen3 vertical mobility solutions tailored specifically for customers in Europe, the Middle East, and Africa (EMEA). The Gen3 platform features eight innovative products designed for low- to mid-rise buildings, incorporating the advanced Otis ONE™ IoT solution for enhanced connectivity and performance.

Comprehensive Gen3 Product Offerings

The Gen3 platform comprises eight premium connected products:

  • Gen3 Core™
  • Gen3 Peak™
  • Gen3 Edge™
  • Gen3 Flex™
  • Gen3 Switch™
  • Gen3 Home™
  • Gen3 Bedlift™
  • Gen3 Robusta™
Each product is engineered to meet varying travel heights, lifting capacities, and travel speeds, making them suitable for diverse applications.

Key Features and Customer Benefits

The Gen3 platforms offer several impactful features designed to enhance safety, reliability, and energy efficiency:

  • Safety: Each Gen3 elevator complies with the latest safety standards and includes the eView™ in-car display, allowing instant connection to the OTISLINE™ customer service center via secure digital calls.
  • Reliability: The standard Otis ONE™ IoT digital platform provides predictive maintenance and real-time health monitoring, ensuring improved uptime and service quality.
  • Energy Efficiency: The Gen3 design incorporates features like gearless machines that are 80% smaller and up to 50% more energy-efficient than traditional models, along with the ReGen™ drive technology which recycles energy typically lost as heat.

Next-Level Passenger Experience

Gen3 elevators aim to provide passengers with an unparalleled experience through:

  • Smooth and connected rides in customizable cabins.
  • eView™ in-car displays with personalized information, including building updates and weather forecasts, along with emergency connectivity.
  • A wide range of over 400,000 custom options via the Ambiance aesthetics line, allowing for modern design that complements any building style.

Expert Support from Otis

After installation, Otis ensures ongoing support for all customers. The team consists of highly trained technicians who focus on maintaining the elevators to ensure safety, efficiency, and reliability. Otis is committed to helping customers select the ideal connected elevator platform for their needs.

For more detailed information about the Gen3 platform, visit www.otis.com. Otis continues to lead in vertical mobility solutions, moving approximately 2.4 billion people daily while maintaining around 2.4 million customer units worldwide.

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