On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...
The manager of the Otis Elevator plant in South Carolina says his facility probably needs to expand beyond 700 employees. Otis Florence plant manager Brad Selleck did not give specifics when he spoke ...
Otis elevators are in the Burj Khalifa in Dubai, the world’s tallest building at 2,722 ft. Image © Emaar properties. But it was Otis' elevator that would allow for ...
Farmington elevator manufacturing and maintenance company Otis Worldwide Corp. says it's acquired a Massachusetts-based elevator company in an effort to expand its Northeast footprint. Otis on Monday ...
Otis Worldwide Corporation OTIS launched the new Gen3 Core elevator under the Gen3 umbrella. The digitally native elevator is designed explicitly to fit in with North America's growing demand for ...
We’ve lifted our fair value estimate for Otis Worldwide OTIS by 30% to $95 per share following a transfer of coverage and a fresh look at our long-term thesis. We are more positive on the secular ...
Forbes contributors publish independent expert analyses and insights. Wayne Rash is a technology and science writer based in Washington. One kink in the return to work since the Covid-19 pandemic ...
- Acquisition adds to the company's industry-leading maintenance portfolio of more than 2M units. FARMINGTON, Conn., Aug. 17, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has acquired ...
When Otis Elevator Co. spins out from United Technologies in 2020 (probably happening sometime in April 2020), it will immediately catapult into the Fortune 500 with a valuation of $29 billion, $13 ...
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