KONE to supply elevators for world's tallest twisting skyscraper in Dubai

KONE Corporation, press release, June 10, 2009 KONE won an order to supply eight customized high-rise elevators for the new Infinity Tower in Dubai, United Arab Emirates. Three of the elevators will travel at a speed of 8 m/s across a maximum travel of 271 meters. The installation of the equipment will start in 2010 and is estimated to be completed in 2011. With 330 meters and 75 floors, the Infinity Tower will be the highest twisting building in the world. It will be located in the Dubai Marina and will provide unobstructed views over the surrounding The Palm Jumeirah and the Arabian Gulf. In addition to the building's impressive profile, designed by Skidmore Owings and Merril, this residential skyscraper will provide its residents with a wide range of sports, conference and retail facilities. Due to the challenging profile of the building, the elevator shafts take an unconventional circular shape, which required KONE to use its expertise in designing customized solutions to serve the people flow needs of the tower. In addition, KONE's pioneering EcoDisc® hoisting machine helped to solve the requirements of the high vertical travel combined with limited space for machine rooms. "We are very delighted to be associated with Cayan Investment and Development, the developer for this project. This project confirms once again our valued partnership with Arabtec Construction Co, the main contractor for the Infinity Tower, and one of our most valuable customers in the Middle East," says Eric Maziol, KONE EVP and Area Director for South and West Europe and the Middle East. About KONE 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 its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. www.kone.com For further information, please contact: Anne Korkiakoski, Executive Vice President, Marketing & Communications, tel. +358 (0)50 674 11 This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.