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2016-01-15

KONE OYJ: Lendlease appoints KONE to supply elevators for The International Quarter development in Stratford City, London

KONE Corporation, press release, January 15, 2016

KONE Corporation, one of the global leaders in the elevator and escalator industry, has been appointed by developer Lendlease as the contractor to supply and install 26 elevators to Buildings S5 and S6 at The International Quarter (TIQ) development in Stratford, London. Renowned architecture firm Rogers Stirk Harbour + Partners has designed the project as part of the Queen Elizabeth Olympic Park regeneration following on from the London 2012 Olympic Games. The project is creating London's fourth business district.

KONE will deliver both goods and passenger elevators including the award-winning KONE MonoSpace® and KONE MiniSpace(TM) units. Some of the elevators will also feature the KONE Polaris(TM) Destination Control System to increase handling capacity, reduce waiting times for passengers and ensure smooth people flow inside the buildings. KONE will begin installation in June 2016 and the project is set to be completed by late 2017.

"The development of Stratford and the Queen Elizabeth Olympic Park has already transformed East London. We are very pleased and proud to be part of this next phase in its development and expansion with Lendlease," says Noud Veeger, Executive Vice President, Central and North Europe, KONE. "With its excellent public transport connections, The International Quarter will be a great showcase on how to further develop and expand an already vibrant city."

The new development will provide new homes, retail, a hotel, community facilities and 4 million square feet of commercial office space across two sites, TIQ South and TIQ North. This is the first phase of a significantly larger development of the Queen Elizabeth Olympic Park in Stratford.
The order was booked in fourth quarter of 2015.
Previous press releases on KONE's orders are available at www.kone.com/press, including:
June 13, 2014:KONE to improve people flow at London Bridge railway station
April 17, 2014:KONE secures maintenance contract extension for Heathrow Airport elevators, escalators and autowalks
January 16, 2014:KONE to provide eco-efficient elevators to the Nova, Victoria in London
For further information, please contact:

Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330.media@kone.com
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 2014, KONE had annual net sales of EUR 7.3 billion and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
www.kone.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KONE OYJ via Globenewswire

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