23 Facts About Otis Elevator

Otis Elevator pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.

Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.

In 1852, Elisha Otis invented the safety elevator, which automatically comes to a halt if the hoisting rope breaks.

Otis Elevator Company was founded in Yonkers, New York, in 1853 by Elisha Otis.

In 1867, Otis Elevator opened a factory in Yonkers, New York, the city where the company was founded.

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Otis Elevator was acquired by United Technologies in 1976 and became a wholly owned subsidiary.

Also in 1981, Otis signed a business agreement with an elevator company in China and Francois Jaulin became president.

Otis Elevator has dabbled in horizontal automated people-mover "shuttle" systems, such as the Otis Elevator Hovair.

In 1996, Otis Elevator formed a joint venture called "Poma-Otis Elevator Transportation Systems" with the French company Pomagalski to promote these products.

Otis Elevator Company purchased Evans Lifts in the UK when Evans Lifts Ltd went bankrupt in 1997 during its merge with Express Lift Company with the name ExpressEvans.

In 1999, Otis Elevator acquired CemcoLift, Inc, located in Hatfield, Pennsylvania.

In 1910, Otis installed the first hydraulic elevator for transporting money at the Bank of Chosun, and installed the first elevator for passengers on the Korean Peninsula at a railway hotel.

In 2000, LG-OTIS founded Sigma Elevator and used Sigma brand to replace LG-OTIS, LG and Goldstar Brand at Overseas .

In 2011, Otis acquired its competitor Marshall Elevator for an undisclosed amount.

In October 2013, Otis won its biggest ever contract to date, to supply 670 elevators and escalators to the Hyderabad Metro.

In 2015, Otis Elevator had to slow its expansion in Asia after orders in the region started to drop.

In January 2018, Otis inaugurated the installation of the world's longest double-deck elevator in the 555-meter Lotte World Tower in Seoul.

In 2019, Otis Elevator geared up its artificial intelligence technology by capitalizing on predictive technologies.

In 1992, an Otis Elevator trainee died on the job due to orders to violate workplace safety protocols.

In 1998, two Otis Elevator workers died on the job in separate incidents in Mumbai.

In 2001, due to a dated design flaw, 8-year-old Tucker Smith was crushed to death by an Otis Elevator after becoming trapped in the gap between the outside door and the inside gate.

Competitors ThyssenKrupp, Schindler Group, KONE, and Mitsubishi Otis Elevator Europe were fined for participating in the same cartel.

Inspection of the gear boxes of several Otis Elevator escalators revealed unexpected rust and heavy wear.