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KONE ramps up involvement for Shanghai's 2010 World Expo

Posted on: Mon, 21 Sep 2009 02:51:00 EDT

Symbols: KOBFF

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Sep 21, 2009 (Hugin via COMTEX) --
KOBFF | Quote | Chart | News | PowerRating -- KONE Corporation, press release, September 21, 2009

KONE, an innovative solutions provider in the elevator and escalator
industry, will supply over 30 elevators and 30 escalators for a
variety of pavilions involved in the Shanghai 2010 World Expo. Until
now, KONE's participation in the World Expo includes equipment for
the pavilions of Spain, Australia, Finland, and Hong Kong as well as
the Shanghai World Expo Performing Arts Center, Pudong's Logistics
Center Equipment, the National Grid Enterprise Pavilion and the
Expo's Information and Communication Pavilion.

Further increasing its involvement in the Shanghai 2010 World Expo,
KONE also announces that it will be a National Partner for the
Finnish Pavilion. As part of the partnership, KONE will be providing
a custom-made elevator for the pavilion, which will be play an
integral part in the pavilion's high-tech look and feel. Combining
innovative technologies and cutting-edge design, the elevator will
serve both as an exhibition object as well as a fully functioning
elevator for the pavilion.

"Following KONE's successful involvement in the 2008 Beijing Olympic
installations, we are very proud to be part of an international event
of this caliber once again," says Matti Alahuhta, President & CEO,
KONE. "The World Expo's theme, 'Better City, Better Life',
corresponds with KONE's strategic vision of providing energy
efficient and user friendly people flow solutions for an increasingly
urbanized world."

Being held between May and October 2010, the World Expo in Shanghai
is expected to attract over 70 million visitors from around the
globe. Over 200 countries and international organizations are
expected as exhibitors, marking next year's World Expo as the largest
in Expo history.

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)204 75 4787

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SOURCE: KONE Oyj

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