Otis selected to supply 127 Elevators and Escalators for Panama Metro Line 3

Otis (NYSE: OTIS), the world’s leading company for elevator and escalator manufacturing, installation and service, has been awarded a contract to supply and install 127 units for Line 3 of the Panama Metro, including more than 40 Gen2^® elevators and 85 escalators.

"Otis is proud to once again provide reliable, safe and efficient transportation for the Panama Metro, continuing its multi-year, support of this historic and expanding infrastructure project," says Eduardo Borges, General Manager of Otis Mexico and Central America.

In 2012, Otis was commissioned to design, manufacture, supply, install, test, commission and maintain the 40 elevators and 130 escalators for Line 1. Subsequently, in 2016, Otis was chosen to supply 65 elevators and 132 escalators for Line 2 - plus 3 elevators and 6 escalators for its extension - transporting more than 200,000 people daily.

"The excellent work of our team allowed us to successfully complete the Line 1 and 2 projects, and it is with this same commitment to excellence that we will deliver our equipment to Line 3, the Panamanian population and all passengers who travel across this 34km stretch. For me, it is an honor to be part of this great project that positively impacts the lives of many people and makes travel easier," adds Otis Panama General Manager Stancy Guerrero.

About the equipment
The Otis Gen2 family of elevators revolutionized the industry by replacing conventional steel cables with polyurethane-coated flat belts. Gen2 elevators provide a smoother and quieter ride for passengers compared to conventional elevator systems. The compact control can be installed next to the upper floor door while the motor remains in the elevator shaft, eliminating the need for a separate machine room.

These elevators also feature the ReGen^TM regenerative drive, which can reduce energy consumption by up to 75% compared to conventional systems with non-regenerative drives, reducing the impact on the subway's electrical system.

The 515NPE public escalator was designed to serve large urban transportation hubs, including subways, and enables an efficient, reliable and safe travel experience. The escalators are also equipped with a frequency inverter that allows them to adapt to varying passenger flows at different times.

About Otis
Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2 billion people a day and maintain more than 2.1 million customer units worldwide – the industry's largest Service portfolio. You’ll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis has ~68,000 employees, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and users in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.