Otis Worldwide Corporation is a leading manufacturer and service provider of elevators, escalators, and moving walkways. The company has a rich history dating back to 1853 when it was founded by Elisha Otis in the United States. Elisha Otis invented the safety elevator, which revolutionized the vertical transportation industry by incorporating a safety brake to prevent freefall in the event of a cable failure.
Otis Worldwide designs, manufactures, installs, and maintains a wide range of elevators and escalators for various applications, including residential, commercial, and industrial buildings. The company's products are known for their reliability, efficiency, and innovative features, providing safe and convenient transportation solutions for people and goods.
As a global company, Otis operates in more than 200 countries and territories worldwide. The company serves diverse markets, including urban centers, airports, hospitals, shopping centers, and residential complexes. Otis has a strong focus on technology and continuously invests in research and development to introduce new and advanced products that meet the evolving needs of its customers.
Otis' crowning product is the Gen2® elevator system. This system incorporates advanced technologies and design elements that enhance performance, energy efficiency, and passenger comfort. The Gen2® system utilizes a flat-belt technology that eliminates the need for traditional steel cables, resulting in a smoother and quieter ride. Additionally, it incorporates energy-saving features such as regenerative drives that capture and reuse energy generated during operation.
Otis Worldwide is listed on the New York Stock Exchange under the ticker symbol "OTIS." In 2020, the company separated from United Technologies Corporation (now Raytheon Technologies) and became an independent publicly traded company. With a strong global presence and a commitment to innovation, Otis continues to lead the industry in providing safe and efficient vertical transportation solutions for buildings of all types and sizes.