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GlobeNewswire (Europe)
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KONE OYJ: First KONE UltraRope in the UK to be installed in South Quay Plaza, a residential tower in London

KONE Corporation, press release, January 17, 2018

KONE Corporation, a global leader in the elevator and escalator industry, has won an order to equip South Quay Plaza, a residential development on London's Isle of Dogs. Once completed, South Quay Plaza will be one of the tallest residential buildings in Europe and the tallest building the Berkeley Group have developed.

Overlooking the Canary Wharf financial district, South Quay Plaza is the first of three towers in the development, the tallest of which will reach a height of 220 meters and have 68 floors. South Quay Plaza will provide a total of over 1,200 new homes and 2.6 acres of landscaped gardens. It will also include retail, café, and restaurant space. The development will involve the demolition of existing buildings on the site, including a 1980s office block.

"South Quay Plaza is set to become a truly unique urban oasis in the heart of one of London's key business districts. We are proud that our safe, reliable and energy-saving solutions can help make this residential development a thriving example of sustainable high-rise living," says Thomas Hinnerskov, KONE's executive vice president for Central and North Europe.

KONE will deliver six KONE MiniSpace elevators, two KONE MonoSpace 700 elevators, and a KONE Destination Control System to the development. To meet the needs of a world-class high-rise development, KONE will equip South Quay tower's elevators with KONE UltraRope hoisting technology, which will provide unrivalled elevator eco-efficiency, reliability and durability, while also improving elevator performance. South Quay Plaza will become the first high-rise project in Europe to be equipped with KONE UltraRope, which eliminates the disadvantages of the much heavier traditional steel ropes, and enables elevator travel heights of up to 1,000 meters.

"We are very excited to work on this ambitious project, which will become an elegant jewel in London's skyline. KONE's innovative UltraRope technology makes it possible for residential buildings to rise to new heights as cities grow upwards. At the same time, the new, lighter technology leads to lower energy consumption and an improved people flow experience," says Sascha Brozek, head of KONE's Major Projects.

Scheduled for completion in 2022, South Quay Plaza is developed by Berkeley Homes and designed by architect firm Foster + Partners.

The order was booked in the third quarter of 2017.

Read more:

KONE UltraRope (http://download.kone.com/ultrarope/index.htm)

Previous press releases are available at www.kone.com/press (http://www.kone.com/press) including:

June 20, 2016: KONE to upgrade elevators at global law firm in London, UK (http://www.kone.com/en/media/releases/kone-to-upgrade-elevators-at-global-law-firm-in-london--uk-2016-06-20.aspx)
January 15, 2016: Lendlease appoints KONE to supply lifts for The International Quarter development in Stratford City, London (https://www.kone.co.uk/stories-and-references/press-releases/lendlease-appoints-kone-to-supply-elevators-for-the-international-quarter-development-in-stratford-city--london-2016-01-15.aspx)
December 22, 2015: KONE to deliver passenger elevator to reach 400m deep underground nuclear waste storage in Finland (http://www.kone.com/en/media/releases/kone-to-deliver-passenger-elevator-to-reach-400m-deep-underground-nuclear-waste-storage-in-finland-2015-12-22.aspx)

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com (mailto:media@kone.com)

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com (http://www.kone.com)




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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