2018-03-15 KONE wins order for Eglinton Crosstown project in Toronto Light Rail expansion (3)

KONE Corporation, press release, March 15, 2018

KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide energy-efficient KONE MonoSpace® 700 elevators for the Eglinton Crosstown Light Rail Transit (LRT) project owned and designed by Metrolinx and operated by the Toronto Transit Commission in Canada.

Construction of the new line's 25 stations is expected to begin in June 2018. Substantial completion is projected for December 31, 2021, with stations opening in 2022.

"KONE is honored to play a part in the expansion and enhancement of this vitally important transportation system in Toronto, which will improve the flow of urban life in Canada's largest city," says Larry Wash, executive vice president, KONE Americas.

KONE solutions to be installed in 16 of the expansion's 25 stations include 51 KONE MonoSpace® 700 elevators.

Project architect is Crosslinx Transit Solutions Design, a joint venture of SNC-Lavalin Inc. & IBI Group. General contractor is Crosslinx Transit Solutions Constructors, a partnership of SNC-Lavalin Constructors (Pacific) Inc., Dragados Canada Inc., EllisDon Civil Ltd. and Aecon Infrastructure Management Inc.

The order was booked in the third quarter of 2017.

For further information, please contact:

Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com

Read more:

Previous global press releases are available at www.kone.com/press

Previous press releases from KONE Americas are available at www.kone.us/stories-and-references/press-releases including:

September 19, 2017: KONE JumpLift(TM) Technology Delivering Productivity Gains on Sealles High-Rise Project

April 11, 2017: KONE JumpLift(TM) Makes U.S. Debut in Hyatt Regency Seattle

February 7, 2017: KONE Wins Order for High-Rise Development in Dallas

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 2017, KONE had annual net sales of EUR 8.9 billion, and at the end of the year over 55,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.