KONE wins order for Neva Towers in Moscow, Russia

KONE Corporation, press release, April 26, 2017

KONE Corporation, a global leader in elevator and escalator, has won an order for Neva Towers, a modern mixed-use development located on the Presnenskaya Embankment in the center of Moscow, Russia. The building houses residential and office space and will accommodate in total nearly 4000 daily guests and residents.

Neva Towers represents the latest in modern city-living with the residential towers boasting facilities such as private squash courts, a private music studio, a panoramic pool in a private rooftop garden, a fitness centre, a private spa, a private cinema, and a virtual golf course. The two towers will be 289m and 337m high, and they will offer breath-taking views to the Moscow City district. The building podium is reserved for office space. The design and construction are being carried out in compliance with LEED standards.

To optimize the movement of people in the building, KONE is equipping the residential towers with KONE Destination Control System. The system uses artificial intelligence to learn and forecast the building's traffic flow resulting in increased elevator capacity and shorter journey times for passengers. Other solutions include 33 KONE MiniSpace® elevators traveling at the speed of up to 8m/s, and 18 KONE MonoSpace® elevators installed in the building podium which is reserved for office premises.

"With a population of over 12 million, Moscow is the world's northernmost megacity and the wealthiest metropolitan in the Russian Federation. We're proud to be part of the city's newest iconic architectural high-rise landmark," says Klaus Cawén, Executive Vice President, KONEs.

Neva Towers is developed by Renaissance Development and built by Renaissance Construction. The building is designed by SPEECH, one of the leading architectural firms in Russia. The project is due for completion in 2020.

The order was booked in the first quarter of 2017.

Previous press releases on KONE's orders are available at www.kone.com/press, including:

March 21, 2017: KONE wins order for twin tower complex, Indonesia1 in Jakarta, Indonesia January 23, 2017: KONE to equip a new urban center in Helsinki, Finland May 30, 2016: KONE wins order for tower complex in Beijing's Lize Financial Business District For further information, please contact: Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330, 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