ThyssenKrupp Elevator Awarded Exclusive Freedom Tower Contract

    DALLAS, October 11 /CNW/ - The contract to install and maintain all 71
elevators and nine escalators in the Freedom Tower in New York City is one of
the biggest in the history of ThyssenKrupp Elevator, one of the world's
leading manufacturers, installers and service providers of vertical and
horizontal transportation technology.

    Freedom Tower is under construction at the site of the former World Trade
Center, and is scheduled to be complete in December 2011. The fastest
elevators in the building will reach speeds of up to 1800 feet per minute.
When the project is complete, Freedom Tower will reach 1,776 feet and stand
105 stories.

    "We are proud to be a partner in this historic Freedom Tower project,"
said Barry Pletch, CEO of ThyssenKrupp Elevator Americas Business Unit. "We
will draw on our extensive high-rise experience to provide elevators and
escalators that surpass safety standards and that provide passengers with the
most innovative technology and design available."

    "ThyssenKrupp Elevator was selected for this monumental project based our
competitive responses and attention to detail during four rounds of
evaluations," says Bill Gooding, Regional President of New York, New Jersey
and Pennsylvania, ThyssenKrupp Elevator Americas Business Unit. "Our team is
well-equipped to handle this contract."

    ThyssenKrupp Elevator still manufactures the major components of all
elevators to ensure their strict standards are met. The $150 million contract
includes 64 gearless and six machine-room-less elevators as well as one geared
elevator and nine escalators.

    Freedom Tower was designed by Studio Daniel Libeskind. Construction began
in 2006.

    About ThyssenKrupp Elevator

    ThyssenKrupp Elevator is one of the leading elevator companies in the
world and represented at over 800 locations in more than 60 countries. With
more than 36,000 employees, the company generated sales of around 4.3 billion
euros in the fiscal year to September 30, 2006. Products include passenger and
freight elevators, escalators and moving walks, stair and platform lifts,
passenger boarding bridges as well as quality service for all products. In
North America, the company is the largest elevator manufacturer. Over 12,000
employees at more than 200 branch and service locations manufacture, install,
modernize and service people transportation systems in all kinds of buildings.

For further information:

For further information: ThyssenKrupp Elevator, America's Business Unit
Stuart Prior, 972-624-7170 COO of Latin and South America EVP Product Sales
and Marketing or Richards Partners Mary
Montgomery, 214-891-7634

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