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KONE to improve People Flow in Brisbane shopping center

Press Release Published 04-05-2012

KONE Corporation, press release, April 5, 2012

KONE has won an order for 26 elevators and 20 escalators for the Indooroopilly Shopping Centre redevelopment project in Brisbane, Australia. KONE will also modernize the mechanical and electrical components of 10 escalators and four autowalks in the existing center. KONE's innovative and customized solutions will improve the flow of both people and goods within the shopping mall.

KONE was involved at the early stages of the project to create an optimal retail flow design to benefit the supermarkets, department stores and high-end shops as well as increase the convenience for shoppers. The eco-efficient solutions moving people around include 10 KONE S3000 MonoSpace® elevators for passengers, 14 KONE TravelMaster(TM) 110 escalators, which are especially designed for demanding commerical environments, as well as six KONE TravelMaster(TM) 115 inclined autowalks. To ensure the optimized flow of goods within the shopping center, there will be 16 KONE TranSys(TM) freight elevators, which accomodate roller cages and pallets for efficient restocking.

"We are excited that Brookfield Multiplex recognizes the value of our experience and expertise in creating the optimal People Flow in retail environments," says Noud Veeger, EVP and Area Director of KONE Asia Pacific.

Developed by Eureka Funds Management, the main contractor for the redevelopment is Brookfield Multiplex. The Indooroopilly Shopping Centre refurbishment is expected to be completed in mid-2014.

The order was booked in the first quarter of 2012.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.


www.kone.com

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