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KONE Wins Contract to Modernize Washington D.C. Metro Escalators

Press Release Published 02-28-2013

KONE Inc., press release, February 28, 2013

KONE Inc. has been awarded a contract by the Washington Metropolitan Area Transit Authority (WMATA) to replace 128 escalators at 34 stations throughout Washington, D.C.'s Metro transportation system. The contract is part of WMATA's multi-year capital improvement program known as Metro Forward. KONE was selected through a procurement process which took into consideration KONE's technical excellence and expertise providing replacement solutions for the mass transit segment.

Under the agreement, KONE will replace up to 128 outdated escalators with KONE's industry leading heavy-duty Transit Escalators, designed to meet the needs of highly demanding public areas and featuring the latest in eco-efficient technology, safety, and reliability

"We are honored to have been chosen to work on this major renovation, which will improve escalator reliability across the Metro system for years to come," said Larry Wash, KONE EVP and Area Director for the Americas. "Our energy-efficient solutions and expertise in the mass transit segment will ensure the system will receive the significant renovations it needs, while minimizing potential disruption for passengers."

The order was booked in the first quarter of 2013 and is expected to be completed by 2020.

For further information, please contact:
Patrick O'Connell, Director, Marketing and Communications, KONE Inc., tel. +1 317 374 4960

About KONE:

KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8,6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

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