Otis Worldwide

OTIS is a manufacturer and service provider of elevators, escalators, and moving walkways.Otis is a manufacturer, installer, and maintainer of elevators, escalators, and moving walkways - a constant, reliable name for more than 150 years. They are dedicated to connect people and places that matter.

1853: Armed with two unsolicited $300 elevator orders, Otis opened his own factory in Yonkers on September 20, 1853. Otis was founded in 1853 after Elisha Otis invented the elevator safety brake, giving rise to the modern city, transforming how people live and work, and revolutionizing architecture.

1856: By the end of 1856 he had sold more than 40 elevators, all for use in carrying freight.

1857: It seems the stunt worked - in 1857 the first Otis passenger elevator was installed at 488 Broadway.

1861: Understand/appreciate the expansion of the Otis company after the death of E.G. Otis in 1861 by his two sons into a multi-million dollar industrial concern;

1872: By 1872 the company had built more than 2,000 steam-powered elevators and taken in more than a million dollars.

1878: In 1878 Otis introduced a faster, more economical hydraulic elevator.

1880: The first electric elevator was built by the German inventor Wener Von Siemens in 1880.

1887: In 1887, an electric elevator with automatic doors that would close off the elevator shaft was patented.

1889: In 1889, the first commercially successful electric elevator was installed.

1892: In 1892, the earliest working type of escalator was patented by Jesse W. Reno.

1897: In 1897 first commercial moving staircases escalator was made by Charles Seeberger in cooperation with the Otis Elevator Company.

1898: The Otis Elevator Co. was formed in 1898 from the $11 million merger of Otis Brothers & Co. and 14 other elevator companies.

1902: Otis started buying established firms overseas as early as 1902. Specifically, the development by Otis of the Gearless Electric Traction Elevator (in 1902) and its impact on the skyline of cities around the world will be of great interest.

1903: In 1903-04 Otis introduced the gearless-traction electric elevator, a design that remains essentially unchanged today.

1915: In 1915 the company introduced a self-leveling device that allowed the elevator platform to stop exactly at floor level.

1922: To offset slow sales during recessions, Otis began selling contracts to service and maintain its installations in 1922.

1924: A push-button system introduced in 1924 made stops and speed automatic rather than at the option of the operator.

1927: 1927 CHARLES LINDBERGH LUCKY SPIRIT OF ST. LOUIS SILVER COLLECTIBLE TOKEN$36.95+ $5.00 shipping+ $5.00 shipping+ $5.00 shippingSeller 100% positiveSeller 100% positiveSeller 100% positive

1929: Net income reached nearly $8.4 million by 1929 before dipping sharply with the advent of the Great Depression.

1948: In 1948 Otis introduced the improved Autotronic system for commercial installations.

1955: Toward the end of 1955 Otis began producing automatic bowling pinsetters.

1956: In 1956 it did some $20 million worth of conversion work from manual to automatic.

1968: In 1968, a year after Otis installed 255 elevators and 71 escalators in New York City's newly completed World Trade Center, the company held nearly half the United States elevator market.

1969: In 1969 the company established the Diversified Systems Division to apply elevator and escalator technology to automated automobile-parking, container-handling, and warehouse systems.

1973: 1973 FRANKLIN MINT COMET KOHOUTEK 925 STERLING SILVER ART MEDAL 44.4mm$50.67$56.30previous price $56.30 10% off10% offprevious price $56.30 10% offFree shippingFree shippingFree shipping$8 off every 3 items$8 off every 3 items$8 off every 3 items

1974: Net sales reached a record $1.1 billion in 1974--more than half of which was generated overseas--and net income a record $43.5 million.

1975: United Technologies Purchases Otis in 1975

1976: In 1976 the company revealed to a federal agency that it estimated it had made between $5 million and $6 million in improper payments during the past five years, some of them to foreign government officials and employees.

1981: The Elevonic 401, introduced in 1981, was the first control system with synthesized speech, information display, and security systems.

1985: In 1985 an Otis people-mover system was introduced to connect Harbour Island and downtown Tampa, Florida.

1990: The Elevonic 411 system, introduced in 1990 for gearless elevators, was capable of modifying its software-based dispatching rules for more responsive elevator service. Otis had 24 percent of the world market for elevators and escalators in 1990, twice as large a share as its nearest competitor.

1993: In 1984, when Otis accounted for 20,000 of the 100,000 elevators sold in the world each year, the company signed a joint venture to build elevators in China; a decade later, it had three Chinese joint venture plants. It opened its first major manufacturing plant in Southeast Asia--in Malaysia--in 1993.

1994: The first Otis elevator system incorporating fuzzy logic modules was installed at the Hyatt Osaka Regency Hotel in Osaka, Japan, which opened in 1994. In 1994 Otis's revenues of $4.64 billion comprised nearly 22 percent of UTC's total revenue, while its operating profits of $421 million were more than 27 percent of the parent company's total.

1999: In what at first glance might seem an incongruous marriage for a traditional manufacturer, Otis turned to the Internet in 1999.

2000: 2000: Gen2 belt-driven elevator is introduced.

We give people freedom to connect and thrive in a taller, faster, smarter world.