On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...

The OTIS ELEVATOR COMPANY can trace its origins to 1853, when Elisha Graves Otis introduced the first safety passenger elevator at the Crystal Palace Convention in New York City. His invention ...

Otis elevators are in the Burj Khalifa in Dubai, the world’s tallest building at 2,722 ft. Image © Emaar properties. But it was Otis' elevator that would allow for ...

Otis India, a subsidiary of Otis Worldwide Corporation which is into manufacturing, installation and servicing of elevators and escalators, has announced the introduction of Modular Series offering ...

When Otis Elevator Co. spins out from United Technologies in 2020 (probably happening sometime in April 2020), it will immediately catapult into the Fortune 500 with a valuation of $29 billion, $13 ...

Forbes contributors publish independent expert analyses and insights. Wayne Rash is a technology and science writer based in Washington. One kink in the return to work since the Covid-19 pandemic ...

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...

The manager of the Otis Elevator plant in South Carolina says his facility probably needs to expand beyond 700 employees. Otis Florence plant manager Brad Selleck did not give specifics when he spoke ...

Bloomington city officials say it appears an Otis Elevator Co. plant with about 200 workers will be closing next year. The Farmington, Conn.-based company hasn't yet made an announcement about its ...

With the expansion of 50,000 screens distributed in buildings across southwestern Europe and parts of Africa, ICARO will now operate one of the largest digital media networks in the industry, set to ...

The president of Otis elevator has resigned, parent company United Technologies Corp. said Thursday. Philippe Delpech, who held the top job since 2015, is taking “another opportunity” in Europe, UTC ...