ABOUT SCHINDLER ELEVATOR

Headquartered in Morristown, New Jersey and employing more than 6,000 people in more than 245 locations, Schindler Elevator Corporation is the North American operating entity of the Swiss-based Schindler Group, Europe's largest and the world's second largest elevator company. The company is the world's leading supplier of escalators.

Schindler designs, manufactures, installs, maintains and modernizes internal transport systems for almost every type of building requirement worldwide. The company specializes in latest-technology engineering, mechanical and micro-technology products designed and rigorously tested for comfort, efficiency and reliability.

Schindler's U.S. growth strategy was initiated in 1979 after acquiring Haughton Elevator Company in Toledo, Ohio. In 1989, Schindler obtained the elevator and escalator business of Westinghouse Electric Corporation and quadrupled its presence in the North American vertical transportation industry. Since then, Schindler has acquired the Idaho-based Hobson Elevator Company and most recently the Shreveport-based Tri-State Elevator Company. Both acquisitions occurred in 1998.

Schindler products can be found in many well-known buildings throughout North America including office buildings, airports, shopping centers/retail establishments, and specialty buildings.

For more information, please visit our website at www.us.schindler.com