Core Insights - Otis is launching new flexible modernization solutions, Arise™ MOD Prime and Arise™ MOD Plus, aimed at upgrading outdated elevator systems in Europe, particularly in low- to mid-rise residential and commercial buildings [2][4][10] - The modernization packages allow customers to control the upgrade process in phases, aligning with their budget and operational needs [4][7][8] Company Overview - Otis is recognized as the world's leading elevator and escalator manufacturing, installation, and service company, moving approximately 2.4 billion people daily and maintaining around 2.4 million customer units globally [3][10] - The company employs 72,000 people, including 44,000 field professionals, and operates in over 200 countries and territories [10] Product Features - The Arise™ MOD solutions enhance elevator safety and efficiency, complying with the latest European safety standards [7][8] - Energy consumption can be reduced by up to 50% compared to legacy non-regenerative geared systems and up to 75% compared to hydraulic systems through the use of Otis ReGen™ drive technology [8] - The modernization packages include advanced features such as improved elevator control systems, new geared machines, and enhanced ride quality options [8][12] Customer Benefits - Customers can choose the level, cost, and pace of modernization, allowing for informed decision-making and phased planning [7][8] - Otis provides expert guidance to help customers select the best solutions for their specific building needs [8] - The new systems aim to minimize unplanned disruptions and reduce the frequency of repairs and shutdowns [4][8]

Core Viewpoint - The Otis Made to Move Communities program focuses on empowering students to develop STEM-based mobility solutions to address challenges posed by natural disasters, enhancing workforce readiness and innovation in the elevator and escalator industry [3][4][11]. Group 1: Program Overview - The Made to Move Communities program is a global initiative that engages students in creating solutions for real-world mobility issues, particularly in the context of natural disasters [10][11]. - Since its inception in 2020, the program has reached over 1,000 students and provided more than $1.25 million in grants to support STEM education in schools worldwide [2][12]. Group 2: Participation and Impact - This year, over 200 students from 25 schools across 18 countries and territories will participate, working alongside more than 150 Otis mentors [6][12]. - The program encourages students to explore real-world challenges related to mobility and develop innovative solutions, fostering skills such as empathy, teamwork, and problem-solving [8][9]. Group 3: Focus on Natural Disasters - The theme of natural disasters for this year's program aligns with the increasing frequency and intensity of such events, which have reportedly increased at least five-fold over the past fifty years [13][14]. - The initiative aims to inspire students to leverage STEM solutions to build more resilient communities and support first responders during disasters [6][14].

Core Insights - Otis Worldwide Corporation will provide and install 76 elevators at the Riverside Crescent project by Sobha Realty, which is a luxury real estate developer [1] - The elevator systems include 50 Otis Skyrise®, 12 Otis Arise™, and 14 machine-roomless Otis Gen2® elevators, aimed at enhancing tenant living experiences [1] Company Overview - Otis is a global leader in elevator and escalator manufacturing, installation, and service, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide [6] - Sobha Realty is a leading backward-integrated real estate developer based in Dubai, known for setting quality benchmarks in the industry with over 50 years of experience [5] Project Details - The Riverside Crescent project is located in Sobha Hartland II and features 6 high-rise residential towers, each reaching 71 stories and 249 meters in height [3] - The elevators will operate at speeds up to 6 m/second and are equipped with EMS Panorama™ 2.0 for enhanced control and visibility [3] Strategic Collaboration - Sobha Realty emphasizes safety and quality in project development, and the collaboration with Otis reflects a commitment to innovation and reliability [4] - Otis has been serving the UAE for over 50 years, aligning its commitment to safety, innovation, and quality with Sobha Realty's vision for the Riverside Crescent [4]