Forbes Selects Schindler as One of World’s Most Innovative Companies

MORRISTOWN, NJ, October 29, 2012 – Schindler Holding has been ranked as one of the 100 most innovative companies in the world by the leading American business magazine, Forbes. Schindler joined firms such as Amazon, Apple, and Google on the prestigious list, which ranks companies according to a metric called the “Innovation Premium”.

Forbes uses this metric to measure the premium the stock market has placed on the value of a company based on expectations of future innovations including new products, services and markets that will drive the business into the future. The Forbes ranking demonstrates that innovation is one of the key factors to Schindler's success.

“This honor is a reflection of Schindler’s unwavering drive to continuously set new standards in the elevator industry with our innovative technology,” said Bill Fiacco, president, Sales & Marketing for Schindler North America. “We promote a concept of ‘mobility for all,’ designing systems that ensure everyone has accessibility to buildings and services, including destination-based and personal service technologies that address the changing needs of a modern world.”

Track Record of Innovation
Particularly in the area of sustainability and energy efficiency, Schindler has a long tradition of developing technologies that safely transport more people with less energy than ever before. A few strong examples of these industry-leading innovations include:

• The PORT Technology, the industry-leading destination-dispatch elevator system, features an intuitive touch-screen communication system that is interconnected throughout a building, identifying and guiding passengers on the fastest route to their destination
• Schindler 3300 machine room-less elevator (MRL), the first MRL elevator in the industry specifically designed for the low-rise commercial and multi-unit residential market, offering performance up to 60% more energy efficient than hydraulic elevators and a 5% larger cab, creating more space and comfort
• Regenerative drives give energy back into a building’s energy system, AC and permanent magnet gearless machines reduce energy consumption and Soft Start packages for hydraulic elevators provide environmental and safety benefits such as motor overload protection, reduced energy consumption, increased elevator reliability and the elimination of audible noise pollution.
• In the field of maintenance, Schindler has created an innovative service delivery process called Service Excellence, which improves reliability and efficiency by integrating maintenance methods and scheduling technologies.

Solar Impulse Partnership
In March 2011, Schindler announced its partnership with Solar Impulse, a revolutionary project to fly around the world in a plane powered exclusively by solar energy. The partnership puts Schindler at the forefront of worldwide efforts to develop future technologies facilitating clean and sustainable mobility.

This partnership also gives Schindler access to engineers, researchers and technical experts from leading technology firms, and the ability to apply the valuable insights gained from this cooperation to its own future technological developments.

About Schindler Elevator Corporation
Schindler Elevator Corporation is the North American operation of the Switzerland-based Schindler Group, a leading global mobility provider with approximately 44,000 employees operating in more than 100 countries. Schindler supports sustainable urban development with safe, reliable and ecologically sound mobility solutions and its equipment moves one billion people every day all over the world. In 2011 and 2012, Schindler was named one of Forbes Magazine’s 100 Most Innovative Companies, and two of the company’s products received the 2011 Architectural Products’ Product Innovation Award.