Otis to Provide Vertical Mobility Solutions for Singapore's Cross Island Line Phase 1 and Punggol Extension

Otis has been selected by the Land Transport Authority to provide 336 escalators and moving walkways, as well as 186 Gen3 elevators, for the Cross Island Line Phase 1 and Punggol Extension of the Singapore Mass Rail Transport. The project aims to enhance connectivity and convenience in Singapore's public transport network. Otis has extensive experience in infrastructure projects and will provide safe, reliable, and durable systems to meet the demands of high-traffic environments.

Otis (NYSE: OTIS), the global leader in elevator and escalator solutions, has been selected by the Land Transport Authority (LTA) to provide 336 escalators and moving walkways, as well as 186 Gen3 elevators, for the Cross Island Line Phase 1 and Punggol Extension of the Singapore Mass Rail Transport (MRT). This significant contract underscores Otis's extensive experience in infrastructure projects and its commitment to delivering safe, reliable, and durable systems to meet the demands of high-traffic environments.

The Cross Island Line, set to be the longest fully underground MRT line in Singapore, will connect major hubs including the Jurong Lake District, Punggol Digital District, and Changi regions. The project aims to enhance connectivity and convenience within Singapore's public transport network. Otis's advanced technology, including the Gen3 connected elevator platform integrated with the Otis ONE™ IoT digital platform, will be utilized to ensure real-time monitoring and predictive maintenance, contributing to more reliable operations and less downtime.

Otis's selection for this project builds on its established relationship with Singapore's LTA, having previously installed and maintained vertical transportation systems across six other MRT lines in Singapore. The company's extensive experience in infrastructure projects, coupled with its innovative mobility solutions, has proven instrumental in securing this new contract.

The contract's value was not disclosed, but the volume of units ordered—336 escalators and moving walkways, and 186 Gen3 elevators—indicates a substantial revenue contribution. This deal also enhances Otis's installed base in Singapore, directly feeding into its higher-margin service business model. The company's service portfolio, already the industry's largest at 2.4 million units, will grow further, creating a reliable stream of recurring maintenance revenue for decades.

The Gen3 elevator platform, which includes the Otis ONE™ IoT digital platform, provides predictive maintenance capabilities. This technology differentiation likely gave Otis a competitive edge in the bidding process against rivals like Schindler, Kone, and TK Elevator. Singapore's emphasis on reliability and uptime in public infrastructure aligns perfectly with Otis's IoT-enabled service approach.

Otis's commitment to innovation and its proven track record in infrastructure projects position the company well to continue contributing to Singapore's urban development and the enhancement of its public transport network.

References:
[1] https://www.stocktitan.net/news/OTIS/otis-chosen-to-help-connect-singapore-on-cross-island-line-phase-1-1zngqdkb3nff.html
[2] https://www.prnewswire.com/news-releases/otis-chosen-to-help-connect-singapore-on-cross-island-line-phase-1-and-punggol-extension-302533578.html
[3] https://www.marketscreener.com/news/otis-chosen-to-help-connect-singapore-on-cross-island-line-phase-1-and-punggol-extension-ce7c51d2dd8df12c