There are more than 1 million elevators in use across the U.S. and Canada, including many that are at least 20 years old – posing a risk of operational challenges and frustration for building owners ...

In a settlement with the family of an 8-year-old boy who was crushed to death in a 1929 elevator, Otis Elevator Co. on Thursday promised to retrofit its old elevators with a safety guard and publicize ...

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 ...

We’ve lifted our fair value estimate for Otis Worldwide OTIS by 30% to $95 per share following a transfer of coverage and a fresh look at our long-term thesis. We are more positive on the secular ...

The primary focus of Otis Worldwide Corporation OTIS has been seeking innovation opportunities and making strategic investments in them to foster its growth. Keeping up with this focal aspect, the ...