Otis Australia Chosen For Landmark Modernization Project

Otis Australia has been selected by 101 Collins Street for an elevator modernization project at this iconic landmark in Melbourne’s central business district, yahoo finance reports. Otis will modernize 30 units, utilizing the Skyrise^® MOD solution for high-rise elevators in addition to Gen3™ MOD technology and the energy-conserving ReGen™ drive, which converts energy captured during braking back into electricity and reduces annual energy consumption. The installation of the Otis ONE™ Internet of Things solution will enable proactive communication by monitoring equipment health and performance of the elevators 24/7 in real-time. In 2023, the elevators at 101 Collins Street were upgraded with Otis’ advanced Compass^® 360 intelligent dispatching technology. In addition to modernizing the units, Otis will service the elevators for the 48-story office building through 2031.