Daily News
Otis Faces Below-Expected 3Q Earnings, Cuts 2024 Projection
The Dow Jones reports that Otis posted third-quarter (3Q) earnings of US$540 million, or US$1.34 a share, up from US$376 million, or US$.91 a share, a year earlier. Excluding certain...
SIMS4Lifts Gears Up For QR and eSIM Technology
The U.K.’s SIMS4Lifts has unveiled plans to adopt emerging QR and eSim technology. Established by experienced telecom experts Chaim Grunfeld and Chaim Berkowicz to help lift operators make the all-important...
Fermator Distributor Hosts BBQ With Longtime Client
Femator distributor Global1Partners Deutschland hosted a special BBQ on September 9 with longstanding client Johan Schum Aufzugtechnik GmbH. Held at Global1Partners Deutschland’s Hallbergmoos, Germany, premises, the event was attended by...
Inovance Technology India Opens New Branch in Surat
Inovance Technology India announced on October 29 it opened a new branch in Surat, Gujarat, marking a significant milestone in the company's ongoing commitment to its growing domestic customers. Located...
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
CiA To Host CAN and CANOpen Seminar for Newcomers
The nonprofit CAN in Automation (CiA) association plans to host an on-site seminar in the German language for newcomers to CAN and CANopen, which includes CANopen Lift, the CAN communication...
New York Build 2025 Agenda and Registration Available
The largest construction and design show for New York, New York Build 2025 will take place at the Javits Center on March 12-13 and registration is now open. The event...
NAESA International Awards 2024 John Steele Scholarships
NAESA International recently announced the 2024 John Steele Memorial Scholarship winners. In evaluating seven applications for the scholarship, the “process went well with very tight scoring between the applicants,” according...
EFESME SBS Training on Standardization in the Lift Sector
The European Federation for Elevator Small and Medium-Sized Enterprises (EFESME) and Small Business Standards (SBS) plan to host the second 2024 SBS national training session on standardization in the lift...
Hitachi Digital Launches GenAI Offering
Hitachi Digital Services, the digital consultancy and technology services subsidiary of Hitachi Ltd., recently announced the launch of its generative AI (GenAI) offering: Reliable, Responsible, Observable and Optimal AI or...
