Carrier Strengthens Building Automation Presence in China with Sinostride Joint Venture

Carrier Strengthens Building Automation Presence in China with Sinostride
Joint Venture
Expands Sustainable Building Solutions Portfolio

FARMINGTON, Conn., Oct. 29 /PRNewswire-FirstCall/ -- Carrier Corporation
continues to expand its sustainable building solutions and services in China
by signing a joint venture agreement with Sinostride Technology Co., Ltd., a
leading Extra Low Voltage (ELV) contractor in East China serving the building
automation market. Carrier Corp. is a unit of United Technologies Corp. (NYSE:
UTX).

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"Leveraging Sinostride's rich experience in intelligent building projects and
solid customer base with Carrier's innovative WebCTRL® product and system
solutions will benefit Chinese users with more sustainable operations,"
commented David Ma, controls director, Carrier Asia HVAC.

Located in Hangzhou, Sinostride is a leading enterprise in China's building
automation industry, one of the top ELV contractors in China, and a renowned
value-added service provider of software for intelligent buildings, energy
efficiency and medical applications. Sinostride has gained recognition from
numerous landmark projects, including the China Petro Building, Zhejiang
University, Suzhou Modern Building, Chongqing International Exhibition Center,
Kunming International Airport, etc.

"We are honored to have such a committed partner as Carrier," said Jiang Dong,
president, Sinostride Technology Co., Ltd. "This cooperation marks a
significant point in our progress toward creating energy efficient green
buildings in China."

Since the promotion of its cutting edge WebCTRL building automation system
last year, Carrier has received increased customer recognition for its
expertise in intelligent building offerings, and subsequently secured renowned
projects across China, including the Baidu China Headquarters and numerous
TESCO superstores which will open in China over the next year.

As a total green building solutions provider dedicated to sustainability,
Carrier has expanded its service scope from traditional air conditioning
equipment and building automation systems to comprehensive green building and
energy management services for both new and existing buildings.

"Expanding on Carrier's joint venture with Maingate in Beijing last year, our
investment in Sinostride is another significant step that allows Carrier to
further its presence in China's building automation market," commented Ross
Shuster, president, Carrier Asia. "Aligned with Carrier's global
sustainability strategy, this investment demonstrates Carrier's continued
confidence and long-term commitment in the China market."

"Our joint venture with Sinostride is another step in solidifying Carrier as a
global leader in services and solutions for the green building marketplace,"
said John Mandyck, Carrier's Vice President for Sustainability & Environmental
Strategies and an international advisor to China's Green Building Council.
"For nearly 20 years, Carrier has been incorporating sustainability into our
products and operations. We are harnessing that expertise with partners like
Sinostride to offer innovative energy management, building automation and
green building design services."

Carrier Corp. is the only company in the world to be a founding member of the
U.S., China, and India Green Building Councils.

About Carrier Corp.
Headquartered in Farmington, Conn., Carrier Corp. is the world's largest
provider of heating, air-conditioning and refrigeration solutions, with
operations in more than 170 countries. Carrier is part of United Technologies
Corp., a Hartford, Connecticut-based provider of products and services to the
aerospace and building systems industries worldwide. Visit www.carrier.com for
more information.

SOURCE Carrier Corporation

Theresa Fox of Carrier Corp., +1-860-674-3420