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Carrier Enters Joint Venture Deal with East China-Based Sinostride Technology

Expands Sustainable Building Solutions Portfolio

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).

"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."


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