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 ...

Otis elevators are in the Burj Khalifa in Dubai, the world’s tallest building at 2,722 ft. Image © Emaar properties. But it was Otis' elevator that would allow for ...

When Otis Elevator Co. spins out from United Technologies in 2020 (probably happening sometime in April 2020), it will immediately catapult into the Fortune 500 with a valuation of $29 billion, $13 ...

For nearly a year, in the course of producing the NOVA documentary "Trapped in an Elevator," I've been immersed in the fascinating lore of perhaps the least appreciated—but arguably most critical—form ...

Forbes contributors publish independent expert analyses and insights. Wayne Rash is a technology and science writer based in Washington. One kink in the return to work since the Covid-19 pandemic ...

The elevator maker is bringing its fleet into the digital era with a connected solution that leverages IoT sensors and AI in the cloud to help keep its customers’ elevators humming. No one likes to ...

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...

The room where Thomas Vining greeted Business Focus reporters looked like an ordinary corporate meeting facility, except that there were dark windows on one side. When he pushed a button on the wall, ...

SEATTLE, May 23, 2025 /PRNewswire/ -- A new, double-deck glass elevator from Otis opened for its first rides to passengers Friday as part of a new experience at the iconic Space Needle. Visitors to ...