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 ...

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 ...

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 ...

Customers can carefully choose the level, cost and pace of elevator modernisation and plan in phases Otis solutions align with the latest European safety standards, and enhance reliability and ...

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 ...

Riding in an elevator used to be dangerous business — until Elisha Otis, of Otis Elevator Company fame, invented a device that could prevent a passenger elevator from falling if its rope broke. It ...