KONE Begins Next Phase of Navy Federal Credit Union Project

Pensacola campus to receive 31 new elevators

November 3, 2016 8:05 AM EDT

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PENSACOLA, Fla., Nov. 3, 2016 /PRNewswire/ -- KONE, a global leader in the elevator and escalator industry, has begun the second phase of a project at Navy Federal Credit Union's Pensacola campus, installing 31 new elevators. Navy Federal is the world's largest credit union with six million members worldwide. KONE has recently begun the installation, which spans five campus buildings, and will consist of new KONE EcoSpace, KONE MonoSpace® 500 and KONE MonoSpace® 700 units across the campus.

"We are very proud to provide innovative elevator solutions to Navy Federal's Pensacola campus," said Larry Wash, executive vice president of KONE Americas. "Navy Federal has been a long-standing customer and our goal is to continue improving the flow of people throughout the campus and to make travel within buildings as smooth as possible."

KONE's EcoSpace and KONE MonoSpace solutions are machine room-less elevators, which eliminate the need for a machine or control room by attaching the hoisting machine to the guide rail, and placing all control and logic components inside the hoist way. The solutions also offer greater eco-efficiency, space savings and improved ride comfort.

"We are excited for the second phase of this project," said Bob Parkhurst, assistant vice president of Facilities Management at Navy Federal. "The recently installed elevators have blended seamlessly into our campus and have enabled our team members to move efficiently within our buildings."

About Navy Federal Credit Union: Navy Federal Credit Union is a 2016 Fortune 100 Best Companies to Work For and the world's largest credit union with more than $77 billion in assets, 6 million members, 287 branches, and a workforce of over 15,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Duty, civilian and contractor personnel and their families. For additional information about Navy Federal, visit https://www.navyfederal.org.

About KONE KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information, see www.kone.us

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SOURCE KONE



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