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Otis Australia Wins Modernization Project at 101 Collins Street

Business

Otis Australia Wins Modernization Project at 101 Collins Street
Business

Business

Otis Australia Wins Modernization Project at 101 Collins Street

2024-10-01 09:00 Last Updated At:09:15

  • Otis installed the building's original elevators in 1989 and has maintained them for 35 years
  • MELBOURNE, Australia, Oct. 1, 2024 /PRNewswire/ -- Otis Australia has been selected by 101 Collins Street for an elevator modernization project at this iconic landmark in Melbourne's central business district. Otis Australia is part of Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, and service company.

    Otis will modernize 30 units, utilizing its most advanced Skyrise® MOD solution for high-rise elevators, in addition to its Gen3TM MOD technology and energy-conserving ReGenâ„¢ drive, which converts energy captured during braking back into electricity and reduces annual energy consumption. In addition, Otis will service the elevators for the 48-storey office building through 2031.

    The installation of the Otis ONEâ„¢ IoT solution to support service will enable proactive communication by monitoring equipment health and performance of the elevators 24/7 in real-time. The information is immediately available to the building's management team and service technicians via portals and apps to provide visibility to their elevator portfolios and manage performance more efficiently.

    "Otis has been a direct presence in Australia since 1920, playing a pivotal role in transforming cities and states through urbanization and infrastructure renewal with our vertical transportation solutions," said Otis Australasia Managing Director, Pedro Marcal. "We are proud to have installed the existing elevators at 101 Collins Street in 1989 and maintained them for the past 35 years. With this modernization project, the building will be upgraded with our most advanced elevator and digital solutions, delivering safe, connected and more efficient passenger transport for decades to come."

    In 2023, the elevators at 101 Collins Street were upgraded with Otis' advanced Compass® 360 intelligent dispatching technology. The Compass® 360 dispatching technology analyses where passengers are going before they board the elevator, grouping passengers by destination to get them there faster and with fewer stops – as much as 50% faster during peak travel periods.

    The 101 Collins Street team will benefit from Otis' vast experience modernizing many other iconic projects worldwide.  Visit our Global Projects pages to find out more about proven Otis expertise in solving customer challenges and enhancing passenger experiences.

    To learn more about Otis products and services, visit www.otis.com.

    About Otis

    Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

MELBOURNE, Australia, Oct. 1, 2024 /PRNewswire/ -- Otis Australia has been selected by 101 Collins Street for an elevator modernization project at this iconic landmark in Melbourne's central business district. Otis Australia is part of Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, and service company.

Otis will modernize 30 units, utilizing its most advanced Skyrise® MOD solution for high-rise elevators, in addition to its Gen3TM MOD technology and energy-conserving ReGenâ„¢ drive, which converts energy captured during braking back into electricity and reduces annual energy consumption. In addition, Otis will service the elevators for the 48-storey office building through 2031.

The installation of the Otis ONEâ„¢ IoT solution to support service will enable proactive communication by monitoring equipment health and performance of the elevators 24/7 in real-time. The information is immediately available to the building's management team and service technicians via portals and apps to provide visibility to their elevator portfolios and manage performance more efficiently.

"Otis has been a direct presence in Australia since 1920, playing a pivotal role in transforming cities and states through urbanization and infrastructure renewal with our vertical transportation solutions," said Otis Australasia Managing Director, Pedro Marcal. "We are proud to have installed the existing elevators at 101 Collins Street in 1989 and maintained them for the past 35 years. With this modernization project, the building will be upgraded with our most advanced elevator and digital solutions, delivering safe, connected and more efficient passenger transport for decades to come."

In 2023, the elevators at 101 Collins Street were upgraded with Otis' advanced Compass® 360 intelligent dispatching technology. The Compass® 360 dispatching technology analyses where passengers are going before they board the elevator, grouping passengers by destination to get them there faster and with fewer stops – as much as 50% faster during peak travel periods.

The 101 Collins Street team will benefit from Otis' vast experience modernizing many other iconic projects worldwide.  Visit our Global Projects pages to find out more about proven Otis expertise in solving customer challenges and enhancing passenger experiences.

To learn more about Otis products and services, visit www.otis.com.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Otis Australia Wins Modernization Project at 101 Collins Street

Otis Australia Wins Modernization Project at 101 Collins Street

GUANGZHOU, China, Jan. 11, 2026 /PRNewswire/ -- Recently, GAC's independently developed Quark E-Drive power domain control system has achieved the world's first dual certification for deeply integrated ASIL D functional safety and information security, accredited by DAkkS, Germany's national accreditation body. The certification was evaluated and issued by SGS-CSTC Standards Technical Services Co., Ltd. (SGS), a globally recognized certification authority.

ISO 26262 is the internationally recognized core standard for automotive functional safety. Within this framework, ASIL D represents the highest automotive safety integrity level, requiring near-zero tolerance for safety-critical failures. Achieving an ASIL D certification accredited by DAkkS signifies that the certified product meets the highest globally accepted standards for automotive safety.

The certified Quark E-Drive power domain control system has been in production use since February 2025, and is now deployed across multiple models under GAC's brands - HYPTEC and AION. As the industry's first electric drive power domain system based on deep integration using a single main control chip, the solution significantly reduces chip count, minimizes risks associated with chip-level failures, and boosts motor controller efficiency to as high as 99.9%. The certification confirms that GAC has completed the system's full product development lifecycle in strict compliance with ISO 26262:2018 functional safety and ISO/SAE 21434:2021 information security standards.

Throughout the project, GAC Technology Research Center worked closely with SGS experts, strengthening safety design across all development phases while ensuring engineering feasibility and an optimal user experience.

Zhao Hui, Vice President of SGS China, commented: "The successful certification highlights GAC's strong team and robust development systems. We are pleased to support the safety of the Quark E-Drive and look forward to closer collaboration."

This milestone represents a major breakthrough for GAC in e-drive safety and sets a new global benchmark for the intelligent electric vehicle industry.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GAC's Quark Electric Drive Achieves the World's First DAkkS ASIL D Functional Safety and Information Security Dual Certification

GAC's Quark Electric Drive Achieves the World's First DAkkS ASIL D Functional Safety and Information Security Dual Certification

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