Press Release: United Technologies Announces Global Energy and Water Conservation Program

For Immediate Release:
July 14, 1998

Contact: Tom Andrea, 860-728-7980
             Scott Seligman, 202-336-7424

United Technologies Announces Global Energy and Water Conservation Program

HARTFORD - July 14, 1998 - United Technologies Corp. (UTC) announced today a comprehensive global conservation program that sets aggressive goals for the next decade.

Under the plan, UTC will reduce its energy and water consumption by 25 percent as a percent of sales by the year 2007.

The voluntary conservation plan is the centerpiece of the company's Environment, Health & Safety Progress Report 1997 issued today, and affects United Technologies facilities worldwide.

"This program establishes our environmental leadership position because it is a global, voluntary initiative involving 229 facilities in 36 countries and addresses both energy and water conservation," said Leslie Carothers, UTC's vice president, environment, health & safety.

The plan is the result of a UTC policy established in 1996 requiring its operating units to conserve natural resources in the design, manufacture, use and disposal of products and delivery of services.

The 1997 report sets baselines of energy and water use at UTC manufacturing sites and other key non-manufacturing sites worldwide.

Based on energy audits the company conducted at selected sites, the new energy and water conservation goals reflect the company's commitment to dramatically reduce greenhouse gas emissions at UTC's facilities worldwide.

"We, along with many others, recognize the substantial ambiguities and open questions in research on global climate change," said UTC's Chairman and CEO George David in the report. "But we believe also that the prudent course is to work to reduce greenhouse gas emissions."

Opportunities for reductions over the next 10 years include co-generation, fuel switching, lighting improvements, the usage of compressed air in manufacturing processes, and employee conservation awareness training. The reductions in water consumption at the targeted facilities will themselves contribute to reduced energy requirements, since each gallon of water used may generate energy demands for pumping, heating, chilling and treatment.

A global reporting structure established by the company in 1997 measures energy and water usage and conservation results; an electronic data base has been established and an intranet training module is being developed to share best management practices and provide useful sources of information for implementation.

United Technologies Corporation provides a broad range of high technology products and support services to the building systems, automotive, and aerospace industries. UTC's companies are industry leaders and include Pratt & Whitney, Carrier, Otis, UT Automotive, Sikorsky and Hamilton Standard.

Editor's Note: (UTC's Environment, Health & Safety Progress Report 1997 is available on line at www.utc.com.)