Press Release: United Technologies Steps up Global Conservation Efforts

For Immediate Release
April 22, 2003

Contact: Paul Jackson      
(860) 728-7912      
http://www.utc.com

UNITED TECHNOLOGIES STEPS UP GLOBAL CONSERVATION EFFORTS

WASHINGTON, D.C. - United Technologies Corp. (NYSE:UTX) said today it has surpassed its 25 percent energy and water usage reduction goals four years ahead of schedule and is increasing them to 40 percent.

The company also announced it is joining the U.S. Environmental Protection Agency's Climate Leaders program. The voluntary industry-government partnership identifies environmental leaders in adopting aggressive goals and strategies for curtailing greenhouse gas emissions at manufacturing and other facilities. Since 1997, UTC has lowered its greenhouse gas emissions by 15 percent.

"EPA applauds United Technologies for its environmental leadership and
strong commitment to conserving our natural resources," said Jeff Holmstead, assistant administrator for the agency's Office of Air and Radiation.

UTC's original conservation plan, announced in 1998, called for the company to reduce both water and energy usage by 25 percent, as a percent of sales, by 2007.  The company reported at today's Earth Technologies Forum in Washington, D.C., that it had exceeded those goals by achieving a 27 percent energy reduction and 34 percent water use reduction through 2002. UTC's new goals call for a 40 percent reduction of each by 2007.  Performance will be monitored annually to track results and identify further conservation opportunities.

"UTC has more than 200 facilities worldwide participating in these conservation efforts, including more than 100 in the United States, over 50 in Europe and nearly 40 in Asia," said Rick Bennett, vice president of environmental health and safety. " Site audits and conservation tools are available to help facilities identify effective savings opportunities."

Bennett said the new goals exemplify UTC's strong environmental commitment, which has helped conserve both natural and economic resources.     

UTC's Carrier Corp. has reduced water consumption at its Shanghai factories by more than 10 million gallons a year. For every $1,000 Carrier invests in low-flow showers and other conservation devices, the company estimates it saves $11,000 per year in associated water costs.

Otis Elevator's Breclav plant in the Czech Republic completed heating, lighting and compressed air system improvements that are conserving more than 1 million kilowatt-hours of electricity and 560,000 cubic meters of natural gas annually.

In the U.S., Sikorsky reduced energy demand at its main manufacturing plant in Stratford, Conn., a full percentage point by converting a temporary rotor-painting booth to a sanding booth with an air re-circulation system that eliminates high-energy dust collection apparatus. Energy savings amount to $94,000 a year.

Another example: Pratt & Whitney, with engineering support from Carrier, replaced centrifugal air compressors and a chilled water plant, upgraded lighting fixtures and completed other projects at its Middletown, Conn., jet engine assembly and test facility that combined have conserved 3.5 million kilowatt-hours of electricity per year. 

United Technologies Corp., based in Hartford, Conn., is a diversified company that provides a broad range of high-technology products and services to the building systems and aerospace industries worldwide. More information is available on the company's Web site at http://www.utc.com.