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Magnetek Quattro® & DC Drive Awarded First Production Orders From OTIS & KONE

MENOMONEE FALLS, Wis. - August 15, 2006 - Magnetek, Inc. today announced they have received the first production orders from Otis Elevator Co. and KONE Corporation for their new innovative Quattro DC Elevator Drive.

"We are proud and very confident in Quattro's capabilities. Our revolutionary technology makes this drive versatile, energy efficient and, most importantly, reliable. There's nothing else like it in the market today," says John Corey, Vice President Magnetek Elevator Products. "These first production orders were received because of Quattro's patented drive design. Quattro's IGBT-based DC Drive, which offers an alternative to the traditional SCR (Silicon Controlled Rectifier) technology, provides features such as fully regenerative power conversion, unity power factor, clean utility side harmonics and an adaptable modular configuration that allows for future upgrade paths to AC technology."

Magnetek's Quattro will be on display at the upcoming NAEC Conventions and World Elevator EXPO III at Booth #461 on September 12–14, 2006.

The Quattro Family is the latest generation in Magnetek's long lineage of elevator drives dating back over 25 years. Magnetek pioneered the application of solid-state drives to elevators in the 1980's. Today, three generations of Magnetek AC drives and digital field regulators, and thousands of the Company's analog and digital DC direct drives power elevators on six continents. Most of the world's tallest buildings utilize Magnetek drive systems on their highest speed cars.

A wholly owned subsidiary of United Technologies Corp. (NYSE:UTX), Otis is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways.

KONE Corporation provides complete and innovative solutions for the installation, modernization and maintenance of elevators and escalators, and the maintenance of automatic building doors.

Media Contact:
Lynn Bostrom
Director, Marketing Communications
(262) 252-2903

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