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Forbes

03 October 2014 | KONE plc

KONE named one of the world''s most innovative companies by Forbes

KONE has been ranked 42nd out of the top 100 most innovative companies in the world by the well-known business magazine Forbes. Out of all European companies listed this year, KONE was ranked an impressive sixth. KONE is the only lift and escalator company featured on Forbes'' list this year.

"It''s a great honor to be recognized among the world''s most innovative companies for a fourth consecutive year," says Henrik Ehrnrooth, President & CEO of KONE Corporation."Innovation and technological advancement have been at the core of our company for decades, and will continue to be moving forward."

KONE''s history as an industry forerunner is well documented. In 1996, KONE was the first company in the industry to introduce machine-room-less lifts. KONE''s latest groundbreaking solution is its new high-rise lift-hoisting technology, KONE UltraRope(TM), enabling future lift travel heights of 1 kilometre - twice the distance currently feasible. Last May, KONE announced that the KONE UltraRope technology would be used in Saudi Arabia''s Kingdom Tower building, expected to be the world''s tallest building with a height rising over one kilometre once completed.
  
Forbes magazine''s ranking is based on a metric called the "Innovation Premium". One of the developers of the metric is Harvard Business School Professor, Clayton Christensen.

The list of world''s most innovative companies can be viewed on forbes.com.

Other Press Releases from KONE plc

17/11/2015 - KONE acquires Rob Willder Lifts Ltd KONE, a global leader in the lift and escalator industry, has acquired Rob Willder Lifts Ltd, a company that specialises in lift maintenance and repair on the Channel Islands of Jersey and Guernsey.
10/9/2015 - KONE launches a digital game to educate children on lift/elevator and escalator safety KONE, a global leader in the lift and escalator industry, launches a digital game to educate children on lift and escalator safety.
10/9/2015 - KONE in the top 50 of the Forbes'' list of the World''s Most Innovative Companies KONE, a global leader in the lift/elevator, escalator and moving walkway industry, has been ranked 48th on the list of the world''s top 100 most innovative companies by the business magazine Forbes.
10/9/2015 - KONE begins installation activities at Kingdom Tower construction site KONE, a global leader in the lift and escalator industry, has initiated the very first phases of its lift installations at the impressive Kingdom Tower construction site in Jeddah, Saudi Arabia.
07/5/2015 - KONE acquires British company Express Elevators Ltd KONE, a global leader in the lifts and escalator industry, has acquired Express Elevators Ltd (Express), a British company that specialises in the maintenance, repair, modernization and installation of elevators.