Carrier Acquires Noresco to Expand Energy Solutions Capabilities

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Carrier Acquires Noresco to Expand Energy Solutions Capabilities

FARMINGTON, Conn., Nov. 21 /PRNewswire-FirstCall/ -- Carrier Corp., theworld's largest provider of heating, ventilation, air-conditioning andrefrigeration solutions, and a unit of United Technologies Corp. (NYSE: UTX),has acquired Noresco, a leading independent energy services company. Theacquisition was completed on Nov. 20. Terms of the deal were not disclosed.

Established in 1984, Noresco has implemented thousands of efficiency andinfrastructure upgrade projects that reduced energy and water consumption andlowered operating expenses for a wide range of customers including federal,state, and municipal agencies; educational institutions; hospitals; utilities;and commercial and industrial facilities. Noresco is headquartered inWestborough, Mass., and has 20 offices in the U.S.

"Noresco complements the depth and breadth of Carrier's portfolio and isan integral part of our strategy to offer sustainable, comprehensive,end-to-end building solutions," said Kelly Romano, president, Carrier BuildingSystems and Services. "We are able to offer our customers sustainableproducts, services and solutions that lower total cost of ownership anddeliver high performance buildings." The acquisition of Noresco adds toCarrier's commitment to environmental leadership and further reinforces whyCarrier is the only air-conditioning systems manufacturer to be named anEnvironmental Protection Agency Climate Leader.

"Carrier greatly admires Noresco," said Erv Lauterbach, president, CarrierBuilding Systems and Services North America Field Operations. "As a foundingcompany in the energy solutions sector with strong customer relationships, weare pleased to have the employees of Noresco become part of the Carrier team,and look forward to serving customers with a more comprehensive solutionsoffering."

Neil Petchers, president and CEO, Noresco, said, "Carrier's acquisition ofNoresco will allow us to expand our customer base as well as deliver increasedvalue to our customers."

For further information go to http://www.carrier.com.

About Carrier Corp.

Carrier Corp., headquartered in Farmington, Conn., is the world's largestprovider of heating, air-conditioning and refrigeration solutions. With 2007revenues of $14.6 billion, Carrier has approximately 43,000 employeesworldwide and operations in more than 170 countries. Carrier is part of UnitedTechnologies Corp., a Hartford, Connecticut-based provider of products andservices to the aerospace and building systems industries worldwide. Visithttp://www.carrier.com for more information.