Carrier Thailand Ltd. Adds Refrigo to its Portfolio

March 14, 2008

BANGKOK, Thailand

Carrier Thailand Ltd. has acquired Refrigo, one of the largest heating, ventilation, air conditioning and refrigeration parts distributors in Thailand. Carrier Corp., a unit of United Technologies Corp. (NYSE:UTX), is the world’s largest provider of heating, air-conditioning and refrigeration solutions.

With complementary geographical footprints, the combination of the two businesses creates a company with a broader product portfolio, which will better satisfy the requirements of its customers in Thailand and include products tailored to local needs.

The acquisition was completed on March 3. Terms of the deal were not disclosed.

About Carrier Corp.
Carrier Corp., headquartered in Farmington, Conn., is the world’s largest provider of heating, air-conditioning and refrigeration solutions. With 2007 revenues of $14.6 billion, Carrier has approximately 43,000 employees worldwide and operations in more than 170 countries. Carrier is part of United Technologies Corp., a Hartford, Connecticut-based provider of products and services to the aerospace and building systems industries worldwide. Visit www.carrier.com for more information.