Huawei, Schindler Signs Global Agreement to Gush IoT Connectivity

Huawei announces to have signed a Global Frame Agreement on Internet of Elevators & Escalators (IoEE) with Schindler Group. Under this agreement, the companies are sought to cooperate in the future on the development of smart Internet-of-Things (IoT) components for a seamless connectivity of elevators and escalators and develop a Connected Elevators Solution that is open, flexible, and scalable.

The new IoT connectivity solution is an important element of Schindler’s digital platform and will enable Schindler to better monitor, analyze and leverage data generated from its elevators and escalators, and support the unified connection and management of Schindler’s one million elevators around the world.

“We are proud to extend our digital ecosystem with Huawei as one of the global technology leaders. The cooperation will help us to significantly reduce time-to-market for our new digital offerings”, said Thomas Oetterli, CEO of the Schindler Group.

“Huawei is very pleased to partner with Schindler by providing the innovative technologies and solutions to empower Schindler’s digital transformation to enhance service reliability and customer experience”, said Eric Xu, Rotating CEO of Huawei.

Data analytics firm Lux Research reported that by 2020, the global Industrial IoT (IIoT) will be worth an estimated US$151 billion.