Carrier Wins Strategic HVAC Contract for Tim Hortons Chain of Coffee Houses in China

SHANGHAI,Dec.9,2019 --Carrier,a leading global provider of innovative heating,ventilating and air conditioning (HVAC),refrigeration,fire,security and building automation technologies,today announced that CarrierChina signed a strategic cooperation agreement withTim Hortons,known as Tims Coffee House in China,Canada's largest chain coffee brand. Through this agreement,Carrier will provide integrated HVAC solutions and servicesforTims' existing and future coffee houses,as it plans to open more than 1,500 new stores in China in the next 10 years. The agreement includes innovative Variable Refrigerant Flow (VRF) technology – which varies the flow of refrigerant based on demand to provide superior comfort and energy savings – and a custom services package to ensure optimal HVAC operation for Tims coffee houses in China. Carrier is a unit of United Technologies Corp. (NYSE: UTX).

Titus Yu,managing director,Carrier Commercial HVAC Equipment,North Asia (left) and Lu Yongchen,CEO of Tim Hortons China (right) share a celebratory handshake commemorating the strategic agreement between Carrier and Tim Hortons. Through this agreement,Carrier will provide integrated HVAC solutions and services for Tims’ existing and future coffee houses in China,500 new stores in China in the next 10 years.

"No one knows how to provide maximum value to our customers from our products better than we do," said Titus Yu,North Asia. "Understanding that downtime is not an option for Tims coffee houses,we've tailored a customized equipment and services package,supported by experienced field operations to optimize energy efficiency,improve equipment performance,prevent potential issues and ensure 24/7 support."

With rapid expansion planned throughout China,Tim Hortonsrequires optimal performance across all existing restaurants and on-time opening of its new locations. Carrier China tailored an efficient and consistentservice process for Tim Hortons to accommodate its HVAC needs,supported by a professional team to provide comprehensive,accurate analysis and customized solutions for each coffee house that Carrier serves.

"We are confident in Carrier China's productsand services,and looking forward to a meaningfulbusiness relationship," said Yongchen Lu,Chief Executive Officer,Tim Hortons China.

"The addition of a customized service package will ensure efficient and consistent system performance throughout the Tims coffee housesCarrier supports in China," said Ajay Agrawal,Vice President,Strategy & Services,Carrier. "We are very proud of our work with Tims and this win is an excellent example of Carrier's ability to provide a one-stop solution for design,equipment delivery and services for our customer base."

For more information,visit www.carrier.com.cn.

About Carrier

Carrier is a leading global provider of innovative HVAC,security and building automation technologies. Supported by the iconic Carrier name,the company's portfolio includes industry-leading brands such as Carrier,Kidde,Edwards,LenelS2 and Automated Logic. Carrier's businesses enable modern life,delivering efficiency,safety,security,comfort,productivity and sustainability across a wide range of residential,commercial and industrial applications. For more information,www.carrier.com.cn or follow "Carrier_China" on WeChat.

Photo - http://cusmail.com/res/2023/07-23/21/aaf1e584930020fea9a8876bd994869d.jpg