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UTC LENDS RESEARCH MUSCLE TO EFFORT TO REGAIN THE AMERICA’S CUP THOUGH SPONSORSHIP OF AmericaOne

HARTFORD, Conn., Feb. 10, 1999 - United Technologies Corp. (NYSE: UTX) announced today its sponsorship of AmericaOne, the San Francisco-based challenger for the 2000 America's Cup.

As Modeling and Analysis Supporting Sponsor, UTC is applying proprietary technology, advanced research capabilities, and proven high-technology modeling processes to the design of two racing sailboats. Paul Cayard, the 1998 Whitbread Round the World Race champion, will skipper these boats for AmericaOne in the America’s Cup to be held in New Zealand in 2000.

As an AmericaOne partner, researchers and engineers from United Technologies Research Center and Pratt & Whitney are applying computational fluid dynamics modeling to the hull, mast, sails, keels and appendages of the AmericaOne boats and also conducting structural analysis of the masts.

The UTC team is working with AmericaOne’s design team to organize programs which ensure that all research is completed in time to be implemented into the design and production of the boats.

"We are using the same technology, creative thinking and research discipline that have made us a market leader in the building systems and aerospace industries to make substantial improvements in the design of these boats," said UTC Senior Vice President, Science and Technology John F. Cassidy. "We believe that these advancements, combined with a world-class crew, put AmericaOne in a competitive position for a run at the Cup."

Cassidy noted that UTC involvement in AmericaOne is also paying dividends for UTC. "Working with designers, scientists and researchers from other sponsor companies and from AmericaOne allows us to expand our own technology in new fields," he said. "This has given us new and broader experience as we apply this technology throughout our different, market-leading business units." UTC’s business units are Pratt & Whitney, Sikorsky, Carrier, Otis, Hamilton Standard and UT Automotive.

Operating since June 1, 1996, AmericaOne is the challenger on behalf of San Francisco’s St. Francis Yacht Club. AmericaOne is dedicated to recapturing the America’s Cup by applying U.S. technology in computer equipment, aerodynamics, hydrodynamics, sail design, naval architecture and structural engineering to America's Cup sailboat design. The AmericaOne operating team is comprised of 45 professionals; the design team is comprised of 40 members actively working on the research and design of its sailboats.

"UTC, as one of the first partners to join our effort, has provided crucial research and design capabilities at an early stage that have already produced advancements currently being built into our first IACC (International America’s Cup Class) boat," said Paul Cayard, AmericaOne Skipper & CEO. "Just as important has been UTC’s role in helping to organize the entire AmericaOne research efforts to ensure that critical design work is completed in time for all possible research to be included in our final boat designs."

The next America’s Cup will be held in Auckland, New Zealand, in February and March 2000. Challengers will race in a selection series from October 1999 through February 2000 to select one Challenger for the America’s Cup match against Team New Zealand. Sixteen challengers from ten nations have met the requirements to race in the Challenger Selection Series.

United Technologies Corp. provides a broad range of high technology products and support services to the building systems, automotive, and aerospace industries.

AmericaOne technology partners and top-level sponsors include Hewlett-Packard Company, Bellcore/SAIC and Ford Motor Company/Visteon Racing. To learn more about AmericaOne visit: http://www.ac2000.org.

# # #
For additional information on AmericaOne, contact:

Gina Von Esmarch
E-mail: gvonesmarch@americaone.org
Phone: 415-474-3425
Fax: 415-474-3571

For additional information on
United Technologies Corp.
Contact: Peter Dalpe, UTC
(860) 728-7912
Internet: http://www.utc.com



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