Carrier Wins Kelley School of Business Access Award

Leading HVAC manufacturer provides business opportunities to Indy students

INDIANAPOLIS, May 17, 2005 – The Indiana University Kelley School of Business Indianapolis has presented its 2005 Kelley ACCESS Award to Carrier Corporation, recognizing the HVAC manufacturer for providing creative learning opportunities for students in the nationally-ranked MBA program. The ACCESS award is presented each year to a company that best exemplifies Kelley's goal of providing students with real-world business opportunities outside the classroom.

Each semester, Carrier has welcomed Kelley students enrolled in MBA-level operations management courses for an extensive tour of the company's Indianapolis manufacturing facilities, exposing students to the day-to-day operational demands of a global manufacturer producing best-in-class heating and air conditioning systems. Carrier has also supported Kelley's coursework in strategic marketing, offering senior marketing and brand management executives to speak to students on the challenge of promoting multiple brands in a competitive marketplace.

"At Kelley Indianapolis, we pride ourselves on building partnerships with the corporate community that give our students access to the real world of business, beyond the classroom," said Roger Schmenner, Dean of Indianapolis Programs for the Kelley School of Business. "Carrier Corporation is recognized internationally as a leading manufacturer in a growing industry; it's invaluable for our students to see first-hand how the lessons they're learning at Kelley are being applied in such a company. We appreciate Carrier's generosity and commitment to business education."

In accepting the ACCESS award, Carrier Director of Product Marketing Rick Roetken stressed the importance of advancing the next generation of business leaders, in Central Indiana and beyond.

"We're fortunate to have a great business program like Kelley in our community, and we're pleased to support their efforts," said Roetken. "Looking longer-term, it's wise for companies like Carrier to expose up-and-coming future managers at institutions like Kelley to our businesses – we all benefit by supporting the development of a pipeline of a better-educated, more experienced management talent."

Previous winners of the Kelley Indianapolis ACCESS award include Rolls-Royce North America, the Venture Club of Indiana, Tradespan International and Pratt Corporation.

About Carrier

Carrier Corporation is the world's largest manufacturer of heating, air conditioning and refrigeration systems and equipment. It is a subsidiary of United Technologies Corporation (NYSE:UTX), provider of a broad range of high-technology products and support services to the aerospace and building systems industries.

About the IU Kelley School of Business

The IU Kelley School of Business has been a leader in American business education for more than 80 years. With an enrollment of 3,716 undergraduate and over 1000 graduate students, it is among the premier business schools in the country, with both the undergraduate and graduate programs ranked among the best in the United States. Kelley's Indianapolis campus, based at IUPUI, is home to the school's part-time graduate programs and a full-time undergraduate program.