-- Spin-off complete from United Technologies Corp.

Carrier Global Corporation ( 
https://c212.net/c/link/?t=0&l=en&o=2767880-1&h=2273573810&u=http%3A%2F%2Fwww.corporate.carrier.com%2F&a=Carrier+Global+Corporation 
) (NYSE: CARR) today debuted as an independent, publicly traded company after 
successfully completing its separation from United Technologies. Shares of 
Carrier, a global leader in creating building and refrigeration solutions that 
matter for people and our planet, will begin "regular-way" trading on the New 
York Stock Exchange (NYSE) today at market open under the symbol "CARR." 

Logo - https://mma.prnewswire.com/media/985365/Carrier_Logo.jpg 

A leading provider of innovative heating, ventilating and air conditioning 
(HVAC), refrigeration, and fire & security technologies, Carrier's products and 
services are essential for modern life, particularly in today's global 
environment. The company has an extensive global footprint with approximately 
53,000 employees, offering solutions in more than 160 countries. Carrier has 
leading positions in critical segments, including North American residential 
HVAC, commercial HVAC equipment in major markets, global fire detection and 
suppression, global access controls for security systems, and refrigerated 
equipment for the North American and European truck trailer and container 
businesses.

"Against the backdrop of unprecedented global uncertainty, Carrier and its 
employees remain focused and continue to solve critical challenges – from 
improving indoor air quality, protecting the world's food and pharmaceutical 
supply and keeping people safe and secure. I am honored to lead this fantastic 
company and now, more than ever, I am incredibly proud of the perseverance and 
resiliency of our talented workforce," said Carrier President & CEO Dave 
Gitlin. "For more than a century, Carrier has been a symbol of excellence, and 
today, as a standalone company, we have defined our own strategy, vision, 
culture and priorities. We have an unmatched legacy and look forward to 
delivering sustainable long-term growth to our shareowners and other 
stakeholders."

Strategy

As an independent company, Carrier will have greater focus and enhanced agility 
based on its own distinct operating priorities and strategies for long-term 
growth and profitability, including strengthening and growing its core 
businesses, extending its product range and geographical coverage, and 
expanding service and digital offerings. The company is well-positioned with 
strong megatrends driving sustained industry growth, leading positions with 
significant installed base, a disciplined operating system, and an unwavering 
commitment to innovation.

Corporate Social Responsibility

Carrier will continue to contribute meaningfully to communities around the 
world through employee volunteerism and environmentally responsible operations, 
products and services. Carrier's recent $3 million, three-year donation to The 
Nature Conservancy ( 
https://c212.net/c/link/?t=0&l=en&o=2767880-1&h=954734786&u=https%3A%2F%2Fwww.corporate.carrier.com%2Fnews%2Fnews-articles%2Fcarrier_commits_3_million_nature_conservancy_help_combat_climate_change.html&a=%243+million%2C+three-year+donation+to+The+Nature+Conservancy 
) will help cities better prepare for climate change and support the 
development of online STEM education for children around the world, and is a 
testament to Carrier's commitment to environmental leadership.

"We are a world leader in providing energy-efficient solutions for buildings 
around the world. We are deeply committed to driving a leadership position in 
sustainable solutions for the planet and for future generations. Strengthening 
our global community makes us a stronger company, creating shared value for our 
business and society," said Gitlin. "As a standalone company, we have the 
ability to leverage our legacy of industry leadership and sustainability to 
address the challenges of today and tomorrow while executing our vision and 
growth strategy."

Learn more about the new Carrier at www.Corporate.Carrier.com. 

About Carrier

Carrier Global Corporation is a leading global provider of innovative heating, 
ventilating and air conditioning (HVAC), refrigeration, fire, security and 
building automation technologies. Supported by the iconic Carrier name, the 
company is committed to making the world safer and more comfortable for 
generations to come through its industry-leading brands such as Carrier, Kidde, 
Edwards, LenelS2 and Automated Logic. For more information, visit 
www.Corporate.Carrier.com or follow us on social media at @Carrier ( 
https://c212.net/c/link/?t=0&l=en&o=2767880-1&h=3900875241&u=http%3A%2F%2Fwww.twitter.com%2Fcarrier&a=%40Carrier 
). 

Cautionary Statement.  This communication contains statements which, to the 
extent they are not statements of historical or present fact, constitute 
"forward-looking statements" under the securities laws. From time to time, oral 
or written forward-looking statements may also be included in other information 
released to the public. These forward-looking statements are intended to 
provide management's current expectations or plans for Carrier's future 
operating and financial performance, based on assumptions currently believed to 
be valid. Forward-looking statements can be identified by the use of words such 
as "believe," "expect," "expectations," "plans," "strategy," "prospects," 
"estimate," "project," "target," "anticipate," "will," "should," "see," 
"guidance," "outlook," "confident" and other words of similar meaning in 
connection with a discussion of future operating or financial performance or 
the separation from United Technologies. Forward-looking statements may 
include, among other things, statements relating to future sales, earnings, 
cash flow, results of operations, uses of cash, share repurchases, tax rates 
and other measures of financial performance or potential future plans, 
strategies or transactions of Carrier following the separation, including the 
estimated costs associated with the separation and other statements that are 
not historical facts. All forward-looking statements involve risks, 
uncertainties and other factors that may cause actual results to differ 
materially from those expressed or implied in the forward-looking statements. 
For those statements, Carrier claims the protection of the safe harbor for 
forward-looking statements contained in the U.S. Private Securities Litigation 
Reform Act of 1995. Such risks, uncertainties and other factors include, 
without limitation: (1) the effect of economic conditions in the industries and 
markets in which Carrier and its businesses operate in the U.S. and globally 
and any changes therein, including financial market conditions, fluctuations in 
commodity prices, interest rates and foreign currency exchange rates, levels of 
end market demand in construction, the impact of weather conditions, pandemic 
health issues (including the coronavirus and its effects, among other things, 
on global supply, demand, and distribution disruptions as the coronavirus 
outbreak continues and results in an increasingly prolonged period of travel, 
commercial and/or other similar restrictions and limitations), natural 
disasters and the financial condition of Carrier's customers and suppliers; (2) 
challenges in the development, production, delivery, support, performance and 
realization of the anticipated benefits of advanced technologies and new 
products and services; (3) future levels of indebtedness, including 
indebtedness incurred in connection with the separation, and capital spending 
and research and development spending; (4) future availability of credit and 
factors that may affect such availability, including credit market conditions 
and Carrier's capital structure; (5) the timing and scope of future repurchases 
of Carrier common stock, which may be suspended at any time due to various 
factors, including market conditions and the level of other investing 
activities and uses of cash; (6) delays and disruption in the delivery of 
materials and services from suppliers; (7) cost reduction efforts and 
restructuring costs and savings and other consequences thereof; (8) new 
business and investment opportunities; (9) the anticipated benefits of moving 
away from diversification and balance of operations across product lines, 
regions and industries; (10) the outcome of legal proceedings, investigations 
and other contingencies; (11) pension plan assumptions and future 
contributions; (12) the impact of the negotiation of collective bargaining 
agreements and labor disputes; (13) the effect of changes in political 
conditions in the U.S. and other countries in which Carrier and its businesses 
operate, including the effect of changes in U.S. trade policies or the United 
Kingdom's withdrawal from the European Union, on general market conditions, 
global trade policies and currency exchange rates in the near term and beyond; 
(14) the effect of changes in tax, environmental, regulatory (including among 
other things import/export) and other laws and regulations in the U.S. and 
other countries in which Carrier and its businesses operate; (15) the ability 
of Carrier to retain and hire key personnel; (16) the scope, nature, impact or 
timing of acquisition and divestiture activity, including among other things 
integration of acquired businesses into existing businesses and realization of 
synergies and opportunities for growth and innovation and incurrence of related 
costs; (17) the expected benefits of the separation; (18) a determination by 
the IRS and other tax authorities that the distribution or certain related 
transactions should be treated as taxable transactions; (19) risks associated 
with indebtedness incurred as a result of financing transactions undertaken in 
connection with the separation; (20) the risk that dis-synergy costs, costs of 
restructuring transactions and other costs incurred in connection with the 
separation will exceed Carrier's estimates; and (21) the impact of the 
separation on Carrier's business and Carrier's resources, systems, procedures 
and controls, diversion of management's attention and the impact on 
relationships with customers, suppliers, employees and other business 
counterparties. The above list of factors is not exhaustive or necessarily in 
order of importance. For additional information on identifying factors that may 
cause actual results to vary materially from those stated in forward-looking 
statements, see Carrier's registration statement on Form 10 and the reports of 
Carrier on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from 
time to time. Any forward-looking statement speaks only as of the date on which 
it is made, and Carrier assumes no obligation to update or revise such 
statement, whether as a result of new information, future events or otherwise, 
except as required by applicable law.

SOURCE Carrier Global Corporation

CONTACT: Ashley Barrie, +1 561-365-1260, Ashley.Barrie@Carrier.com