OTIS ELEVATOR COMPANY CHOOSES POLYCOM VIDEO COMMUNICATIONS EQUIPMENT

Fortune 100 company leverages video communications to improve productivity and reduce costs.

MILPITAS, Calif., Feb. 26, 2001 – Polycom®, Inc. (NASDAQ: PLCM), a worldwide leader in broadband communication solutions, today announced that Otis Elevator Company, the world's largest manufacturer, installer and servicer of elevators, escalators, moving walkways and other horizontal transportation systems, is using Polycom’s ViewStation™ and ViaVideo™ products for the current video communication needs of its employees located around the world.

Otis Elevator is deploying video communications as a way to increase productivity and decrease costs by allowing employees around the world to have face-to-face meetings. The company has installed a combination of more than 100 Polycom ViewStation 512 and SP systems in 38 countries worldwide.

“In today’s competitive environment, it is critical to constantly use new, innovative ways to improve communication and reduce expenses. Using interactive video communications is a powerful way to accomplish both of these objectives,” said Ron Beaver, Otis CIO. “The company’s solutions have met our needs to hold worldwide meetings and save both time and money on business travel.”

“Otis Elevator is leveraging the power of cutting-edge technologies by using video communications to lower its travel costs,” said Craig Malloy, senior vice president and general manager of Enterprise Visual Communications for Polycom. “It’s exciting to see more and more companies realize that high-quality interactive video communications is an essential business tool for giving employees around the world a way to have face-to-face meetings while minimizing lost time out of the office and costly travel.”

About Otis Elevator Company
Otis Elevator Company, a wholly owned subsidiary of United Technologies Corporation, is the world’s largest company in the manufacture, sale and service of people moving products, including elevators, escalators, shuttle systems and moving walkways. Headquartered in Farmington, Connecticut, USA, Otis offers its products and services in more than 200 countries and territories and maintains more than 1.2 million elevators and escalators worldwide.

About Polycom
Located in Milpitas, Calif., in the heart of Silicon Valley, Polycom, Inc. develops, manufactures and markets a full range of premium-quality, media-rich communication tools and network access solutions. Polycom's integrated communication solutions enable business users to immediately realize the benefits of video, voice and data over rapidly growing converged networks. For additional information, call 1-800-POLYCOM (765-9266) or +1-408-526-9000, or visit the Polycom web site at www.polycom.com.

Polycom and the Polycom logo are registered trademarks and ViewStation and ViaVideo are trademarks of Polycom in the U.S. and various countries. ©2000, Polycom, Inc. All rights reserved.