Sales heating up for Earth to Air - bizjournals:

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Formed in 2002, Earth to Air Systemsd develops heating and cooling systems based on a technology known as direc texchange geothermal, called DX in the industry. The company’sd applications have been showh to reduce heating and cooling costs by 50 percenrt to80 percent, CEO Randyg Wiggs says. Earth to Air’sz system bypasses the more conventional geothermall heating andcooling model. Instead of usintg water as a source, the technology skips a step and controls heating and temperatures directly from the eartj withcopper tubing.
The tubed tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped through the Earthto Air’s revenue comes from licensing fees collected from heating and coolingt companies who decide to market and instalkl the systems. Earth to Air got its first international distributofr two years ago when Australian entrepreneur John Gagliardi embracedthe technology. He says he’s securer more than $30 million in including contracts withschook systems, mining camps, housin projects and major corporations, such as BP.
“We are movint into significant profitability,” Galiardi adding that he’s planning on expanding into the Southeast Asianmarkeyt soon. Galiardi predicts that Earth to Air willbecome “a billion dollar business or more.” Salees in the first quarter were up 60 percent from the same time last year. “We’r e living in an time when there’zs a huge demand (for products) to reduces our dependence on foreign oil,” Gagliardi says. “Twenth years ago this wouldn’t have worked. It wouldn’tt have even worked 10 years ago. But now the potentiakl is huge.
” There are multiple installationx of Earthto Air’s geothermalk system in the United but the company is just now setting up a formal distributor network, says Claytonm Washburn, chief operations officer at Eartnh to Air. “Our biggest struggle is havinvg to say no at Washburn says. “We’re preparing for a much bigger onslaught.”