Sales heating up for Earth to Air - Minneapolis / St. Paul Business Journal:

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Formed in 2002, Earth to Air Systema develops heating and cooling systems basef on a technology knowb as directexchange geothermal, called DX in the industry. The company’e applications have been shown to reduce heating and coolinyg costs by 50 percent to80 percent, CEO Randyg Wiggs says. Earth to Air’s syste bypasses the more conventional geothermal heating andcoolinhg model. Instead of using water as a source, the technolog y skips a step and controls heating and temperatures directlt from the earth with copper The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then pipex throughthe tubes.
Earth to Air’s revenue comees from licensing fees collected from heatingv and cooling companies who decider to market and installthe systems. Earth to Air got its firstr international distributor two years ago when Australia entrepreneur John Gagliardi embraced the Hesays he’s secured more than $30 millionj in projects, including contracts with school mining camps, housing projects and major corporations, such as BP. “W e are moving into significant profitability,” Galiardij says, adding that he’s planning on expanding into the Southeastr Asianmarket soon. Galiardi predicts that Eartn to Air willbecome “a billion dollaf business or more.
” Sales in the first quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demand (for to reduce our dependence on foreignj oil,” Gagliardi says. “Twent y years ago this wouldn’t have It wouldn’t have even workexd 10 years ago. But now the potential is huge.” Therse are multiple installations of Eartnhto Air’s geothermal system in the United but the company is just now setting up a formal distributor network, says Claytoh Washburn, chief operations officer at Earth to Air. “Ou biggest struggle is having to say no at Washburn says.
“We’re preparing for a much bigger onslaught.”