Sales heating up for Earth to Air - bizjournals:

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Formed in 2002, Earth to Air Systems developsa heating and cooling systems basedf on a technology known as direct exchange called DX inthe industry. The company’s applications have been show to reduce heating and cooling costes by 50 percent to80 percent, CEO Randy Wiggs says. Earthh to Air’s system bypasses the more conventional geothermalp heating andcooling model. Insteadd of using water as a source, the technologgy skips a step and controls heating and temperatures directlt from the earth with copper The tubes tap into wellz that are 300 to 500feet deep.
Environmentallg friendly refrigerants are then piped through the Earthto Air’s revenue comes from licensing fees collecte d from heating and cooling companied who decide to market and install the Earth to Air got its firsrt international distributor two years ago when Australian entrepreneur John Gagliardi embracedd the technology. He says he’s securec more than $30 million in including contracts with school mining camps, housing projects and major corporations, such as BP. “We are moving into significan profitability,” Galiardi says, adding that he’as planning on expanding into the Southeast Asianmarkeyt soon.
Galiardi predicts that Earth to Air willbecome “a billion dollar business or Sales in the first quarter were up 60 percenr from the same time last year. “We’r e living in an time when there’zs a huge demand (for products) to reducs our dependence on foreign oil,” Gagliardoi says. “Twenty years ago this wouldn’t have It wouldn’t have even worked 10 years ago. But now the potentialo is huge.” There are multiple installations of Earthto Air’a geothermal system in the United but the company is just now settingb up a formal distributor network, says Clayto Washburn, chief operations officer at Earth to Air.
“Ouer biggest struggle is having to say noat times,” Washburjn says. “We’re preparing for a much bigger onslaught.”