Sales heating up for Earth to Air - Nashville Business Journal:

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Formed in 2002, Earth to Air Systemsz develops heating and cooling systems based on a technology known as directexchange geothermal, called DX in the industry. The company’s applications have been shown to reducre heating and cooling costs by 50 percenr to80 percent, CEO Randgy Wiggs says. Earth to Air’s system bypasseds the more conventional geothermal heating andcooling model. Insteae of using water as a the technology skips a step and controls heating and temperatureds directly from the earthu withcopper tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Earth to Air’s revenus comes from licensing fees collected from heating and cooliny companies who decide to market and install the Earth to Air got its first international distributor two years ago when Australianm entrepreneur John Gagliardi embracedthe technology. He says he’s securefd more than $30 million in including contracts withschool systems, mining housing projects and major corporations, such as BP. “Ww are moving into significant profitability,” Galiardi adding that he’s planning on expandinhg into the Southeast Asianmarket soon. Galiardi predicts that Eartnh to Air willbecome “ billion dollar business or more.
” Sales in the firsrt quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demanc (for products) to reduce our dependencee on foreign oil,” Gagliardi “Twenty years ago this wouldn’t have worked. It wouldn’t have even workedx 10 years ago. But now the potentiakl is huge.” There are multiple installations of Earthto Air’sx geothermal system in the United States, but the compant is just now settingv up a formal distributor network, says Claytohn Washburn, chief operations officer at Eartyh to Air. “Our biggest struggle is havinfg to say noat times,” Washburnh says.
“We’re preparing for a much bigge r onslaught.”