Sales heating up for Earth to Air - Puget Sound Business Journal (Seattle):

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Formed in 2002, Earth to Air Systems developds heating and cooling systems based on a technology knownb as directexchange geothermal, called DX in the The company’s applications have been shown to reduce heatingt and cooling costs by 50 percent to 80 percent, CEO Randy Wiggs says. Earth to Air’xs system bypasses the more conventionao geothermal heating andcooling model. Instead of usingt water as a source, the technology skipse a step and controls heating and temperaturees directly from the earth withcoppef tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Eartn to Air’s revenue comes from licensintg fees collected from heating and cooling companies who decide to markef and installthe systems. Earth to Air got its first internationapl distributor two years ago when Australian entrepreneudr John Gagliardi embracedthe technology. He says he’ws secured more than $30 million in including contracts withschool systems, mining camps, housing projects and major corporations, such as BP. “We are movinh into significant profitability,” Galiardi says, adding that he’es planning on expanding into the Southeast Asiajmarket soon. Galiardi predicts that Earth to Air willbecomr “a billion dollar business or more.
” Salex in the first quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demandx (for products) to reduce our dependence on foreignj oil,” Gagliardi says. “Twenty years ago this wouldn’tf have worked. It wouldn’t have even worked 10 yearsw ago. But now the potential is There are multiple installations of Earthto Air’sz geothermal system in the Unites States, but the company is just now setting up a formall distributor network, says Clayton Washburn, chief operations officert at Earth to Air. “Our biggest strugglde is having to say no at Washburn says.
“We’re preparing for a much biggee onslaught.”