At AHR Expo, Heat Pipe Technology Marks Double-Digit 2011 Sales Growth, and Record Trade Show Attendance

Berkshire Hathaway Company Sees 36% Sales Growth in 2011

GAINESVILLE, Fla.--(BUSINESS WIRE)--Heat Pipe Technology, Inc., (HPT) a division of MiTek, a Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B), today announced that it recently attended the Air-Conditioning, Heating, and Refrigeration Exposition (AHR Expo) in Chicago, where the Company marked 36% 2011 sales growth. Heat Pipe Technology is benefiting from a global rise of interest in HVAC efficiency, as shown by record attendance at AHR Expo. More than 58,000 total attendees visited 428,000 square feet of exhibit space, including overflow crowds at Heat Pipe Technology’s new product displays.

“Our 2011 sales increases topped our 2010 figures, closing out a ten-year growth trend that is already continuing into 2012. We are experiencing record success.”

“When not attending to crowds at Heat Pipe Technology’s AHR Expo booth, we were pleased to honor our top sales reps at an awards dinner,” said Mazen Awad, HPT’s Senior Vice President of Sales and Marketing. “Our 2011 sales increases topped our 2010 figures, closing out a ten-year growth trend that is already continuing into 2012. We are experiencing record success.”

The Company’s success follows recently released case studies of Heat Pipe Technology implementations that underscore why the Company is setting sales records. All of Heat Pipe Technology’s implementations recently profiled have yielded extraordinary return on investments, carbon reduction, and ongoing energy savings, quickly paying back the investment in Heat Pipe Technology, to say nothing of the year-on-year ongoing savings.

“Our ‘wrap-around’ moisture-removal dehumidification systems can increase HVAC systems dehumidification capability by up to 50%,” Mr. Awad added. “For anyone seeking better HVAC efficiency, we are a solution that clearly pays for itself in short order, and we welcome the chance to model your facility with our advanced software.”

About Heat Pipe Technology

Heat Pipe Technology is the innovation leader in passive energy recovery and dehumidification systems for commercial applications around the globe. Employing the very latest in passive-heat-transfer technology, Heat Pipe Technology designs and supplies the core energy recovery technologies to the world’s leading commercial air-handling equipment manufacturers. More info: www.heatpipe.com.