Investor Presentaiton

Technology Collaboration Programme by lea Annual Sales (1,000 units) Source -The Japan Refrigeration and Air Conditioning Industry Association (JRAIA) (JP) Market - Commercial Packaged Air Conditioners 1,000 The financial crisis 2021 Summer Olympics 800 600 400 200 Year Stable at around 800,000 units annually. The surge in sales in 2019 might be attributed to the demand for 2021 Summer Olympics held in Tokyo. www.heatpumpingtechnologies.org HPT

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