Investor Presentaiton

Annual Sales (units) Technology Collaboration Programme by lea Source -The Japan Refrigeration and Air Conditioning Industry Association (JRAIA) (JP) Market - Residential HPWH (EcoCute) 500,000 The financial crisis The Great East Japan Earthquake 600,000 Į 400,000 300,000 200,000 100,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 Fiscal Year (Apr.- Mar.) 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 Cumulative Sales (units) Around 500,000 units annually with an increase of 30,000 units annually. The cumulative sales will reach 9 million units in fall 2023 at this rate. www.heatpumpingtechnologies.org HPT

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