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Investor Presentaiton

Technology Collaboration Programme by lea Annual Sales (units) Market - Commercial HPWH 5,000 The financial crisis The Great East Japan Earthquake 2021 Summer Olympics 6,000 4,000 3,000 2,000 1,000 2006 2007 2008 2009 2010 2011 2012 Fiscal Year (Apr.- Mar.) 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source -The Japan Refrigeration and Air Conditioning Industry Association (JRAIA) (JP) Around 3,000 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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