Oasis Coils & Coatings and Heat Pipe Technology Sign Exclusive Distribution Agreement for Gulf Cooperation Council Region

Al Shirawi Group’s OCC Will Distribute Berkshire Hathaway’s HPT Solutions in UAE, Qatar, Oman, Bahrain, and Kuwait

Business Wire

TAMPA, Fla.--(BUSINESS WIRE)--

Oasis Coils & Coatings LLC (OCC), a premier HVAC coil manufacturers within the Gulf Cooperation Council (GCC) region, has signed an exclusive distribution agreement with Heat Pipe Technology, Inc. (HPT). The agreement was signed between OCC’s CEO Navin Valrani and Mazen Awad, SVP Sales and Marketing for HPT, in the presence of Gene Toombs IV, President of HPT.

With the agreement now secure, OCC will serve HPT as their exclusive distributor within the markets of the UAE, Qatar, Oman, Bahrain and Kuwait. “This exclusive distribution agreement will have a significant impact with OCC as it delivers HPT’s energy-saving heat pipe systems to all its customers within the GCC region and beyond,” said OCC’s Navin Valrani.

“OCC and HPT are joining forces to seize the opportunity to lead the industry towards a sustainable and greener future, and we are convinced this partnership will allow OCC to take a leading position in the GCC region,” Valrani added.

About HPT

HPT is a subsidiary of MiTek, a Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B). Founded in 1983 and based in Tampa, Florida, HPT is a world leader in dehumidifier heat pipe and energy recovery technologies. HPT’s solutions have demonstrated the ability to reduce energy consumption in HVAC systems by up to 50%. The Company recently celebrated 30 years of operational excellence in the HVAC industry. HPT has so far successfully integrated its technology into thousands of locations both in the U.S and around the world. Some of its top clients include Walt Disney, Kennedy Space Center, Marriot Hotels, US Military, and many more. Learn more: www.HeatPipe.com.

About Oasis Coils & Coatings LLC

In the UAE since 1989, Oasis Coils & Coatings, a member of the Al Shirawi Group of companies, is the largest HVAC coil manufacturing and coating company in the GCC region, with two manufacturing plants and offices across the region. Oasis Coils & Coatings’ facilities have obtained certifications such as ISO 9001, AHRI (ARI) and have been recipients of various awards in the industry. Learn more: www.OasisCoils.com

About the Al Shirawi Group

Oasis Investment Company's (The Holding Company of The Al Shirawi Group of Companies) success lies in the close business association between the families of Abdulla Al Shirawi and Mohan Valrani. Their commitment to the group has allowed it to grow into one of the largest manufacturing, engineering, trading, marketing, distribution, contracting and service industries conglomerates in the Arabian Gulf. With headquarters in Dubai, United Arab Emirates, it now has more diverse operations in industrial and business fields than almost any other similar group in the region. It has diversified into 29 major companies, some of which rank among the largest in the Middle East. All of these companies, each with several divisions and heterogeneous lines of specialization, play a key role in the Arabian Gulf Economy. Learn more: http://www.alshirawi.com/abt.html

Contact:
Media Contact for HPT:
John D. Wagner, 919-796-9984
jdwagner@wagnerpr.com

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