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Mitsubishi Electric Grows in Gwinnett

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Mitsubishi Electric US Cooling & Heating Division is fully operational at its new
headquarters, the Division”s fifth headquarters in Gwinnett County since it began
operations here in 1992. The massive 550,000-square-foot facility is the Cooling &
Heating Division”s U.S. distribution hub and consolidates all local operations under one
roof.

Expansion in Gwinnett represents the company”s strong growth and continuing long-
term investment in the County and the greater Atlanta region. Serving both commercial
and residential markets, Mitsubishi Electric is a leading marketer of Variable Refrigerant
Flow (VRF) zoning and ductless air-conditioning and heating systems.

“We are investing in Georgia so we can be more competitive and quicker to market,”#
said Kenichiro Yamanishi, president and CEO, Mitsubishi Electric Corporation, Tokyo.
“This warehouse will hold literally tons of product ready to ship anywhere in the
Americas. Our engineering center will host a wide depth of talent. Products designed
and stored here will not only serve the U.S. market but the global market as well.”#

“The U.S. Division is the fastest growing HVAC entity worldwide and is extremely
important to Mitsubishi Electric Corporation,”# said Katsuya Takamiya, president and
CEO, Mitsubishi Electric US, Inc. “This Division has experienced exponential growth
over the last decade and we know there is enormous potential for future growth.”#

“Georgia offers numerous resources and assets that consistently attract international
companies and broaden our role in the global business community,”# stated Gov. Nathan
Deal. “Mitsubishi Electric has found in Georgia and Gwinnett County a strategically
advantageous location for its growth and success. I”m committed to helping Georgia”s
job creators prosper and thrive.”#

“I want to thank Mitsubishi Electric for their commitment to Gwinnett – a testament to
our County”s pro-business environment, available workforce, and overall quality of life,”#
said Gwinnett County Commission Chairman Charlotte Nash. “We celebrate Mitsubishi
Electric”s strong presence in our community and look forward to their continued growth
in the future.”#

The new facility was designed by Macgregor Associates Architects, Atlanta, and built
by Industrial Developments International (IDI), Atlanta, to meet the U.S. Green Building
Council”s LEED# certification standards and the Green Globes assessment and rating
system. It is nearly twice the size of the Cooling & Heating Division”s former space and
now includes the Division”s headquarters, an engineering center, a professional training
center and warehouse space.

“In the 20 years we have called Gwinnett County home, we have outgrown four offices,”#
said Shuji Morisaki, senior vice president, general manager, Mitsubishi Electric US
Cooling & Heating Division. “Our Division has experienced double-digit growth over the
past five years, and we fully expect this to continue moving forward. We”re pleased to
be in this spacious new location that accommodates our continuing expansion.”# This
division also plans to hire more than 100 engineers, warehouse workers and others
locally over the next three years.

“At Mitsubishi Electric, we value industry leadership and innovation, and the U.S. HVAC
Division consistently exemplifies these values,”# added Takamiya.

The Cooling & Heating Division”s new headquarters is one of many key investments
that Mitsubishi Electric Corporation has made in North America in recent years as it
works to strengthen its global presence. Along with recently expanded manufacturing
facilities in Memphis, Tenn., and Pittsburgh, Mitsubishi Electric will open its first North
American HVAC production facility in Mexico in October 2013 to serve the U.S. and
Latin American markets.