Morbark and HTI form waste-to-power partnership

Oct. 27, 2009, Winn, MI – Morbark, a manufacturer of wood reduction equipment, has
forged an agreement with Heat Transfer International (HTI) of Kentwood,
Michigan. HTI is a technology company that provides turnkey waste-to-energy biomass gasification systems. The
agreement, which will create new jobs in Michigan, includes a manufacturing
agreement for Morbark and an equity investment in HTI.

Morbark’s investment in HTI is in line with its vision of sustainable energy through
responsible forestry. “Not only will we manufacture wood reduction equipment, we’ll be producing the systems
which convert wood and other organics into usable electricity and steam,” says
Lon Morey, president and CEO of Morbark. “Our agreement with HTI will allow us to manufacture large custom
equipment systems with world class quality, and will allow HTI to focus on
managing the rapid growth of its exciting sustainable energy technology,” adds Morey.

“We feel very fortunate to have found a manufacturing partner that understands our
business and shares our visions,” states David Prouty, HTI president. “Our two companies have synergies that
will allow us both to move forward quickly and directly. Morbark gives us the manufacturing
systems and capacity to manage many projects at the same time, allowing us to
keep up with the growth we expect.”