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MEC Establishes UAE Presence for Patented Combustion Engine Technology

To promote the technology across the GCC, India and Africa Dubai October 26th, 2011: CO2 emissions from petrochemical plants, cement factories, water desalination plants, gas flaring, and utilities in the Gulf Cooperation Council countries (GCC) are generally among the highest in the world. The six GCC members are among the top 15 countries in the world in per capita CO2 emissions from fossil fuels. Qatar ranks the highest in the world, Bahrain ranks third, while the United Arab Emirates (UAE) and Kuwait are ranked fifth and sixth i. Furthermore, the 2011 Key World Energy Statistics states that the Middle East accounted for 5.2 percent of CO2 emissions as of 2009ii. With a wealth of resources and a pressing need to find solutions that reduce emissions, the GCC needs to adopt innovative green technologies and progressive renewable sources to lead the world out of a fossil fuel dependent system. This is according to Bjorn Skjervold, CEO of Magnetic Emission Control AS (MEC AS), a leading Norwegian company that develops ground-breaking emissions reduction technology. Setting up in the UAE, which is the growing heart of renewable and green tech makes perfect sense, said Bjorn Skjervold, CEO of MEC AS. With the GCC being caught up in a contradictory position of being the main producer and emitter of carbon, while at the same time taking a leading role in pursuing green and renewable initiatives, we decided that the time was right to expand our footprint to the country, which is the region's innovation hub.

MEC executives had visited the UAE in mid September 2011 to investigate opportunities of marketing their technology in the GCC and surrounding and geographical areas such as India and Africa. Dubai was quickly chosen to be the company's regional hub due to its proximity to major markets, its advanced physical and legal infrastructure, and the fact that most major global companies have their regional headquarters in the Emirate. We are dealing globally with several companies in varied sectors such as land and marine transportation, gas turbines, open flare oil field production and coal burning industries. Having recently entered the UAE market, we have established strong contacts across industries for our patented technology that leads to increased fuel efficiency, by up to 20 percent and reduced emissions, he continued. The technology offered by MEC reduces fuel consumption resulting in savings of millions of dollars, especially for land and water transportation companies. With strong interest from industries in the UAE, MEC AS now has plans to take this technology to markets across the Gulf Cooperation Council (GCC). In terms of carbon emissions, Africa accounts for 3.2 percent while Asia excluding China accounts for 10.9 percentiii. These statistics show the dire need for combustion solutions that are low on carbon emissions and more environmentally friendly. Our technology, when applied correctly results in reduced carbon, soot and particle emissions, explained Skjervold. Currently, MEC AS has over 16,000 satisfied customers in Europe and the United States, many of whom reported fuel savings of between 8 and 12 percent. However, MEC AS officials believe that the biggest opportunity for increased fuel efficiency and reduced carbon emissions is with combustion engine manufacturers who can now incorporate the technology into their manufacturing process. -ENDS-

About Magnetic Emission Control (MEC) AS: Magnetic Emission Control AS (MEC AS) is a Norwegian company that works to optimize combustion processes, and for that reason, save fuel, money and the environment. MEC AS is engaged with companies in various sectors including land and marine transportation, gas turbines, asphalt and cement production, open flare oil field production and coal burning industries. About Magnetic Emission Control in USA: MEC AS works in North America through Omega-Tec, MEC ASs strategic partner for defense and the automotive after-market. Currently, MEC AS has over 16,000 satisfied customers in Europe and the United States of America (USA). However, MEC AS officials believe that the biggest opportunity for increased fuel efficiency and reduced carbon emissions is with combustion engine manufacturers, who can now incorporate the technology into their manufacturing process. For media requests, please contact: THECONTENT|FACT0RY Phone: +971 (4) 447 2501 Email: team@tcf-me.com Fax: +971 (4) 3447 2505 P.O. Box 29764 Dubai, United Arab Emirates

i White Paper on The GCCs new war: fighting industrial pollution by Dr A.F. Alhajji is Associate Professor, Ohio Northern University and Gulf Energy Program and Moderator at GRC ii International Energy Agencys 2011 Key World Energy Statistics iii International Energy Agencys 2011 Key World Energy Statistics