Jordache and PMC Chocolate Factory Benefit Up to US$600,000 in Cost Savings

Abu Dhabi-UAE: 31 August, 2008 - Millennium Energy Industries (MEI), a leading MENA region solar solutions company, announced the successful commissioning of advanced solar energy solutions for two major industrial entities.

The Jordache Textile Factory, manufacturers of Levi's and GAP jeans, and the PMC Chocolate Factory, benefit up to US$600,000 in cost savings at current energy prices.

MEI has been providing advanced solar heating and cooling solutions across the MENA region since 2002. MEI's solar system currently supplies the manufacturing process of Jordache with 250,000 liters of 60 degree Celsius hot water daily in any season for the bleaching and washing of its jeans. The annual expected savings - based on actual performance numbers from the first two phases of the project during the past year - are projected to reach US$600,000 at current energy prices, with a payback period of about one year.

For PMC Chocolate Factory, solar power provides the primary energy source for maintaining the heat based process at high temperatures seven days a week, 24 hours a day.

Engineer Hisham Mikhi, General Manager of MEI, said: "This is another example of how solar energy can be utilized by the industrial sector to cut the ever rising fuel cost. Solar energy is a future energy source for the region especially in the applications of industrial heat, steam and power generation, which MEI provides for industrial clients.

"We leveraged our seven year track record and engineering experience across large scale projects to impact benefits for the two major industrial players in the region."

The turnkey system provided to PMC Chocolate Factory is anticipated to have high life expectancy with a short payback period of approximately two years.

Elias Hosh, General Manger of PMC, said: "We have been saving over 85 per cent on energy for process heating with Millennium Energy's solar solution. After a stringent evaluation of many proposed solutions from different providers, we selected Millennium Energy's solutions for their high level of experience and capability to successfully deliver advanced industrial solar energy technology."

MEI's solar solutions for the industrial sector range from hot water supply for industrial processes to steam and power generation. With increasing energy prices, an industrial solar solution has proven to dramatically improve the feasibility and profitability of industrial projects.

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About Millennium Energy Industries
MEI is an international company operating in the Middle East & North Africa (MENA) region. The company is a provider of solar energy solutions for an array of  medium and large scale applications for residential communities, commercial and industrial usage including solar industrial process hot water, low temperature and high temperature steam, solar space heating and cooling, solar hot water and swimming pool heating solutions, as well as solar power generation leveraging photo voltaic (PV) systems and/or concentrated solar thermal power systems

MEI has offices in Amman, Abu Dhabi, and Ramallah and a network of distributors and business operations in Saudi Arabia, Lebanon, Bahrain, Egypt, Syria, Libya, Iraq, Palestine and the UAE.

Catalyst Private Equity, a regional energy and water technology fund, is the lead investor and partner in Millennium Energy Industries.

www.millenniumenergy.com

For further information, please contact
Serene Serhan
JiWin
+971 4   361 3572
Fax: +971 4 3688001
Email:  serene.serhan@jiwin.ae

Houssam Kablawi
Jiwin
Tel: +971 4 3613570
Email: houssam.kablawi@jiwin.ae

© Press Release 2008