A Memorandum of Understanding (MOU) was inked in Dubai to take the year long cooperation between S.S. Lootah Group and Hydrogenics to a new strategic level. The agreement focuses on promoting the Fuel Cell Power Modules, associated equipment and commercially viable Fuel Cell applications that cater to many industries in the Middle East region.

'IEG has been formed with the objective of promoting and accelerating the adoption of clean energy sources to supplement conventional energy sources worldwide, we will continue to introduce commercially viable advanced energy technologies and applications for many industrial, business and government sectors' said Eng. Yahya Lootah, Vice Chairman, S.S. Lootah Group and IEG President & CEO.

'The UAE has all the necessary drivers for fuel cell and hydrogen adoption as well as many other growing economies in the region. Ambitious drive and large potential for increased tourism, existing world-class energy expertise and the drive for economical diversification present a great opportunity for advanced energy technologies today.' he concluded.

Pierre Rivard, President and CEO of Hydrogenics Corporation proposed a Hydrogen Oasis in the a UAE during his speech at the advanced energy seminar, organized by S.S. Lootah Group in Dubai last September. He argued that the UAE could be the Largest Hydrogen Energy Technology deployment in the world making it one step beyond California's Hydrogen Highway, Toronto's Hydrogen Village, and Taj Mahal Hydrogen Fleet, all projects that carry the signature of Hydrogenics.

The Fuel Cell applications engineered by Hydrogenics, vary in size and cater for different industry needs from transportation to the zero-emission Fuel Cell NEV's Neighborhood Electric Vehicles, with Air-conditioning to Data Server Rooms , hotels, resorts, airports and golf courses.

'The Middle East is one of the largest markets anywhere in the world for energy related products and services, the Middle East's energy industry is active in all of the industry sectors, from power generation to natural gas, new and renewable energy and now the fuel cell applications. Said Pierre Rivard. 'The UAE is already a global player in the energy and can be a leading-edge demonstrator of the Future of Energy. Hydrogen derived from Solar, or multiplicity of sources, with no harmful emissions will displace natural gas as the main energy export from the Middle East in the future.' he added.

About IEG

The International Energy Group (IEG) is a strategic alliance of international companies in the energy sector. The IEG alliance has been forged to act as a catalyst for advanced energy technologies in the Middle East region and beyond. IEG is based in Dubai, United Arab Emirates, a regional business hub that enables IEG to reach out to a vast region. A region that seeks unique advanced technology to address its growing development needs.

IEG is committed to integrate cleaner and renewable energy sources with finite energy sources in use today, to benefit people, business and the environment. IEG will serve this unique and critical role of introducing commercially viable advanced energy technologies and applications to industrial, business and government sectors.

IEG will achieve this goal by facilitating access to the technical know-how, expertise and skills acquired through on going projects, developed, managed and implemented around the world through its alliance members. IEG believes that its collaborative work will bring clean energy technologies and applications to life in the region and beyond and will improve on the overall economics and business opportunities of the global energy industry.

About Hydrogenics

Hydrogenics is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The Company has developed a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. The Company's three areas of business include onsite hydrogen generation and refuelling systems, multi-application fuel cell power modules (5-65 kW) and a full range of fuel cell testing and diagnostics equipment and services. Currently employing over 300 people, Hydrogenics is based in Mississauga, Ontario, Canada, and has operations in North America, Europe and Asia. The company is publicly listed on the Nasdaq (HYGS) and the TSX (HYG).

About S.S. Lootah International

S.S. Lootah International was envisioned in 1999 as the international business arm of S. S. Lootah Group leading its national, regional and global business growth in the 21st century. Over the past years, we have forged successful alliances, partnerships and joint ventures with leading international companies across key industries.

Today, S.S. Lootah International has become the name behind multi billion dollars development projects in markets that caters for over 5 billion people, stretching over Asia Africa and Europe. Based in Dubai, United Arab Emirates, a world-class business and leisure hub, S.S. Lootah International business philosophy reflects Dubai's dynamism through pioneering successful projects that is critical to the needs of national and regional economic development and growth. Besides being a unique business expertise and know-how exchange platforms, our ventures facilitate knowledge creation that address pressing issues and global challenges.

With capabilities to develop, manage, support and finance some of the largest projects in the construction, industrial, telecommunications, energy, environmental research and sustainable development sectors, S.S. Lootah International will continue to pursue strategic partnerships with leading businesses worldwide.

It's our pride at S.S. Lootah International to serve the ever growing development needs, in our region and beyond, with sustainable projects that benefit people, the economy and future generations. We will continue to take the lead with entrepreneurial initiatives, following the legacy of S.S. Lootah Group, founded and chaired by Haji Saeed Ahmed Al-Lootah in Dubai in 1956.