Eagle Electromechanical Co. L.L.C. Conferred the Frost & Sullivan 2009 Entrepreneurial Company of the Year Award for Middle East Water and Wastewater Treatment Market

ABU DHABI, UAE, December 23 - The 2009 Frost & Sullivan Entrepreneurial Company of the Year
Award for Middle East Water and Wastewater Treatment Market was presented to
Eagle Electromechanical Co. L.L.C. for the outstanding growth achieved by the
company within a short span of time. Its strategic focus on being a turnkey
solution provider and firm commitment to highest quality standards have
helped the company establish itself as a respected player within the
industry.

The Frost & Sullivan Award for Entrepreneurial Company of the
Year is given to an emerging company with a vision that has enabled it to
grow despite the significant obstacles facing small companies. The recipient
of this award is chosen after assessing the nominees on the basis of
predetermined criteria through extensive research. The research process
involves collecting information through primary research with industry
experts, market participants, end-users, and other value chain players, and
supplementing that with reliable secondary information as well as our own
ongoing proprietary industry research.

Mohd Hijaz, General Manager / Partner - Eagle
Electromechanical Co. L.L.C. said, "Eagle has grown rapidly over the past few
years to reach a business capacity of Euro 100,000 turnover per year to be
one of the main players in the Middle East for the Waste Water sector. Eagle
has been awarded more than 16 plants for the new technology of MBR, and out
of them, eight are already under operation by our staff. Eagle has succeeded
in this great challenge of building a large capacity plant inside a closed
building on such a small footprint. Moreover, we are providing a high quality
product of irrigation and potable water grade, whilst meeting the best
practices of odor control, visual impact, and sludge treatment. As a company,
we are committed to creating a green environment for present and future
generations by designing and operating wastewater treatment plants aimed at
waste reduction and water reuse."

Mr. Y. S. Shashidhar, Vice President and Country Director,
South Asia-Middle East and North Africa, Frost & Sullivan, said, "Eagle has
demonstrated remarkable excellence in devising and implementing aggressive
growth strategies. This is reflected in the company's success in bagging
several prestigious projects beating down stiff competition from local and
international firms. Recognizing this unparalleled entrepreneurial spirit
exhibited by the company, we felicitate Eagle Electromechanical with Frost &
Sullivan's Entrepreneurial Company of the Year Award."

At present, the Middle East water and wastewater treatment
equipment market is valued at $1.265 billion. Though in the wake of economic
slowdown the market is witnessing subdued demand, the long term drivers for
the market remain intact. Accordingly, the overall equipment market is likely
to clock a Compound Annual Growth Rate (CAGR) of 12.8% post 2010.

About Frost & Sullivan - "We Accelerate Growth"

Frost & Sullivan, the Growth Partnership Company, partners
with clients to accelerate their growth. The company's TEAM Research, Growth
Consulting, and Growth Team Membership empower clients to create a
growth-focused culture that generates, evaluates, and implements effective
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partnering with Global 1000 companies, emerging businesses, and the
investment community from more than 30 offices in six continents. For more
information about Frost & Sullivan's Growth Partnerships, visit
www.frost.com

About Eagle Electromechanical

Eagle Electromechanical Co. L.L.C. (EECO or Eagle) is a major
Environmental Engineering player specialized in custom design, supply,
construction, operation, and maintenance of a range of water and wastewater
utilities and associated ancillaries. Established in 1985 in Sharjah, United
Arab Emirates (UAE), which remains its head office, Eagle has grown to have
over 100 Engineers, Designers and Technicians, and a total workforce of over
2,000 highly dedicated professionals with branches in Abu Dhabi and Dubai.
Eagle delivers optimal and sustainable solutions to local environmental
requirements for industrial, commercial, domestic, and municipal
applications.

    Media Contact: Frost & Sullivan

    Tanu Chopra
    Corporate Communications, Middle East
    P: +91-22-4001-3437
    F: +91-22-2832-4713
    E: tanu.chopra@frost.com

    Media Contact: Eagle Electromechanical

    Majd Hamdallah
    Operations Manager
    P: +971-4-267-2269
    F: +971-4-267-2289
    E: alhijaz@emirates.net.ae

Media Contact: Frost & Sullivan: Tanu Chopra, Corporate Communications, Middle East, P: +91-22-4001-3437, F: +91-22-2832-4713, E: tanu.chopra at frost.com; Media Contact: Eagle Electromechanical, Majd Hamdallah, Operations Manager, P: +971-4-267-2269, F: +971-4-267-2289, E: alhijaz at emirates.net.ae