Eternity Technologies Sets up World's Most Modern Industrial Battery Manufacturing Facility With Investment of AED 200mn

RAS AL KHAIMAH, U.A.E, April 25, 2011 - His Highness Shaikh Saud bin Saqr Al Qasimi, Supreme Council Member and
Ruler of Ras Al Khaimah, on Wednesday inaugurated the state-of-the-art
industrial battery manufacturing plant of Eternity Technologies at the
Industrial Park in Al Jazeera Al Hamra.

The Eternity Technologies FZ LLC plant, owned by the UAE-based Al Dobowi
Group, has been set up with an investment of Dh200 million ($54.6million). It
is the Gulf region's largest industrial battery plant, which will design and
develop motive power batteries for use in electric fork lift trucks,
industrial cleaning machines, access platforms and personnel transport.

With an annual capacity of producing one million 2-volt cells, the
company plans to export 85 per cent of its output to global markets including
US, Europe and Asia, apart from servicing the UAE and GCC countries.

Speaking at the function, Shaikh Saud said: "The opening of this advanced
plant is a high point in the development of the industrial sector of Ras Al
Khaimah and we are delighted to see that Eternity Technologies have brought
in most modern R&D technologies to their plant."

He added that the UAE has the geographical advantage of being a gateway
to a market of over two billion people, which presents a great opportunity
for companies to base their operations here.

"We have created entities like Ras Al Khaimah Investment Authority
(RAKIA) to provide optimum conditions for entrepreneurs to invest and succeed
by adopting business-friendly laws and regulations, one-stop shop licensing
procedures and excellent logistics infrastructure."

Shaikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al
Khaimah, and MK Lokesh, Indian Ambassador to the UAE, were also present at
the inauguration of the factory.

Surender Singh Kandhari, Chairman of Al Dobowi Group, said that the new
plant features state-of-the-art product and manufacturing technologies and
has a strong research focus.

The company has invested heavily in product development and design and
has set up advanced chemical laboratories and electrical test laboratories.
It incorporates latest manufacturing equipment from Germany, Austria, Italy,
the US 
and the UK.

He added that the Al Dobowi Group, operating for 35 years in the UAE, has
become a leading player in the motive industry ranging from tyres to
automotive battery and industrial battery sectors.

Contact: Ms. Clotilda Fernandes Tel : +971-4-8836661 extn 132

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