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IEV SECURES A MAJOR CNG SUPPLY AWARD FROM PT ULTRAJAYA MILK INDUSTRY TBK

PT IEV GAS (“IEV GAS”), has received a formal five - year Gas Sales Agreement (“GSA”) from PT Ultrajaya Milk Industry Tbk (“PT Ultrajaya”) to supply compressed natural gas (“CNG”) to its manufacturing plant in West Java, Indonesia. PT Ultrajaya will purchase more than 500,000 million metric British thermal units (“mmbtu”) of CNG, assuming the minimum off-take is 85% of the total contracted units of CNG.