Benesov, Czech Republic – 29 May 2009 - Mavel, a.s. announced today that it was awarded its first USA contract with the signing of an agreement with Waterline Industries, Inc. to supply a turbine and related technology for the replacement of Unit 1 at Holyoke Gas & Electric's Boatlock Hydroelectric Station ("Boatlock Station").

Holyoke Gas & Electric ("HG&E") owns and operates a 32 unit hydroelectric system through a three-tier canal system fed by the Hadley Dam in Holyoke, Mass. The Boatlock Station is situated adjacent to the Hadley Dam and has three generating units. In late 2008, HG&E solicited proposals for the replacement of the Unit 1 generating unit ("Boatlock No. 1") which housed a rated 500 kW vertical Francis turbine in 1920.

The specification called for a replacement vertical Francis and allowed for the alternative of a Kaplan runner so long as civil changes were maintained at a minimum.

Waterline Industries, Inc., headquartered in Seabrook, NH, was the successful bidder as general contractor with its proposal for offering a double regulated Mavel KVK1600K4 Kaplan turbine directly coupled to a TES Vsetin 240 rpm synchronous generator. Hydro Consulting & Maintenance Services is providing services for the removal the old technology and installation of the new technology.

In addition to the turbine, Mavel will also provide engineering and related technology, including an elbow draft tube, hydraulic power unit, electrical and control system and installation supervision. Commissioning of the 704 kW generating unit is expected for the summer of 2010.

Last month it was announced that the project is being financed by a Clean Renewable Energy Bond ("CREB") which are issued to public power systems for qualified energy projects.