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Denver, Colorado – 27 June 2017 – Albany Engineering Corporation (AEC) and M a v e l, a.s. (“Mavel”) have announced a Joint Manufacturing and Supply Agreement (Agreement) commencing a collaborative approach to the design, manufacture, and installation of the new generating equipment for four hydroelectric power plants on the Hudson River in New York State.

Benešov, Czech Republic – 30 May 2017 – M a v e l, a.s. (“Mavel”) announced the formal commissioning celebration on May 15, 2017 of the Yamada Bunsuikou Hydroelectric Power Project (“Yamada HPP”) in Tosayamada-cho, Kami-city, Kochi, Japan.

Benešov, Czech Republic – 30 May 2017 – M a v e l, a.s. (“Mavel”) announced the creation of anew management structure and related promotions of three key managers into leadership positions.

Benešov, Czech Republic – 18 May 2017 – M a v e l, a.s. (“Mavel”) announced the commissioning of RUP Vitebskenergo’s 24 MW Polotskaya Hydroelectric Power Project in the Republic of Belarus.

Benešov, Czech Republic – 13 March 2017 – M a v e l, a.s. (“Mavel”) announced that it has signed contracts for the refurbishment of two hydroelectric power plants in or near Prague in the Czech Republic.