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MSE Power Systems Announces Name Change to Strengthen Identity with Parent Crompton Greaves

August 10, 2010, Albany NY -- MSE Power Systems Inc (“MSE”) headquartered in Albany, NY announced today a company name change to CG Power Solutions USA Inc.

In October, 2008, MSE was acquired by Crompton Greaves Ltd. (CG), a global leader in power transmission and distribution headquartered in India. MSE's name change was a planned phase of this acquisition. CG Power Solutions USA, Inc. will remain a US-based entity. There will be no changes in management, quality of services, or personnel providing these services.

This name change comes on the heels of CG's recent opening of a new $20 million power transformer plant in Washington, MO and CG's recent announcement of its partnership with the College of Nanoscale Science and Engineering (“CNSE”) of the University of Albany to establish a $20 million Center for Intelligent Power at CNSE's Albany NanoTech Complex that will enable nanotechnology innovations for smart grid solutions, creating over 100 high-tech jobs in upstate New York and fueling development and use of clean and renewable energy technologies.

As part of the CG Group, MSE will continue to benefit from and leverage CG's collective Global technological, financial and marketing strengths to provide our customers and business partners smart comprehensive solutions.

About CG Power Solutions USA Inc (formerly MSE Power Systems)

CG Power Solutions USA Inc (formerly MSE Power Systems Inc) has propelled its growth since the acquisition, now employing 150 professionals in nine offices across North America. The company provides electrical infrastructure engineering and full turnkey EPC services to the utility, industrial, and renewable power generation markets. MSE is responsible for the integration of nearly 25% of current U.S. wind power into the transmission grid. With its subsidiary CG Automation, CG Power Solutions is strategically positioned to offer comprehensive smart grid solutions to both the utility and renewable energy markets,

About Crompton Greaves Ltd.

In the past few years, CG has been aggressively enhancing its Global footprint; and has welcomed Pauwels (Belgium, Ireland, USA, Canada and Indonesia); Ganz (Hungary); Microsol (Ireland, USA and UK); Sonomatra (France), MSE (USA) and PTS (UK) into the CG family.

These new entrants into the CG family have given CG a permanent position of stature in the Global T&D arena, in the area of power and distribution transformers, switchgear, sub-station automation, high-end on-site maintenance & repair services, systems integration in International EPC in the renewable energy segment and also rotating machines.

CG is a transnational company, with a turnover exceeding $2 billion and a presence in nine countries - India, Belgium, USA, Canada, Ireland, UK, Hungary, Indonesia and France. CG is amongst the top 10 transformer manufacturers in the world. CG is a market leader, in most business areas in its respective geographies; and has more than 8000 employees worldwide, across nationalities and cultures.

CG has three main business areas: Power Systems - a large range of Transformers, Switchgear, T&D Solutions, Engineering Projects and Services capabilities; Industrial Systems - a wide spectrum of High Tension and Low Tension rotating machines, (motors and generators) as well as related solutions; and Consumer Products - a large variety of industrial and household solutions in Lighting, Fans, Pumps, and Home Appliances.

CG is proud to be a part, of the $4 billion Avantha Group of Companies, a renowned Industrial Group with diversified interests in Engineering, Power, Paper, Food, Chemicals, Information Technology, Business Process Outsourcing and other business areas. The Avantha Group has a worldwide presence in 10 countries with more than 20,000 employees.

The CG logo, unites and links all CG companies to a common lineage globally. The colours and fonts of the new logo reflect CG's inherent traits of being passionate, responsive, down-to-earth and trustworthy. The Brand Line “Smart solutions. Strong relationships.” articulates our core brand strength - “the value we place on relationships, and the ability to provide solutions, which, in turn, strengthen these relationships”.

CONTACT:

Leslie Baker

Broadway Marketing

Phone: 518-489-3226, Ext. 618

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