Hydro Alternative Energy, Inc. Announces Agreement with Parametric Solutions, Inc.

October 22, 2009

Hydro Alternative Energy, Inc. ("HAE"), a renewable energy company, announced today that it signed an agreement with Parametric Solutions, Inc., ("PSI") an engineering and product development company located in Jupiter, FL.

BOCA RATON, FL, October 22, 2009 /24-7PressRelease/ -- HAE is developing a system to generate clean, inexpensive and predictable energy by converting ocean and tidal currents into usable energy through its Hydro Power Generation System. Utilizing these currents we can create significantly higher levels of power generation as compared to other renewable and/or alternative energy sources such as, wind and solar power. The turbines within our system will be positioned on the sea floor, so it is out of the general line of sight and will continually run with the current. We have designed these systems to be modular in design, environmentally friendly and unobtrusive to the surrounding area.

Since its' founding PSI has diversified and expanded from its gas turbine engine design roots into numerous industries including, Aerospace, consumer products, medical equipment, transportation, submerged water vehicles and much more. PSI staffs more than 40 engineers, modelers, drafters and checkers. PSI's large staff of highly experienced, multi-disciplined professionals allows their well rounded teams to tailor to the individual projects which may need to be developed or assembled quickly. PSI staff has extensive experience in the design of power generation technologies, gas turbine, internal combustion engines and submerged vehicle technology. These key technologies will be fully leveraged to advance the state of the art of water turbine technology and bring fully developed products to the market quickly.

Jon Landau, CEO of HAE, is quoted saying that "he is very excited about the vast experience, knowledge and resources that PSI brings to HAE's project. We are looking forward to their involvement with the ongoing development and manufacturing of our Hydrokinetic Power Generation Systems and we feel that their involvement will enhance our designs and speed up actual development and manufacturing of the systems."

Joel Haas, CEO of PSI, has stated that he sees great potential in HAE and is excited to be working on HAE's Hydrokinetic Power Generation System. He feels that PSI will add tremendous value to the project and help HAE bring industry leading products to market faster than originally anticipated. http://www.HydroAlternativeEnergy.com

Certain statements made by Hydro Alternative Energy, Inc. in this release and other periodic oral and written statements, regarding the Company's operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, awarded sales, volume growth, earnings or general belief in the Company's expectations of future operating results are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made about the company's anticipated financial results are forward-looking statements subject to risks and uncertainties such as the breadth and severity of the global economic downturn; the strength of housing and related markets; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; foreign currency effects; retail and industrial demand; product introductions; and pricing and other competitive pressures, as well as other risk factors. Forward-looking statements included herein are made as of the date hereof, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.

Hydro Alternative Energy, Inc
http://www.HydroAlternativeEnergy.com
561-900-7200

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