GENEVA -- 11/23/09 --
Kender Energy Inc. (PINKSHEETS: KNDR) today
announced that it has signed a Distribution Agreement with Kahalehoe Solar
Inc. in Waianae, Hawaii.
In Hawaii, 1 in 3 homes have solar water heating systems and the state
offers one of the most generous incentive packages to convert to Solar
Energy with incentives of over $20,000 per conversion in State Tax
incentives and direct rebates to the home owner.
"With an abundance of sunlight and no other natural energy resources, the
introduction of the Kender Energy technology into the Hawaiian market is a
natural fit. We are very excited to have Kahalehoe Solar Inc. as our
distributor into this important market," expressed Sean Kelly, President
and CEO of Kender Energy Inc.
About Kender Energy Inc.:
Kender Energy Inc. is a development phase company active in the field of
solar energy. Its present prototypes of solar panels are being developed
into a full-scale solar energy production system. The particularity of the
Kender solar panel system and technology is to allow, via a closed circuit
of gas (usually helium), to create a heat exchange with the sunlight and
the air from the environment. The exchange generates the spinning of the
helium gas in the closed circuit, propelling a turbine, which produces
electricity in a 100% clean and renewable process. The system's main
advantages are that it is efficient, cheap in production, and modular. The
company is based near Geneva, Switzerland. Its Website is
www.kendersolar.com.
Safe Harbor Statement:
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct. A number of
factors may affect our future results and may cause those results to differ
materially from those indicated in any forward-looking statements made by
us or on our behalf. Such factors include our limited operating history;
our need for significant capital to finance internal growth as well as
strategic acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain profitability;
fluctuations in the trading price and volume of our stock; competition from
other providers of similar products and services; and other unanticipated
future events and conditions.
For more info. contact:
Annex Investor Relations Services
KNDR@Annex-IR.com
+1 (647) 351-7477
Kender Energy Inc.
Sean Kelly
President
(41) 22 700 7648
investors@kenderenergy.com
