Kender Energy Inks Deal With Oregon Based Distributor
October 13 2009 - 4:32PM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
signed a distribution agreement with Divergent Solar, a Portland
based Distributor of Solar Technology.
The State of Oregon is one of the most proactive States with
several tax incentive programs which are available for individuals,
businesses and governments. According to House Bill 2620,
government entities are required to spend 1.5% of total contract
for renovation improvements and new constructions on solar energy
technology. Many companies have begun to contribute to the
reduction in green house gases such as Kohl's Department Stores,
whose Oregon stores solar panel installations provides 900
kilowatts of power and produces 1 million kilowatt-hours of energy
per year. The reduction in green house gases from those solar
installations is the equivalent of taking 1,255 cars off the road
each year and produces enough energy to power 1,682 households in
Oregon annually.
"The Beaver State is truly unique in its very progressive
approach to environmentally friendly technology such as Kender's
solar engine," said Sean Kelly, President & CEO, Kender Energy
Inc. "Our product's features have sparked tremendous interest and
we believe that it will become the preferred solution in the very
near future," further added Mr. Kelly.
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
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