Kender Energy Signs Distributor for Its Solar Technology, to Market in North Africa, Middle East, Greece, Turkey and the GCC
November 17 2009 - 4:00PM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
signed a Memorandum Of Understanding (MOU) with Malta Licensing
& Distribution Network S.A. (MLDN), a Maltese based
international distributor with exposure into over 12 countries
worldwide. Initial commitments are for 500 solar units annually.
Malta, an island state in the middle of the Mediterranean,
historically has acted as a link for many trade routes dating back
to Rome reaching into Ancient times; it also was an important
staging point during the Crusades into the Holy-Land during the
Middle Ages; and in modern times Malta is a trading hub with its
tax free zone forging an important link in the modern world's
Crusade to a Eco-friendly energy future. This significant
geographic position brings big advantages.
"Malta is an island state without significant natural resources
of petroleum products and because of this it has been an early
adaptor of renewable energy out of necessity," states Sean Kelly,
President and CEO of Kender Energy. "Malta's added benefit of being
a hub for international trade is a tremendous advantage and one of
the major reasons that we have entered into discussions with Malta
Licensing & Distribution Network S.A. to market and distribute
our Solar engine technology."
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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