SOURCE: Kender Energy Inc.

October 13, 2009 16:32 ET

Kender Energy Inks Deal With Oregon Based Distributor

GENEVA--(Marketwire - October 13, 2009) - 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.

Contact Information