SOURCE: Kender Energy Inc.

May 20, 2010 08:00 ET

Kender Energy Signs Indian Distributor

GENEVA--(Marketwire - May 20, 2010) -  Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has signed a Distribution Agreement with NanoBright Solar Ltd of Hyderabad, India.

NanoBright Solar Ltd (http://www.nanobrightsolar.com/) is a solar infrastructure company serving the individual homes market, as well as the solar water pumping industries. Kender Energy's present distribution agreement pertains to the Andhra Pradesh province, which encompasses the main cities of Hyderabad, Warangal, Vijayawada, Visakhapatnam and Nellore. On July 2009, India unveiled a $19 billion plan to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. In November 2009, it was reported that India is ready to launch its Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 MW of power by 2013. The amount of solar energy produced in India is merely 0.4% compared to other energy resources. However, as of October 2009, India is currently ranked number one along with the United States in terms of installed Solar Power generation capacity. This indicates a strong trend and growth rate, likely to extend into the future.

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.

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