SOURCE: Kender Energy Inc.

September 09, 2009 09:00 ET

Kender Energy Signs Major Distribution Agreement Aimed at the State of California's $2.2 Billion Solar Initiative Budget

GENEVA--(Marketwire - September 9, 2009) - Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has signed a multi-year distribution agreement with Sun's Free Solar, a California-based corporation specializing in the deployment of Clean Energy Production.

The State of California has attributed a total of $2.2 Billion US for its Solar Initiative with $1.7 Billion US going directly to Consumer Incentives with the objective of converting 1 million homes to solar energy by 2016. According to the company, the tax incentive, the cost, and overall savings provided by solar energy will enable consumers in California to quickly adapt the Kender Energy's solar technology.

"We are grateful to be working with such a progressive initiative started by Governor Arnold Schwarzenegger," said Sean Kelly, President & CEO of Kender Energy Inc. "Our revolutionary solar technology places us at the forefront of the million home program and we expect a large market share for our company as the program continues to be deployed."

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.

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