SOURCE: Kender Energy Inc.

September 22, 2009 09:00 ET

Kender Energy Strikes New Agreement With Renergy Power and Places a Foothold on Australia's $1.35 Billion Solar Budget

GENEVA--(Marketwire - September 22, 2009) - Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has signed an agreement with Renergy Power Systems Ltd. Of Sydney, Australia (http://www.renergy.com.au/) to distribute the Kender Solar Turbine in Australia.

The 2009 Australian budget delivered a total of $1.35 Billion for Solar power initiatives. This new budget, to be deployed over a period of six years, calls for funding four new solar plants. The Australian Government has also provided a tax incentive in the form of rebates of $8,000 per installation of solar energy on homes.

"Australia has always been a leader when it comes to renewable energy and now with its aggressive tax incentives and large budget, we can easily foresee 8,000 Kender units in that country alone," said Sean Kelly, President and CEO of Kender Energy Inc. "The deployment of our technology remains easy and affordable, when compared to the competition and we expect to take a large market share in Australia as well," 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), and 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