Kender Energy to Distribute Its Solar Technology in Portugal, the Home of the Largest Solar Photovoltaic Farm
10 Setembro 2009 - 10:00AM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
signed a distribution agreement for the country of Portugal with
Nortfil Lda of San Pedro.
Portugal, without its own oil, coal or gas, is leading the
European revolution of clean energy with some of the most ambitious
objectives for renewable energy. The country is home to the largest
solar power station with over 2,520 giant solar panels expected to
produce 45MW of electricity each year, enough to power 30,000
homes.
"Portugal's objective is to produce 31% of its energy from clean
sources by 2020 and Kender Energy's solar technology will
tremendously increase the efficiency in the harvest of solar
power," said Sean Kelly, President and CEO of Kender Energy.
"Portugal's plan to invest more than £1 billion in a series of
solar farms to power 450,000 homes makes this market a major focus
for our company," 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.
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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