Kender Energy Signs New California Distribution Agreement
24 Maio 2010 - 9:00AM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
signed a Distribution Agreement with North-Bay Heat Transfer
Equipment Company for distributing the Kender Solar Engine in the
North Bay area.
Kender Energy, with its distributor North-Bay Heat Transfer, is
looking to take advantage of the Million Solar Roofs Bill (SB1)
signed into law in 2007. The SB 1 complements the well publicized
California Solar Initiative established by the Public Utilities
Commission and puts California on track toward building a million
solar roofs in the next ten years. Among the details of the SB law,
one is about increasing the cap on net metering, a program that
allows solar customers to get a credit on their electric bill for
excess power generated by their solar system. SB 1 increases the
cap from 0.5% of a utility's total load to 2.5% enabling close to
1,000,000 new solar system owners into the net metering program. A
total of 2,350 hours of sunlight per year in the North Bay area and
a rebate on the infrastructure cost of US$ 1.10 per installed Watt
are additional incentives to be captured to reach those goals.
North-Bay Heat Transfer (http://www.northbay-solar.com/) is an
established solar and green energy products distributor, located in
Santa Rosa, California. "With an abundance of sunlight and proven
clean energy laws, we are introducing the Kender Energy technology
into the Californian market, where the need for clean energy and
the political will to achieve it are the strongest," expressed Sean
Kelly President and CEO of Kender Energy Inc.
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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