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

Bettwork Industries (CE) (USOTC:BETW)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Bettwork Industries (CE) Charts.
Bettwork Industries (CE) (USOTC:BETW)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Bettwork Industries (CE) Charts.