Kender Energy Hiring Leading Engineering Firm
May 12 2010 - 4:00PM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
begun the process of selecting the engineering firm which will be
mandated to finalize the pre-market and market ready Kender Solar
Engine.
According to the company, a well-known formula one engineering
firm is currently the preferred choice for the mandate, but
management has not entered into any agreements until the review of
all potential firms is completed.
The fundamental research performed on the two initial prototypes
has yielded tremendous results and the company is now moving
towards the industrialization of its Solar Engine.
"Our next phase is to improved efficiency and reliability of the
engine," said Sean Kelly, CEO of Kender Energy. "The engineering
firm selected will help us with the necessary test as well as
complete a design that can be industrialized," 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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