Kender Energy Enters the State of Maryland Market With New Distributor
May 13 2010 - 8:00AM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has
signed a Distribution Agreement with EcoGreen Power for
distributing the Kender Solar engine in the State of Maryland.
According to the company, the State of Maryland was the first
State to have a solar initiative and it is leading the way in the
US' goal of implementing 1 million solar installations. On average,
the State of Maryland receives 5.3 kilowatt hours per day per
square meter of solar energy. Grid-tied systems do not provide
electricity during power outages or at night unless they are
designed with an optional battery storage system. Kender Energy was
chosen, amongst others, for its ability to keep on producing energy
for some time after the sun is down, as its system is based on the
heat of the air, which remains for a portion of the evening.
Maryland is already well advanced in its solar endeavor, as
Maryland's grid-tied solar systems can also take advantage of the
Maryland Net Energy Metering law and feed any excess generation
onto the utility grid.
EcoGreen Power (www.ecogreenpower.net) is an established solar
and green energy products distributor, located in Catonsville,
Maryland. "With an abundance of sunlight and favorable clean energy
laws, the introduction of the Kender Energy technology into the
Maryland market is an interesting combination. We are very excited
to have EcoGreen Power Inc. as our distributor into this important
market," 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: Kender Energy Inc. Sean Kelly President
(41) 22 700 7648 investors@kenderenergy.com
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