Kender Energy to Enter the Electric Vehicle Propulsion Market
May 14 2010 - 7:00AM
Marketwired
Kender Energy Inc. (PINKSHEETS: KNDR) today announced that through
the process of hiring an engineering firm, it has discovered that
its technology can be applied to electric vehicles.
According to the fundamental research reports, the two initial
prototypes produce significant energy, however wear and tear was
too high due to heat and lack of efficient components. Therefore,
the engineering of the pre-market and industrial prototype will be
based on a turbine structure that can be used to also power an
electric vehicle both during the day with the heat of the sun and
lithium batteries for evening use. This new concept will create a
new generation of long-range electric vehicles.
"In our selection process we have met with several Engineering
firms and one in particular is specialized in Formula One Race Car
engineering and based on our conversation, the turbine and electric
vehicle concept was born," said Sean Kelly, President of Kender
Energy Inc. "Our technology would allow an electric vehicle to go
long-distances at higher speeds without the need for a charge while
providing the efficiency and reliability the industry is looking
for," further added Mr. Kelly.
The company is continuing to review the engineering firm
proposals and expect to unveil the winning bidder as well as the
electric vehicle propulsion concept over the next several
months.
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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