Bettwork Industries Inc. (BETW)

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"KNDR News" Kender Energy Signs New California Distribution Agreement

http://www.marketwatch.com/story/kender-energy-signs-new-california-distribution-agreement-2010-05-24?reflink=MW_news_stmp

GENEVA, May 24, 2010 (MARKETWIRE via COMTEX) -- 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.