Kender Solar September 2010 Newsletter
Date: Fri, 17 Sep 2010 15:05:01 +0200
Dear Investor,
We are happy to keep you informed of our recent corporate developments.
1. Great new steps in R&D
We have move many steps further to owning the most powerful solar panel you can find today. We have now signed an R&D partnerships with a world renown international engineering firm. We have now transferred all our R&D work to their lab, our being somehow limited in its capacity.
The steps with the engineering firm are the following:
A. Technical Viability (6 weeks of work to go)
- List of technical risks
- List of weaknesses
- List of targets for first series (volume, cost , manufacturing)
B. Market Validation (3 weeks of work)
- Business model fine-tuning
- Manufacturing strategy (on-house or outsourcing, short term and long term).
- Supplier investigation
C. Industrial strategy (3 weeks of work)
- Product and development program
- Study on manufacturing plant and setup costs (volume operational costs)
- Fully documented business model
- Opportunities and exploitation plan
Once all this is done (12 weeks), then we have the first products coming out. Also, once this work is finished, we will have major announcements on the product and our capability to produce energy (electricity) simply from air. We want to have the whole world listening when we announce that. And when this engineering firm speaks, we believe the whole world will listen.
These steps have happened with a slight slowdown, as in R&D nothing usually works on schedule. We indeed tried to push the efforts as far as possible in our own lab, but several elements needed more sophisticated equipment and staff. This has set us back by 3 months in our efforts, but we are still on track to meet our target by year end.
2. Funding of KNDR
At Kender, we have always been backed by very wealthy investors. They have supported the company, and continue to do so. We have received an investment of 250'000 US$ from our early investors, end of August. These proceeds will contribute to finanlize our R&D efforts. Substantial additional funding is available and secured, after certain R&D benchmarks are met.
3. Product availablity
The first series of prototypes for demo purposes will come out not in October 2010, but rather early next year 2011. We are a bit late, but we are getting there. You will soon be a proud shareholder of the company owning the most powerful solar energy system on the planet. Keep an eye on your KNDR ticker.
Best regards,
Sean Kelly
President & CFO
Kender Energy Inc.
36, Boulevard Helvétique
1207 Geneva
Switzerland
Web : www.kenderenergy.com
Tel : +41 22 700 7648
Fax : +41 22 700 7362
Mob : +41 79 203 7124
Skype : sean.kelly
Email : sean.kelly@kenderenergy.com
This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mail transmission cannot be guaranteed to be secured or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments
