SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SEFE, Inc. (OTCBB: SEFE.OB) (“SEFE”) (“The Company”), an emerging technology and solutions driven alternative energy company, is pleased to provide an update on its efforts towards bringing to market our flagship product Harmony.
Specifically, since 2008 the company has been testing, protecting and preparing its technology to commercially launch an aerostatic collector to harness atmospheric electricity and convert atmospheric electricity into usable power. Donald Johnston, Chief Executive Officer, commented, “Our technology was founded in 2008 with a view towards having a positive impact on our communities by utilizing a ubiquitous and cheap source of energy – atmospheric electricity. The last four years have seen this mere idea evolve into a solution that we aim to commercialize and sell to mining and manufacturing companies as well as to utility companies and others.”
Most recently, the company has produced both fixed and mobile prototypes and has been conducting tests at various geographic locations in diverse environmental conditions. The data collected from these and upcoming tests will prove invaluable as we approach commercialization.
“Since the initial tests proved that this could be a viable energy source, we have been building a portfolio of intellectual property to protect our solutions in order to ensure our place in a growing alternative energy industry. This includes patented technology to provide a low cost and highly available source of electric power,” said Michael Hurowitz, Director of Engineering.
In addition, the company has and continues to work with top tier attorneys and firms to protect the company’s intellectual property and plans to file additional patents with the US Patent and Trademark Office.
Mr. Johnston added, “According to Bloomberg New Energy Finance’s Global Renewable Energy Market Outlook, global net power production is scheduled to increase by 90% over the next 20 years. Also, the clean energy market is expected to grow to $254 billion by 2017. This information along with more aggressive energy policies at all levels of government, position SEFE’s technology to participate not only in the existing renewables market but also to capitalize on the growth of renewables use in developing economies.”
About SEFE, Inc.
SEFE focuses on pushing the boundaries of what’s possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a project’s sustainability from an environmental perspective.
For more information, visit www.sefelectric.com.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Quoted Sources: http://www.newenergyfinance.com/WhitePapers/download/53