SEFE, an emerging technology and solutions driven alternative energy company, today provided the investment community with an operational update on its efforts towards bringing to market its flagship product Harmony. For the past four years, 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, stated, “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.”
SEFE has produced both fixed and mobile prototypes and has been conducting tests at various geographic locations in diverse environmental conditions. The company believes the data that has been collected from these and upcoming tests will prove invaluable as it approaches the commercialization phase.
“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,” commented Michael Hurowitz, Director of Engineering.
In addition, the company has and continues to work with top-tier attorneys and firms to protect its intellectual property and plans to file additional patents with the U.S. 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.”
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