Sefe Incorporated (OTC: SEFE), a technology-and solutions-driven company focusing on developing inventions that provide a real-world impact and true profitability, saw a sharp rise in its shares in the previous trading session on Friday.
SEFE shares rose 18.45% to finish the day at $1.99. The stock gained 110.78% in the last one month.
On Friday, SEFE provided an overview of its electrostatic motor and how the component fits into the design of its Harmony III flagship product. SEFE said that the electrostatic motor has been designed to operate as a generator when supplied with a high voltage-low current power source.
According to Mike Hurowitz, Lead Engineer at Sefe Incorporated, the motor will be a key piece of the electrical generation hardware for SEFE’s Harmony III system. Hurowitz said that the motor will work in tandem with SEFE’s patented dynamic electrical converter to produce usable AC power directly for immediate consumption, or grid integration. He added that the system can also be buffered with a storage medium.