InvestorsHub Logo
Followers 15
Posts 1076
Boards Moderated 0
Alias Born 05/01/2012

Re: None

Friday, 05/18/2012 12:40:40 AM

Friday, May 18, 2012 12:40:40 AM

Post# of 221910
When reading the premature headline “SEFE Inc. Pursuing relationship with University of Colorado” one could only think UC must love Steve Kerr!
___________________

SEFE Inc. Pursuing Relationship with the University of Colorado
5/16/2012
Press Release: SEFE, Inc. –
BOULDER, Colo.--(BUSINESS WIRE)--
SEFE, Inc. (OTCBB:SEFE.OB - News) (“SEFE”) (“The Company”), a technology- and solutions-driven sustainability company, announced today that it is pursuing a partnership with the University of Colorado’s Department of Electrical and Computer Engineering. The SEFE team plans to work with both the Colorado Center for Power Electronics and the Center for Environmental Technology to perform research and development related to the physics and engineering of the Harmony III system.

“We are pleased to have the privilege of working with some of the top atmospheric scientists in the world through the University of Colorado,” stated Michael Hurowitz, SEFE’s Director of Engineering. “The university will be a critical partner in perfecting SEFE's core technology and further developing the key aspects of the Harmony III platform.”

http://www.businesswire.com/news/home/20120516005531/en/SEFE-Pursuing-Relationship-University-Colorado

It seems there are different levels of “partnerships” at CU according to their website!

When pursuing this so called “partnership” with the University of Colorado’s Department of Electrical and Computer Engineering. The first step is to give them cash like everyone else and depending how much you ‘give’ grants different levels of the departments benefits. The name UC calls these so called “partners” are sponsors. If this be the case, why would any professional corporation word-spin the name from sponsor to partner and announce it prematurely? The good news for becoming a sponsor is most likely it’s a tax write-off. But, ask your tax professional before you give.

http://ecee.colorado.edu/copec/sponsorships.php

CoPEC education and research programs focus on a combination of power electronics, analog and mixed-signal IC design. CoPEC industrial sponsors include system, semiconductor and power supply companies interested in advancing the state-of-the-art in a wide range of power management applications.

Our capabilities include a modern laboratory for prototyping and experimentation with switched-mode power converters, FPGA and DSP development systems, as well as workstations running a complete set of front-to-back CAD tools for mixed-signal IC design. Our students gain experience through a rigorous set of power electronics, analog and mixed-signal IC design courses, as well as a hands-on power electronics and photovoltaic systems laboratory course and research projects.

CoPEC offers two sponsorship levels: Full and Associate. For all members, the sponsorship benefits include:
• Access to CoPEC research results and education materials through a secure web site, contacts with CoPEC faculty and students, and a CoPEC annual meeting
• Access to CoPEC students through CoPEC internship and placement programs
• Continuing education, including short courses at reduced fees
• Technology transfer and access to IP generated through CoPEC projects
In addition to these benefits, Full members participate in jointly defined and directed research projects.
If you are interested in joining CoPEC, please contact one of the CoPEC faculty.

I’m sure UC can’t wait for the money to roll into this department too just like the last big deal they did with their golf program and interestingly the same sponsor/donor/investors name just keeps popping up, Steve Kerr. Mr. Kerr’s is also a large bridge lender and affiliate stockholder of SEFE INC.

CU's future ties with Colorado National Golf Club in question following Kerr's indictment

CU-Boulder: Too early to discuss returning gifts to indicted donor

By Brittany Anas For Hometown Weekly
Posted: 02/16/2012 10:11:03 AM MST

Former University of Colorado golfer Stephen Kerr -- who has been indicted on tax evasion charges after federal officials say he concealed millions of dollars in assets in Swiss bank accounts -- has been a big-time donor to the CU athletics program.

Kerr was among the 2005 founding members of the "Buff Club Cabinet," an upper echelon of donors who pledge to give at least $25,000 to CU's Athletic Department every year for at least three years. But Kerr switched his priorities from giving through the Buff Club Cabinet to investing in the Colorado National Golf Club in Erie, the home course for CU's golf teams.

"He had been what we'd consider a significant donor," said Athletic Director Mike Bohn. "He was in our original group but lowered his giving to help with the golf course."
The future of ties between CU's golf teams and the Colorado National Golf Club, owned by Kerr, are unclear. The course was purchased with money from off-shore accounts, according to the indictment.

Kerr bought the Vista Ridge Golf Club and signed a licensing agreement with CU to serve as its home course, reopening it as the Colorado National Golf Club in spring 2009.

"We anticipate our operations to continue as they have in the past -- and with the current licensing agreement with the golf course," Bohn said. "It's very early, and we'll see how it plays out. We'll continue as normal until further notice."

The agreement between CU and the golf course is in effect through 2038 and provides unlimited golf rounds to CU men's and women's golf teams. The club also agreed to build and maintain indoor teaching and office space to be exclusively used by CU's golf programs. And the club designates a portion of the practice driving range for exclusive use by CU's golf teams, according to the agreement.

Kerr, who also owns Fox Hill Country Club in Longmont and a business in Phoenix, has been charged with conspiracy to defraud the IRS by concealing millions of dollars in Swiss accounts, according to the Justice Department. He also faces charges of filing false income tax returns for 2007 and 2008 and failing to file reports of foreign bank and financial accounts for those years.

Joy Bertrand, an Arizona attorney representing Michael Quiel, a co-defendant, said she doubts a trial date will be set for any earlier than spring 2013, especially given the complex nature of the case.

Kerr's attorney didn't return calls on Wednesday.

Kerr's donations were processed by the CU Foundation, the university's private fundraising arm.

Jeremy Simon, a spokesman for the CU Foundation, confirmed that Kerr is not now a Buff Club Cabinet donor. He declined to reveal how much Kerr has donated to CU over time, citing donor confidentiality.

Bronson Hilliard, spokesman for the Boulder campus, said it's too early to say how CU will handle gifts from Kerr.

"Those donations he made were sufficiently in the past, and there isn't much we could do," he said. "I'm not aware if we've ever had money returned to a donor -- but what's important to realize is this individual accused of malfeasance hasn't been convicted. Any talk of returning gifts is very premature."

Kerr is free on personal recognizance, according to court documents. The orders of his release show that he's not allowed to leave the country or open any new financial accounts.

http://www.coloradohometownweekly.com/news/ci_19978956

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.