DNRG News 12/26/2016 - 0.0012
Post# of 273249
Posted On: 12/26/2016 5:54:10 AM
Dominovas Energy Corporation $DNRG News
Last updated 12/26/2016 - 0.0012
Dominovas Energy Continues Discussions With Madagascar for Energy Projects
Nov 30, 2016
OTC Disclosure & News Service
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Dominovas Energy Continues Discussions With Madagascar for Energy Projects
ATLANTA, GA--(Marketwired - Nov 30, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today it has concluded a business trip to Madagascar, Africa, which by invitation specifically and purposefully coincided with the Francophonie Summit 2016 event that was held last week in the island nation's capital city Antananarivo, Madagascar. Neal Allen, Dominovas Energy Chairman and CEO continued discussions with the government for the deployment of a nation-changing 650MW power plant for Madagascar. This announcement, closely follows Dominovas Energy's having recently filed an 8K chronicling the execution of a reciprocal letter of Interest (LOI) with the Government of Madagascar for the deployment of a baseload power supply.
The President of Madagascar has an unequivocal resolve to end the energy deficit of the country and is a primary objective. As such, this 650MWs of base-load power will create a substantial baseload of electricity generation that, heretofore, has not existed for the nation. It is anticipated that Dominovas Energy and the Government of Madagascar will next sign a binding Memorandum of Agreement that defines the deliverables and responsibilities of both parties, as it pertains to the installation, deployment, and operation of the 650MW power plant within Dominovas Energy's BOOTT (Build, Own, Operate, Train, Transfer) construct.
Dominovas Energy officials were also invited to participate in significant events and meetings that took place during the Francophonie Summit 2016 and they were hosted by the newly created agency AMDP (Agence Malagasy de Développement économique et de Promotion des Entreprises), as headed by the Directeur Général Mr. Hugues Ratsiferana. AMDP was envisioned by the President and was created early September of this year to specifically spur and accelerate economic development and investment within Madagascar. One of the first objectives of the agency is to lay a foundation for primary baseload power for the country. Dominovas Energy is working hand-in-hand with government officials and key members of AMDP to provide this baseload power from the proposed 650MW plant which will allow for large scale critical economic development on Madagascar.
In addition to meeting Madagascar's president Hery Rajaonarimampianina at the inauguration of the "Industry Salon of Madagascar," productive meetings were held with the Minister of Energy Lieutenant-General Herilanto Raveloharison, as well as with the Directeur Général Délégué of the AMDP Mr. Joana Ravaloson.
Neal Allen, CEO and Chairman of Dominovas Energy, noted, "I applaud the President's leadership, vision and commitment to the future of Madagascar. Several countries were considered by Dominovas Energy as a possible 'ground zero' for this power plant, but Madagascar has exhibited an unyielding commitment to this project from the initial introduction of the opportunity and has put in place exceptionally competent people to shepherd this project. From the beginning, President Rajaonarimampianina recognized the significance of this project and further, if successfully deployed, its paramount importance for Madagascar's short and long term national development. We are quite excited to have converted a well-structured project idea into a material project that will literally light this island nation. After visiting the island earlier this year, and with several subsequent visits prior to last week's visit, Dominovas Energy worked relentlessly to development a sound and comprehensive energy solution for Madagascar. We jointly recognize that a legacy project of this nature and magnitude is clearly a once in a lifetime opportunity."
The power project's spillover effect from a macroeconomic point starts with the significant augmentation of Madagascar's present energy capacity that will serve to not only "electrify" its population, but also this electricity will serve as the ignition for many of the mining, manufacturing, and resort enterprises as necessary for them to act as force-multipliers and major employers that will energize and support Madagascar's economy as a whole. These industries and others, will be natural off-takers for a large portion of the electricity produced. Madagascar is experiencing, first-hand, the effect of suppressed demand of power. Studies have shown that corporations and people will access, use, and pay for power if it is available, sustainable, and reliable. Madagascar's lack of sufficient base-load power has constrained and significantly limited the country's growth potential. Ultimately, the anticipated increase in power production and the revival of the manufacturing and mining sectors will also directly positively affect the service and hospitality industries. Job creation in excess of 3,000 people during the construction period of the plant is expected, along with a significant number of people to be employed as ongoing operation of the plant will be necessary. With an anticipated investment by Dominovas Energy of between US$1.2 billion and US$1.5 billion, Madagascar's Gross Domestic Product (GDP) could very well double within the next 3-5 years. Madagascar should anticipate that because of this substantial investment in the plant that subsequent major investments will follow from the manufacturing, hospitality, mining, and agriculture sectors.
Neal Allen, CEO and Chairman of Dominovas Energy, further noted, "This project is of paramount importance for Madagascar's national development. Dominovas Energy's investment will support a multitude of opportunities moving Madagascar from its current modality, to a substantial global economic competitor. We are honored and equally excited to have the privilege to begin this journey with Madagascar."
During the coming months, Dominovas Energy will perfect all feasibility studies as well as execute all documents required for successful financial close during 2017. It will also subsequently structure the project in concert with the Government of Madagascar and a "best in class" EPC. With the requisite funding and financial close anticipated with the next several months, Dominovas Energy will immediately commence the building of the power plant and will support the expansion of the footprint of the present power transmission network throughout the country, all concomitant with the plant installation.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its energy solutions for deployment in multi-megawatt power generation worldwide. The worldwide pursuit of ecologically sustainable and efficient production of electricity inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to, strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions. By deploying these solutions throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact that advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
About Madagascar
Madagascar, officially the Republic of Madagascar (French: République de Madagascar), and previously known as the Malagasy Republic, is an island country in the Indian Ocean, off the coast of Southeast Africa. The nation comprises the island of Madagascar (the fourth-largest island in the world), and numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian peninsula around 88 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth.
Until the late 18th century, the island of Madagascar was ruled by a fragmented assortment of shifting sociopolitical alliances. Beginning in the early 19th century, most of the island was united and ruled as the Kingdom of Madagascar by a series of Merina nobles. The monarchy collapsed in 1897 when the island was absorbed into the French colonial empire, from which the island gained independence in 1960. The autonomous state of Madagascar has since undergone four major constitutional periods, termed republics. Since 1992, the nation has officially been governed as a constitutional democracy from its capital at Antananarivo. However, in a popular uprising in 2009, president Marc Ravalomanana was made to resign and presidential power was transferred in March 2009 to Andry Rajoelina. Constitutional governance was restored in January 2014, when Hery Rajaonarimampianina was named president following a 2013 election deemed fair and transparent by the international community. Madagascar is a member of the United Nations, the Organisation internationale de la francophonie, and the Southern African Development Community (SADC).
In 2012, the population of Madagascar was estimated at just over 22 million. Malagasy and French are both official languages of the state. The majority of the population adheres to traditional beliefs, Christianity, or an amalgamation of both. Ecotourism and agriculture, paired with greater investments in education, health, and private enterprise, are key elements of Madagascar's development strategy.
For more information, please visit: https://www.cia.gov/library/publications/the-...os/ma.html and/or https://en.wikipedia.org/wiki/Madagascar
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Secures Gas Supply for South Africa
Nov 21, 2016
OTC Disclosure & News Service
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Dominovas Energy Secures Gas Supply for South Africa
ATLANTA, GA--(Marketwired - Nov 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today it has come to terms and agreement and has signed a Memorandum of Understanding (MOU) with Egoli Gas (Pty) Ltd of South Africa (http://www.egoligas.co.za) to ensure the delivery of a steady and reliable supply of natural gas for the operation of its RUBICON™ Solid Oxide Fuel Cell (SOFC) System. This supply and delivery of natural gas will service not only the RUBICON™ demonstration unit at the University of Johannesburg, but additionally the anticipated units throughout Johannesburg, South Africa.
Having come to the realization of the logistical and supply obstacles with the previously planned use of Liquefied Petroleum Gas (LPG), the Company has worked relentlessly over the last few months to secure a sustainable, economical, and available fuel source that fully supports the logistics necessary for seamless and efficient delivery of natural gas. The collaboration with Egoli Gas will provide Dominovas Energy with the gas supply required for the continual operation of the RUBICON™ in South Africa. Dominovas Energy can now continue the scheduled launch of its next phase of the demonstration project's development for delivery, installation, and operation of RUBICON™ at the University of Johannesburg.
During the coming months, Egoli Gas will complete the infrastructure necessary to support a dedicated natural gas pipeline, as well as place meters at the designated termination point for the operation of the RUBICON™ on the campus at the University of Johannesburg. Egoli Gas expects that the installation will be complete and ready for operational use 1 April of 2017. The MOU creates a framework for Egoli Gas and Dominovas Energy to work in collaboration to demonstrate the benefits of effective natural gas use and will also set the stage for the long-term relationship between Dominovas Energy and Egoli Gas. The Companies will work in partnership on additional multi-MW scale projects within the Egoli Gas footprint within Johannesburg proper, with anticipation of an expanded footprint throughout the country.
When asked about the impact of this collaboration, Egoli Gas Managing Director Tyusha Monde enthusiastically noted, "I strongly stress the significance of this collaboration with Dominovas Energy and its meaning to Egoli Gas. Educating the public of Egoli's goal to make natural gas the 'go to' fuel source for South Africans is our primary mission. Our partnership with Dominovas Energy will serve as a beacon for our mission, as we collectively champion and demonstrate the significant positive impact the utilization of natural gas can have on both residential and commercial levels." Monde added, "We have been working with Dominovas Energy to solidify our relationship and to identify the scope of our contribution to the first-ever SOFC systems in South Africa. The opportunity to supply natural gas for the RUBICON™ and to become a long-term gas supplier for Dominovas Energy's future projects in Johannesburg and throughout South Africa is, indeed, exciting and a step of monumental proportions for us at Egoli Gas."
Michael Watkins, COO and President of Fuel Cell Division, noted, "Identifying and evaluating the proper fuel source for the RUBICON™ is of paramount importance for the execution of the Company's business model in South Africa. After having identified all integers and eliminating the main barrier for the commercial deployment of the RUBICON™, I am quite excited to have secured an extraordinary and well respected Company who will be a cornerstone infrastructure partner that sets the stage for the installation of the RUBICON™ in South Africa. This MOU speaks volumes to the amount of work and effort the Company has put forth to materialize this collaboration. The Company, in no uncertain terms, is now firmly positioned for the delivery, installation and commissioning of the RUBICON™ within the South African market and I cannot be more excited."
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions. By deploying these solutions throughout the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
About Egoli Gas (Pty) Ltd.
Egoli Gas (Pty) Ltd is a natural gas reticulator based in Johannesburg who services more than 7500 domestic, central water heating, commercial and industrial businesses in the Johannesburg area. Egoli Gas offers environmentally-friendly, safe, reliable and energy-efficient natural gas to its residential and commercial customers. Its commitment to energy efficient, low carbon lifestyle ensures an uninterrupted flow of natural gas ready to use when it's needed, safely. Egoli Gas acquires natural gas from Sasol, which is stored at a secure facility in Langlaagte where it is carefully monitored and controlled. The gas is reticulated to Egoli Gas' Cottesloe premises where it's stored in low pressure holders before being reticulated to homes and businesses across the city. For domestic use, Egoli Gas is located in many of the more established Johannesburg suburbs; however, the pipeline extends even further for its commercial and industrial customers.
For more information, visit http://www.egoligas.co.za
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Dispatches Watkins to Meet With Gas Supplier
Nov 08, 2016
OTC Disclosure & News Service
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Dominovas Energy Dispatches Watkins to Meet With Gas Supplier
ATLANTA, GA--(Marketwired - Nov 8, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today that its Chief Operating Officer and President of Fuel Cell Division Michael Watkins was dispatched last week, as ordered directly by Chairman and CEO Neal Allen to meet with a natural gas supplier in South Africa for the sole purpose of securing a natural gas supply, as will be required for the operation of the Company's RUBICON™ Solid Oxide Fuel Cell (SOFC) System both for the 50kW demonstration unit as well as for other commercial deployments that are in the pipeline. The Company recently announced its successful presentation on the analysis of its Energy Solutions Survey to the Central Technical Services Department of the University of Johannesburg in late October, 2016. These next meetings marked an integral step as the company begins the final phase of planning as it begins the implementation process that will allow for the installation of the 50kW demonstration SOFC system at the University of Johannesburg and subsequent commercial sized baseload RUBICON™ units throughout Johannesburg and, in time, the overall region.
The Company's initial solution of utilizing Liquefied Petroleum Gas (LPG) from the region was found to be problematic because of inconsistencies in the quality of the LPG, as well as the overall lack of logistics to support the delivering of LPG in South Africa. Once a natural gas supplier is secured and engaged, Dominovas Energy will set a foundation for additional natural gas usage, growth, and access throughout Johannesburg and the region that was, heretofore, believed to not be profitable.
When asked about the results of the meetings, Watkins was quoted as saying, "My meetings were attended by key decision makers that highlighted their interest not only in expanding their distribution and sales of their product, but they also exhibited a true knowledge of and interest in the RUBICON's ability to further expand consumer's choices for electricity delivery. The possible interaction between our companies would allow for an expanded market for them, as well as a profitable and sustainable market for the RUBICON™. The talks were productive and sincere and I believe strongly that both parties came away from the meetings understanding that the potential for mutual benefit is almost unlimited. I do feel quite positive about securing a definitive agreement and I am hopeful that resolution will be in short order."
During the week, Watkins also took time to visit Dr. T.C. Jen on the campus of the University of Johannesburg to discuss the progress of the development of the Research Institute for the study of fuel cell systems as well as to update Dr. Jen on the status of the ongoing natural gas supply discussions, as the supply natural gas is a precursor to the deployment of the 50kW RUBICON™ demonstration unit.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to, strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions, measurably cleaner than GenSets and CCGT. By deploying these solutions throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact of advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Presents the Findings of Energy Survey to University of Johannesburg
Oct 27, 2016
OTC Disclosure & News Service
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Dominovas Energy Presents the Findings of Energy Survey to University of Johannesburg
ATLANTA, GA--(Marketwired - Oct 27, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today that its Chief Operating Officer and President of Fuel Cell Division Michael Watkins gave a successful presentation on the analysis of the Energy Solutions Survey to the Central Technical Services Department of the University of Johannesburg on October 25, 2016. Dominovas Energy circulated the Energy Solutions Survey to the University in September of this year. In his presentation, Mr. Watkins shared with Mr. Brent Africa, Director of Utilities and other attendees a complete and thorough analysis of the findings of the Energy Survey. The survey served to identify the overall state and consumption and efficiency of electricity use at the University. Additionally, all emissions associated with current electricity generation of the University were measured and analyzed. The analysis also utilizes metrics that determines potential savings in the form of reduced electricity cost, heat utilization and carbon credit sales potential.
Mr. Africa enthusiastically noted, ''The systematic approach of Dominovas Energy has allowed us to better understand the overall 'state' of our energy usage that now supports our quantifying the 'true' cost of electricity and thermal energy generation at the University. The University is currently prioritizing its efforts to manage energy efficiency, as well as minimize the overall cost of energy delivery to its campuses. Dominovas Energy's analysis of the Energy Survey and the presentation of the results could not have come at a better time to the University. The benefits that the RUBICON™ system offers to the university relative to true savings is undeniable. We have a true opportunity to collaborate on a plan of action that could lead to the deployment of the RUBICON™ system.
As a follow-up to this visit, Dominovas Energy will now proceed with the University for the presentation of a Power Provider Agreement (PPA) based on the analysis and current understanding of the energy needs of the University that will unequivocally support a multi-MW base load power generation installation.
Mr. Watkins shared his excitement after the presentation, ''It was an honor to present the analysis and address the questions of the utility managers as they now are aware of how and what could lead to savings by using the RUBICON™ for base-load power generation. I am very pleased to know that the RUBICON™ system can definitely assist the university in its overall efforts to cut operating costs and to manage its resource in the most efficient manner. Dominovas Energy eagerly awaits the next steps in our process."
Dominovas Energy will now structure a PPA based on the analysis and current understanding of the Energy needs of the University.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Advances Its Plans for Africa
Oct 14, 2016
OTC Disclosure & News Service
-
Dominovas Energy Advances Its Plans for Africa
ATLANTA, GA--(Marketwired - Oct 14, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has formally submitted a Request for Proposal (RFP) for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa in an effort to be awarded a 20 megawatt (MW) Power Purchase Agreement (PPA) utilizing its RUBICON™ Solid Oxide Fuel Cell technology. This 20-year PPA was a collaborative submission by Dominovas Energy and its joint venture partner for the project Mponeng Holdings [PTY] LTD, a South African company located in Johannesburg.
Mponeng Holdings (MPH) t/a Pharox Lumens Africa is a sustainability energy management company which, through its proven technologies, enables energy users to reduce energy consumption in order to preserve energy resources for the future and reduce environmental pollutions by promoting efficient energy use. Its "Demand-Side Management" applications enable clients to run clean and green operations leading to reduced carbon emissions and energy consumption, thereby, maximizing bottom line whilst preserving the environment. MPH is also currently appointed to explore and implement energy efficiency and renewable energy initiatives within the Msunduzi Local Government Municipality.
"The submission of this RFP and entering into this 'JV' agreement with MPH is an extension of our goal to expand and establish roots in multiple regions within sub-Saharan Africa," said Dominovas Energy's chief operating officer and the president of its Fuel Cell Division Michael Watkins. "Having set our sights initially on the 50kW Showcase for Johannesburg, we believe it is critical that the follow-up and immediate next steps be in place and determined early in the process to maintain the momentum we hope to create with the installation of the 'Showcase.' We simply do not see it as prudent to install and then seek to determine the 'next' client," Watkins added.
If awarded, this 20MW RUBICON™ system will be installed to provide electricity for the Ekurhuleni Metropolitan Municipality in Johannesburg, South Africa.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Petitions for Project Grants Through United States Trade and Development Agency
Sep 29, 2016
OTC Disclosure & News Service
-
Dominovas Energy Petitions for Project Grants Through United States Trade and Development Agency
ATLANTA, GA--(Marketwired - Sep 29, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has formally submitted grant proposals to the Unites States Trade and Development Agency (USTDA) https://www.ustda.gov for the advancement in the proliferation of its RUBICON™ Fuel Cell technology as well as its hydroelectric system, the ORCAS™. With parallel tracks for the deployment of its energy-efficient and renewable energy systems, the Company has petitioned USTDA for a combined amount of just over US $2.1 million dollars. The submissions are specific to four distinct projects and budgets with total power output for the combined projects equal to a total of 2.9 Megawatts. The grant requests range from a low of $355,000 to a high of $800,000.
USTDA projects are assessed based upon their viability as proven technologies along with their intended and expected social and environmental impact. USTDA funding is open to private, public, and PPP beneficiaries. While there is no prescribed minimum or maximum grant amount, projects generally range between $350,000 and $1,500,000 per project. The funding is on a 100% grant basis for the project sponsor. The hallmark of USTDA's assistance is establishing links between U.S. companies and overseas project sponsors to bring private sector solutions to development challenges. Types of project preparation assistance USTDA provides includes: pre-feasibility and feasibility studies in order to provide the required comprehensive analysis for infrastructure projects to achieve successful financing and implementation; technical assistance to provide technical analysis, design, legal and/or advisory support related to commercial activities and infrastructure development; e.g. advanced engineering and design, environmental impact analysis, legal and regulatory services, equipment vendors & EPC contractor identification, project structuring activities, etc. pilot projects in order to demonstrate the effectiveness of U.S. technological solutions and provide the analysis, evaluation and empirical data needed to secure funding; support on enabling environment activities to address specific issues that block project/sector success; e.g. sector policies, master plans, capacity building, feed-in tariff studies. USTDA does not provide any financial instruments such as working capital, sub-ordinated loans, equity, risk insurance, etc. Dominovas Energy's project proposals for both the RUBICON™ and ORCAS™ systems were submitted in compliance with the USTDA requirements.
Dominovas Energy's RUBICON™ is a highly efficient fuel cell system that provides base-load power by converting the chemical energy of a hydrocarbon fuel (natural gas) into electricity. The core of the RUBICON™ is built on a Solid-oxide Fuel Cell (SOFC) platform, which employs an electrochemical process resulting in a high fuel-to-electric efficiency of 60%. Due to its high electrical efficiency, the RUBICON™ produces significantly less pollutants (CO2, NOx, PM10) on a per kWh of produced energy than the competition (GenSets, turbine, micro-turbine). Additionally, the RUBICON™ has a minimal number of moving parts within its system, and thereby, operates virtually silently. SOFC cells are stacked in the RUBICON™ to obtain the desired power output. Heat generated within the RUBICON™ system can be utilized further for hot water production or space heating resulting in a combined heat and power efficiency of ~85%. The RUBICON™ operates nearly 100% of the time of the year requiring minimal maintenance and shutdown during the initial years of operation.
The Company's proprietary ORCAS™ system employs proven and long deployed "Run-of-River (ROR) technology to generate electricity. In ROR systems, running water is diverted from waterways and is guided via channels to penstocks which then leads to a generating house. Here, the force from the head and flow of the water spins turbines which, in turn, powers generators. Used water is fed back into the main river further downstream. It is important to note that the difference between run-of-river and large, conventional storage hydro, is the absence of a reservoir or dam in the conventional sense. Run-of-river relies on coursing rivers to generate electricity, as opposed to stored water.
Dominovas Energy's ROR solution is based upon proven technology that allows for short deployment times that generally range between 18 and 24 months. The Company, as previously announced, partnered with Andritz Hydro, who has been a global leader for hydro power generation for over 100 years. Andritz maintains a global presence in more than 50 locations and more than 25 countries worldwide. Andritz Hydro installed the Republic of Madagascar's first hydro-turbine in 1918, and installed additional capacity there as recently as 2003.
Dominovas Energy recently announced the addition of Dr. Emma Rasolovoahangy to its Company as Special Advisor for overseeing and directing operations of Renewable Energy. She has a keen interest for projects in the Republic of Madagascar, her native land. With her appointment Dominovas Energy intends to vigorously pursue projects there. The World Bank has identified and documented that Madagascar holds an enormous potential for hydropower generation with up to 7000MW available from over 500 potential sites. and Dominovas Energy intends to engage Madagascar's water resource via its ORCAS™ system with the guidance and direction of Dr. Rasolovoahangy.
The submission of the USTDA proposals helps set the stage for ultimately determining deployment feasibility, viability, and timelines for both the ORCAS™ and the RUBICON™. The Company expects to receive the USTDA's decision on its submissions during the month of October.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Seeks to Become an Exclusive Energy Provider for the University of Johannesburg
Sep 21, 2016
OTC Disclosure & News Service
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Dominovas Energy Seeks to Become an Exclusive Energy Provider for the University of Johannesburg
ATLANTA, GA--(Marketwired - Sep 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has entered into formal negotiations with key officials at the University of Johannesburg to become the exclusive supplier of electricity for the campuses of the University of Johannesburg in Johannesburg, South Africa utilizing Dominovas Energy's RUBICON™ Solid Oxide Fuel Cell (SOFC) technology. The Company has submitted its Energy Solutions Technical Survey to facilities managers of the University that will determine the overall need of the campuses and will ultimately set the stage for the execution of a formal Power Provider Agreement (PPA) between Dominovas Energy and the University of Johannesburg. The total number of Megawatts (MW) expected from the PPA will be a minimum of 12MW.
"As we have been working very closely with University officials over the last number of months, this was a natural progression of business, having first come together to facilitate the 50kW Showcase at the University of Johannesburg. As the 'right' individuals have become more educated on the prowess and efficiency of Dominovas Energy's RUBICON™ system, the inquiries became more specific as to what the Company could do for the University at large to deliver a cleaner, more efficient use of resources for the generation of electricity," Dominovas Energy COO and president of its fuel cell division Michael Watkins commented. "The key was to first determine the energy need of the University and those steps are underway as we speak. The second step was to insure a dedicated fuel source was in place to power the RUBICON™," Watkins went on to say.
The RUBICON™ has the ability to reform multiple hydrocarbons to be utilized as a fuel source, however, the reliability of delivery of said fuel source and the consistency of the fuel source is critical to the overall operation of the system to generate continuous electricity. Dominovas Energy and the University of Johannesburg officials are working in tandem to insure the delivery of a reliable natural gas fuel source, as the logistics for other fuels such as Liquefied Petroleum Gas (LPG) and Diesel fuel do not support a seamless, reliable and consistent delivery in the University that can be used in the RUBICON™.
When asked how this will impact the launch of the 50kW Showcase, Watkins said, "This is a long-term play for Dominovas Energy to provide utility-scale electrification to Africa, and as soon as a reliable natural gas source is in place, the Company will be ready to fire up the 'Showcase' and show its capabilities to the public at large. I will be able to offer a concrete timeframe for the delivery of the fuel source and subsequent launch in a matter of days. However, while we work to insure the delivery of dedicated natural gas infrastructure to the University, I am excited that the exercise of working in collaboration has now led to our becoming an exclusive electricity provider. It speaks an awful lot about the dedication of effort and the technical work that is happening behind the scenes in an effort to deliver our system to the sub-Saharan region and beyond," Watkins concluded.
University officials are finalizing Dominovas Energy's Energy Solution Technical Survey, which will allow Dominovas Energy to be able to conduct a complete and thorough analysis of the overall "State" of electricity at the University of Johannesburg. With this analysis, the Company will create a report on current inefficiencies within the current infrastructure and will further show the potential savings that will be realized utilizing the RUBICON™ to generate electricity.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Set to Deliver Its Rubicon Showcase
Aug 23, 2016
OTC Disclosure & News Service
-
Dominovas Energy Set to Deliver Its Rubicon Showcase
ATLANTA, GA--(Marketwired - Aug 23, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announced it is finalizing plans to deliver its long awaited RUBICON™ to the University of Johannesburg in Johannesburg, South Africa.
Since its initial announcement in May of 2016 that it would deliver a "Showcase" (Demonstration Unit), the company engineers and strategists, along with the unyielding support of its strategic partners have been working daily to deliver the much-anticipated RUBICON™ to the market place.
As a part of the ongoing process, Dominovas Energy Chairman and CEO Neal Allen met late last week with the University of Johannesburg's Director, Manufacturing Research Centre, Department of Mechanical Engineering Science Professor Tien Chien Jen (http://www.tienchienjen.com) on the campus of the University to determine the actual site and deployment strategy for RUBICON™, as well as to discuss next steps in the plans for the development of the Institute for Hydrogen Fuel Cell Technology, which will be a collaborative venture between Dominovas Energy and the University of Johannesburg for the advancement of the study of fuel cell technology in and for the entire sub-Saharan region.
Photo Gallery: http://dominovasenergy.com/august-2016-visit-...annesburg/
"Achieving clean power has always been a dream for humankind. SOFC [Solid Oxide Fuel Cell] provides the clean power that not only satisfies the need of society, but also does so with minimal environmental impact. It is our privilege to have the RUBICON™ SOFC system from Dominovas Energy Corporation installed at the University of Johannesburg (UJ). With the establishment of the Institute for Hydrogen Fuel Cell Technology at UJ on the horizon, this state-of-the-art SOFC system provides a welcome boost to the development of a new research frontier -- for the vision of a future clean power supply for South Africa and the whole of Africa," lauded Professor Jen when asked what it means to be working with Dominovas Energy on this exclusive collaboration.
Dominovas Energy Executive Vice President for Fuel Cell Operations Dr. Shamiul Islam was quoted as saying, "Let there be no doubt, Dominovas Energy is committed 100% to the delivery of its 'Showcase' to South Africa. This is one of a multitude of steps in the development and coordinated collaboration taking place with all of our partners in this project from design and engineering to site allocation, to fuel shipping and commissioning." Islam went on to add, "I am excited to see the progress being made as necessary steps are taking place that have set the path for execution and delivery of our system."
The "Showcase" is a first step in Dominovas Energy's ultimate goal to deliver its one-of-a-kind multi-Megawatt system to the region, as the engineering effort continues for the presentation of the first system in 2017. The pictures of the visit can be found on the Dominovas Energy website.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
http://www.qualitystocks.com/
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Open Letter to Shareholders
Jul 21, 2016
OTC Disclosure & News Service
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Open Letter to Shareholders
ATLANTA, GA--(Marketwired - Jul 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today issues the following letter from Chief Executive Officer and Chairman Neal Allen.
Respected Dominovas Energy Corporation Shareholder:
By way of this letter, please allow me to introduce myself to many new shareholders, while also greeting many of you that already know me as Dominovas Energy's Chairman and CEO. The Dominovas Energy journey began over 8 years ago, as I traveled the globe witnessing firsthand the lack of consistent, affordable, clean and reliable electricity, specifically in Asia, the Caribbean, and Africa.
I knew there was a solution, and I challenged myself and my business partners to find it. Initially, we studied the energy business as a whole; however, after much analysis and investigation, the Company rated fuel cell technology as its "go to" solution, with hydro technology and solar coming in second and third. In determining that fuel cell technology would be the initial focus, we understood that hydro and solar were less technologically and financially taxing and challenging solutions that currently provide energy on short term and long term basis around the world. Our goal, however, is to deliver a long term solution that can yield exponential benefits with multiple verticals, such as heating and cooling, and tremendously reduce carbon dioxide emissions to users. Within this construct, there is not a more robust solution than the fuel cell.
The next determination was to decipher what type of fuel cell technology would best represent the impact I felt would be needed to truly make an undeniable difference for the customer. After many months of study and exploration, we chose Solid Oxide fuel cell technology and we have set forth a mandate to produce the RUBICON™ for deployment in multi-megawatt arrays, thus producing electricity for the most viable markets.
Presently, the Dominovas Energy's board consists of Mr. Spero Plavoukos, Mr. Emilio DeJesus, and myself. Our executive team includes myself as Chairman and CEO; Mr. Michael Watkins, as COO; Mr. Kreneshen Moodley, Managing Director of the Africa Division; Dr. Shamiul Islam, Director of Fuel Cell Operations; Mr. Leeshan Ramasamy, Managing Director of CURRENTENERGY, our hydro division; Mr. Vassillis Koutros, Managing Director of Francophone countries; and Mr. Alejandro Cotreras, Finance Manager. We additionally continue to work with several different project finance teams to finance individual projects the company has secured. Utilizing their expertise and experience allows Dominovas Energy to make significant strides in this regard, and I am optimistic their yield will serve Dominovas Energy Corporation well. I enthusiastically invite you to review our company website for more detailed information on the entire Dominovas Energy team.
As a valued shareholder, I can tell you that the "state" of Dominovas Energy Corporation is progressive and cutting edge and we continue to grow each and every day. Over the past 2 years, my team has worked diligently to become and remain fully compliant with respect to the company's filings as a fully reporting and publicly traded company. We are building the exceptional team necessary to set and stay our course. I do not feel the stock price at its current levels truly reflects the value of the Company, as evidenced by the many milestones we have achieved over the last two and one-half years. I do, however, recognize that our trading volume is an indication of a tremendous amount of positive visibility and market support that has allowed us to support our ongoing efforts in a major way.
Time will reveal the diligence and adroit planning we have put forth in building this company. My objectives over this past year were purposefully explicit in nature, as I had to build the business operations and plan of execution to carry out our mandate as an "Energy Solutions Company", concomitant with deploying solutions and technology that will allow the company to profitably commercialize the RUBICON™.
We are resolute in our mandate to always execute smartly and efficiently. Our plan of execution is simple and direct and includes fully utilizing the resources we have labored hard over the last year to secure. We have the "best of the best" in the industry as OEM partners, including AVL List Gmbh, who contractually has developed the first ever and only megawatt-true fuel cell system specifically for Dominovas Energy. This is a historical event for the industry, as no other company has created such a system that combines cost effectiveness, efficiency, and reliability all in a single system.
In continuance of only partnering with "Best in Class" partners, the Company has created CURRENERGY, its new hydro division brought forth via partnership with the venerable ANDRITZ Hydro, which has over 100 years of manufacturing and on the ground experience in Africa and beyond. Additionally, we have a cadre of OEM partners that are collaborating with us. We have orders to fill; and we are continuing to develop and nurture our political and social capital as required to yield significant results and returns in the short term. Having been able to secure Edison Power Group of South Africa is a tremendous step towards the continuance of laying a foundation for long-term growth and sustainability of Dominovas Energy.
Of significant note, and as was previously reported in our 8K filing and press release, Dominovas Energy Corporation is a Private Partner member of President Obama's Power Africa Initiative. Please visit the Power Africa website for greater detail on the significance of the relationship: https://www.usaid.gov/powerafrica.
Although your paths to becoming DEC shareholders vary greatly, consider yourselves fortunate, as I feel bullish about our company, our mandate, our products, our direction, and our future. As Chairman and CEO, I will continue to expect excellence and delivery in all we do as a company. I appreciate your confidence in Dominovas Energy and the team of leaders we have assembled.
With many thanks for your continued support,
Neal Allen
Chairman & CEO
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Announces Plan to Restructure and Consolidate Outstanding Debt
Jun 29, 2016
OTC Disclosure & News Service
-
Dominovas Energy Announces Plan to Restructure and Consolidate Outstanding Debt
ATLANTA, GA--(Marketwired - Jun 29, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces the activation of a plan targeted to restructure and eliminate the Company's approximately $700,000 in convertible debt. As the Company entered into an agreement with GHS Investments, LLC and it received an effective notice for its S-1 filing in January of this year for up to US $7.5M, its plan now is to utilize this vehicle for operating capital and to reduce its convertible debt.
On November 12th, 2015, the Company closed agreements with GHS Investments, LLC for the purchase of Dominovas Energy shares which would allow the Company to receive up to $7.5M. On January 11, 2016, the Company received its notice of effectiveness for the S-1 Registration Statement from the Securities and Exchange Commission that was filed late December of 2015. This plan represents a shift in the overall financing strategy of Dominovas Energy, moving away from the utilization of convertible debt as a sole source of financing.
As the Company draws down on its GHS Investment equity line and has additional cash proceeds available, it plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares. The Company is also in discussions with GHS Investments regarding long-term equity financing strategy that is not a convertible debt structure. Dominovas Energy currently has no plans to take on any new debt or operational capital in connection with this restructuring plan.
"Dominovas Energy is one of the most prolific companies of its kind in the fuel cell industry. It has best-in-class strategic partners for the build and manufacturing of its RUBICON™ fuel cell system; it has contract orders for multiple-Megawatts (MW); it has project financing in place once requisite guarantees are set and in place; the Company has what most Companies in the industry have longed for - so we had to take a close look at what could be depressing the stock price," said Dominovas Energy COO Michael Watkins. "We came to the realization and belief that there is simply too much pressure on the stock as a result of the existing convertible debt; and with our new plan to eliminate said debt, we hope to see representative growth for the Company. We have changed our methods of financing and operating the Company with a goal of increasing clarity and reporting of our operations and providing a stronger vehicle for our shareholders," Watkins concluded.
"With the successful presentation of the 50kW 'Showcase' set for installation in Johannesburg, South Africa in August, the Company will be well on its way for the eventual deployment of its multi-Megawatts units in sub-Saharan Africa," said Watkins.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company" , contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Last updated 12/26/2016 - 0.0012
Dominovas Energy Continues Discussions With Madagascar for Energy Projects
Nov 30, 2016
OTC Disclosure & News Service
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Dominovas Energy Continues Discussions With Madagascar for Energy Projects
ATLANTA, GA--(Marketwired - Nov 30, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today it has concluded a business trip to Madagascar, Africa, which by invitation specifically and purposefully coincided with the Francophonie Summit 2016 event that was held last week in the island nation's capital city Antananarivo, Madagascar. Neal Allen, Dominovas Energy Chairman and CEO continued discussions with the government for the deployment of a nation-changing 650MW power plant for Madagascar. This announcement, closely follows Dominovas Energy's having recently filed an 8K chronicling the execution of a reciprocal letter of Interest (LOI) with the Government of Madagascar for the deployment of a baseload power supply.
The President of Madagascar has an unequivocal resolve to end the energy deficit of the country and is a primary objective. As such, this 650MWs of base-load power will create a substantial baseload of electricity generation that, heretofore, has not existed for the nation. It is anticipated that Dominovas Energy and the Government of Madagascar will next sign a binding Memorandum of Agreement that defines the deliverables and responsibilities of both parties, as it pertains to the installation, deployment, and operation of the 650MW power plant within Dominovas Energy's BOOTT (Build, Own, Operate, Train, Transfer) construct.
Dominovas Energy officials were also invited to participate in significant events and meetings that took place during the Francophonie Summit 2016 and they were hosted by the newly created agency AMDP (Agence Malagasy de Développement économique et de Promotion des Entreprises), as headed by the Directeur Général Mr. Hugues Ratsiferana. AMDP was envisioned by the President and was created early September of this year to specifically spur and accelerate economic development and investment within Madagascar. One of the first objectives of the agency is to lay a foundation for primary baseload power for the country. Dominovas Energy is working hand-in-hand with government officials and key members of AMDP to provide this baseload power from the proposed 650MW plant which will allow for large scale critical economic development on Madagascar.
In addition to meeting Madagascar's president Hery Rajaonarimampianina at the inauguration of the "Industry Salon of Madagascar," productive meetings were held with the Minister of Energy Lieutenant-General Herilanto Raveloharison, as well as with the Directeur Général Délégué of the AMDP Mr. Joana Ravaloson.
Neal Allen, CEO and Chairman of Dominovas Energy, noted, "I applaud the President's leadership, vision and commitment to the future of Madagascar. Several countries were considered by Dominovas Energy as a possible 'ground zero' for this power plant, but Madagascar has exhibited an unyielding commitment to this project from the initial introduction of the opportunity and has put in place exceptionally competent people to shepherd this project. From the beginning, President Rajaonarimampianina recognized the significance of this project and further, if successfully deployed, its paramount importance for Madagascar's short and long term national development. We are quite excited to have converted a well-structured project idea into a material project that will literally light this island nation. After visiting the island earlier this year, and with several subsequent visits prior to last week's visit, Dominovas Energy worked relentlessly to development a sound and comprehensive energy solution for Madagascar. We jointly recognize that a legacy project of this nature and magnitude is clearly a once in a lifetime opportunity."
The power project's spillover effect from a macroeconomic point starts with the significant augmentation of Madagascar's present energy capacity that will serve to not only "electrify" its population, but also this electricity will serve as the ignition for many of the mining, manufacturing, and resort enterprises as necessary for them to act as force-multipliers and major employers that will energize and support Madagascar's economy as a whole. These industries and others, will be natural off-takers for a large portion of the electricity produced. Madagascar is experiencing, first-hand, the effect of suppressed demand of power. Studies have shown that corporations and people will access, use, and pay for power if it is available, sustainable, and reliable. Madagascar's lack of sufficient base-load power has constrained and significantly limited the country's growth potential. Ultimately, the anticipated increase in power production and the revival of the manufacturing and mining sectors will also directly positively affect the service and hospitality industries. Job creation in excess of 3,000 people during the construction period of the plant is expected, along with a significant number of people to be employed as ongoing operation of the plant will be necessary. With an anticipated investment by Dominovas Energy of between US$1.2 billion and US$1.5 billion, Madagascar's Gross Domestic Product (GDP) could very well double within the next 3-5 years. Madagascar should anticipate that because of this substantial investment in the plant that subsequent major investments will follow from the manufacturing, hospitality, mining, and agriculture sectors.
Neal Allen, CEO and Chairman of Dominovas Energy, further noted, "This project is of paramount importance for Madagascar's national development. Dominovas Energy's investment will support a multitude of opportunities moving Madagascar from its current modality, to a substantial global economic competitor. We are honored and equally excited to have the privilege to begin this journey with Madagascar."
During the coming months, Dominovas Energy will perfect all feasibility studies as well as execute all documents required for successful financial close during 2017. It will also subsequently structure the project in concert with the Government of Madagascar and a "best in class" EPC. With the requisite funding and financial close anticipated with the next several months, Dominovas Energy will immediately commence the building of the power plant and will support the expansion of the footprint of the present power transmission network throughout the country, all concomitant with the plant installation.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its energy solutions for deployment in multi-megawatt power generation worldwide. The worldwide pursuit of ecologically sustainable and efficient production of electricity inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to, strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions. By deploying these solutions throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact that advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
About Madagascar
Madagascar, officially the Republic of Madagascar (French: République de Madagascar), and previously known as the Malagasy Republic, is an island country in the Indian Ocean, off the coast of Southeast Africa. The nation comprises the island of Madagascar (the fourth-largest island in the world), and numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian peninsula around 88 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth.
Until the late 18th century, the island of Madagascar was ruled by a fragmented assortment of shifting sociopolitical alliances. Beginning in the early 19th century, most of the island was united and ruled as the Kingdom of Madagascar by a series of Merina nobles. The monarchy collapsed in 1897 when the island was absorbed into the French colonial empire, from which the island gained independence in 1960. The autonomous state of Madagascar has since undergone four major constitutional periods, termed republics. Since 1992, the nation has officially been governed as a constitutional democracy from its capital at Antananarivo. However, in a popular uprising in 2009, president Marc Ravalomanana was made to resign and presidential power was transferred in March 2009 to Andry Rajoelina. Constitutional governance was restored in January 2014, when Hery Rajaonarimampianina was named president following a 2013 election deemed fair and transparent by the international community. Madagascar is a member of the United Nations, the Organisation internationale de la francophonie, and the Southern African Development Community (SADC).
In 2012, the population of Madagascar was estimated at just over 22 million. Malagasy and French are both official languages of the state. The majority of the population adheres to traditional beliefs, Christianity, or an amalgamation of both. Ecotourism and agriculture, paired with greater investments in education, health, and private enterprise, are key elements of Madagascar's development strategy.
For more information, please visit: https://www.cia.gov/library/publications/the-...os/ma.html and/or https://en.wikipedia.org/wiki/Madagascar
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Secures Gas Supply for South Africa
Nov 21, 2016
OTC Disclosure & News Service
-
Dominovas Energy Secures Gas Supply for South Africa
ATLANTA, GA--(Marketwired - Nov 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today it has come to terms and agreement and has signed a Memorandum of Understanding (MOU) with Egoli Gas (Pty) Ltd of South Africa (http://www.egoligas.co.za) to ensure the delivery of a steady and reliable supply of natural gas for the operation of its RUBICON™ Solid Oxide Fuel Cell (SOFC) System. This supply and delivery of natural gas will service not only the RUBICON™ demonstration unit at the University of Johannesburg, but additionally the anticipated units throughout Johannesburg, South Africa.
Having come to the realization of the logistical and supply obstacles with the previously planned use of Liquefied Petroleum Gas (LPG), the Company has worked relentlessly over the last few months to secure a sustainable, economical, and available fuel source that fully supports the logistics necessary for seamless and efficient delivery of natural gas. The collaboration with Egoli Gas will provide Dominovas Energy with the gas supply required for the continual operation of the RUBICON™ in South Africa. Dominovas Energy can now continue the scheduled launch of its next phase of the demonstration project's development for delivery, installation, and operation of RUBICON™ at the University of Johannesburg.
During the coming months, Egoli Gas will complete the infrastructure necessary to support a dedicated natural gas pipeline, as well as place meters at the designated termination point for the operation of the RUBICON™ on the campus at the University of Johannesburg. Egoli Gas expects that the installation will be complete and ready for operational use 1 April of 2017. The MOU creates a framework for Egoli Gas and Dominovas Energy to work in collaboration to demonstrate the benefits of effective natural gas use and will also set the stage for the long-term relationship between Dominovas Energy and Egoli Gas. The Companies will work in partnership on additional multi-MW scale projects within the Egoli Gas footprint within Johannesburg proper, with anticipation of an expanded footprint throughout the country.
When asked about the impact of this collaboration, Egoli Gas Managing Director Tyusha Monde enthusiastically noted, "I strongly stress the significance of this collaboration with Dominovas Energy and its meaning to Egoli Gas. Educating the public of Egoli's goal to make natural gas the 'go to' fuel source for South Africans is our primary mission. Our partnership with Dominovas Energy will serve as a beacon for our mission, as we collectively champion and demonstrate the significant positive impact the utilization of natural gas can have on both residential and commercial levels." Monde added, "We have been working with Dominovas Energy to solidify our relationship and to identify the scope of our contribution to the first-ever SOFC systems in South Africa. The opportunity to supply natural gas for the RUBICON™ and to become a long-term gas supplier for Dominovas Energy's future projects in Johannesburg and throughout South Africa is, indeed, exciting and a step of monumental proportions for us at Egoli Gas."
Michael Watkins, COO and President of Fuel Cell Division, noted, "Identifying and evaluating the proper fuel source for the RUBICON™ is of paramount importance for the execution of the Company's business model in South Africa. After having identified all integers and eliminating the main barrier for the commercial deployment of the RUBICON™, I am quite excited to have secured an extraordinary and well respected Company who will be a cornerstone infrastructure partner that sets the stage for the installation of the RUBICON™ in South Africa. This MOU speaks volumes to the amount of work and effort the Company has put forth to materialize this collaboration. The Company, in no uncertain terms, is now firmly positioned for the delivery, installation and commissioning of the RUBICON™ within the South African market and I cannot be more excited."
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions. By deploying these solutions throughout the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
About Egoli Gas (Pty) Ltd.
Egoli Gas (Pty) Ltd is a natural gas reticulator based in Johannesburg who services more than 7500 domestic, central water heating, commercial and industrial businesses in the Johannesburg area. Egoli Gas offers environmentally-friendly, safe, reliable and energy-efficient natural gas to its residential and commercial customers. Its commitment to energy efficient, low carbon lifestyle ensures an uninterrupted flow of natural gas ready to use when it's needed, safely. Egoli Gas acquires natural gas from Sasol, which is stored at a secure facility in Langlaagte where it is carefully monitored and controlled. The gas is reticulated to Egoli Gas' Cottesloe premises where it's stored in low pressure holders before being reticulated to homes and businesses across the city. For domestic use, Egoli Gas is located in many of the more established Johannesburg suburbs; however, the pipeline extends even further for its commercial and industrial customers.
For more information, visit http://www.egoligas.co.za
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Dispatches Watkins to Meet With Gas Supplier
Nov 08, 2016
OTC Disclosure & News Service
-
Dominovas Energy Dispatches Watkins to Meet With Gas Supplier
ATLANTA, GA--(Marketwired - Nov 8, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today that its Chief Operating Officer and President of Fuel Cell Division Michael Watkins was dispatched last week, as ordered directly by Chairman and CEO Neal Allen to meet with a natural gas supplier in South Africa for the sole purpose of securing a natural gas supply, as will be required for the operation of the Company's RUBICON™ Solid Oxide Fuel Cell (SOFC) System both for the 50kW demonstration unit as well as for other commercial deployments that are in the pipeline. The Company recently announced its successful presentation on the analysis of its Energy Solutions Survey to the Central Technical Services Department of the University of Johannesburg in late October, 2016. These next meetings marked an integral step as the company begins the final phase of planning as it begins the implementation process that will allow for the installation of the 50kW demonstration SOFC system at the University of Johannesburg and subsequent commercial sized baseload RUBICON™ units throughout Johannesburg and, in time, the overall region.
The Company's initial solution of utilizing Liquefied Petroleum Gas (LPG) from the region was found to be problematic because of inconsistencies in the quality of the LPG, as well as the overall lack of logistics to support the delivering of LPG in South Africa. Once a natural gas supplier is secured and engaged, Dominovas Energy will set a foundation for additional natural gas usage, growth, and access throughout Johannesburg and the region that was, heretofore, believed to not be profitable.
When asked about the results of the meetings, Watkins was quoted as saying, "My meetings were attended by key decision makers that highlighted their interest not only in expanding their distribution and sales of their product, but they also exhibited a true knowledge of and interest in the RUBICON's ability to further expand consumer's choices for electricity delivery. The possible interaction between our companies would allow for an expanded market for them, as well as a profitable and sustainable market for the RUBICON™. The talks were productive and sincere and I believe strongly that both parties came away from the meetings understanding that the potential for mutual benefit is almost unlimited. I do feel quite positive about securing a definitive agreement and I am hopeful that resolution will be in short order."
During the week, Watkins also took time to visit Dr. T.C. Jen on the campus of the University of Johannesburg to discuss the progress of the development of the Research Institute for the study of fuel cell systems as well as to update Dr. Jen on the status of the ongoing natural gas supply discussions, as the supply natural gas is a precursor to the deployment of the 50kW RUBICON™ demonstration unit.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that Emerging markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to, strategically address energy solutions that are reliable, efficient, and sustainable baseload solutions, measurably cleaner than GenSets and CCGT. By deploying these solutions throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes that the impact of advanced technologies will make on the world is undeniable and the Company is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Presents the Findings of Energy Survey to University of Johannesburg
Oct 27, 2016
OTC Disclosure & News Service
-
Dominovas Energy Presents the Findings of Energy Survey to University of Johannesburg
ATLANTA, GA--(Marketwired - Oct 27, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces today that its Chief Operating Officer and President of Fuel Cell Division Michael Watkins gave a successful presentation on the analysis of the Energy Solutions Survey to the Central Technical Services Department of the University of Johannesburg on October 25, 2016. Dominovas Energy circulated the Energy Solutions Survey to the University in September of this year. In his presentation, Mr. Watkins shared with Mr. Brent Africa, Director of Utilities and other attendees a complete and thorough analysis of the findings of the Energy Survey. The survey served to identify the overall state and consumption and efficiency of electricity use at the University. Additionally, all emissions associated with current electricity generation of the University were measured and analyzed. The analysis also utilizes metrics that determines potential savings in the form of reduced electricity cost, heat utilization and carbon credit sales potential.
Mr. Africa enthusiastically noted, ''The systematic approach of Dominovas Energy has allowed us to better understand the overall 'state' of our energy usage that now supports our quantifying the 'true' cost of electricity and thermal energy generation at the University. The University is currently prioritizing its efforts to manage energy efficiency, as well as minimize the overall cost of energy delivery to its campuses. Dominovas Energy's analysis of the Energy Survey and the presentation of the results could not have come at a better time to the University. The benefits that the RUBICON™ system offers to the university relative to true savings is undeniable. We have a true opportunity to collaborate on a plan of action that could lead to the deployment of the RUBICON™ system.
As a follow-up to this visit, Dominovas Energy will now proceed with the University for the presentation of a Power Provider Agreement (PPA) based on the analysis and current understanding of the energy needs of the University that will unequivocally support a multi-MW base load power generation installation.
Mr. Watkins shared his excitement after the presentation, ''It was an honor to present the analysis and address the questions of the utility managers as they now are aware of how and what could lead to savings by using the RUBICON™ for base-load power generation. I am very pleased to know that the RUBICON™ system can definitely assist the university in its overall efforts to cut operating costs and to manage its resource in the most efficient manner. Dominovas Energy eagerly awaits the next steps in our process."
Dominovas Energy will now structure a PPA based on the analysis and current understanding of the Energy needs of the University.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Advances Its Plans for Africa
Oct 14, 2016
OTC Disclosure & News Service
-
Dominovas Energy Advances Its Plans for Africa
ATLANTA, GA--(Marketwired - Oct 14, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has formally submitted a Request for Proposal (RFP) for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa in an effort to be awarded a 20 megawatt (MW) Power Purchase Agreement (PPA) utilizing its RUBICON™ Solid Oxide Fuel Cell technology. This 20-year PPA was a collaborative submission by Dominovas Energy and its joint venture partner for the project Mponeng Holdings [PTY] LTD, a South African company located in Johannesburg.
Mponeng Holdings (MPH) t/a Pharox Lumens Africa is a sustainability energy management company which, through its proven technologies, enables energy users to reduce energy consumption in order to preserve energy resources for the future and reduce environmental pollutions by promoting efficient energy use. Its "Demand-Side Management" applications enable clients to run clean and green operations leading to reduced carbon emissions and energy consumption, thereby, maximizing bottom line whilst preserving the environment. MPH is also currently appointed to explore and implement energy efficiency and renewable energy initiatives within the Msunduzi Local Government Municipality.
"The submission of this RFP and entering into this 'JV' agreement with MPH is an extension of our goal to expand and establish roots in multiple regions within sub-Saharan Africa," said Dominovas Energy's chief operating officer and the president of its Fuel Cell Division Michael Watkins. "Having set our sights initially on the 50kW Showcase for Johannesburg, we believe it is critical that the follow-up and immediate next steps be in place and determined early in the process to maintain the momentum we hope to create with the installation of the 'Showcase.' We simply do not see it as prudent to install and then seek to determine the 'next' client," Watkins added.
If awarded, this 20MW RUBICON™ system will be installed to provide electricity for the Ekurhuleni Metropolitan Municipality in Johannesburg, South Africa.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Petitions for Project Grants Through United States Trade and Development Agency
Sep 29, 2016
OTC Disclosure & News Service
-
Dominovas Energy Petitions for Project Grants Through United States Trade and Development Agency
ATLANTA, GA--(Marketwired - Sep 29, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has formally submitted grant proposals to the Unites States Trade and Development Agency (USTDA) https://www.ustda.gov for the advancement in the proliferation of its RUBICON™ Fuel Cell technology as well as its hydroelectric system, the ORCAS™. With parallel tracks for the deployment of its energy-efficient and renewable energy systems, the Company has petitioned USTDA for a combined amount of just over US $2.1 million dollars. The submissions are specific to four distinct projects and budgets with total power output for the combined projects equal to a total of 2.9 Megawatts. The grant requests range from a low of $355,000 to a high of $800,000.
USTDA projects are assessed based upon their viability as proven technologies along with their intended and expected social and environmental impact. USTDA funding is open to private, public, and PPP beneficiaries. While there is no prescribed minimum or maximum grant amount, projects generally range between $350,000 and $1,500,000 per project. The funding is on a 100% grant basis for the project sponsor. The hallmark of USTDA's assistance is establishing links between U.S. companies and overseas project sponsors to bring private sector solutions to development challenges. Types of project preparation assistance USTDA provides includes: pre-feasibility and feasibility studies in order to provide the required comprehensive analysis for infrastructure projects to achieve successful financing and implementation; technical assistance to provide technical analysis, design, legal and/or advisory support related to commercial activities and infrastructure development; e.g. advanced engineering and design, environmental impact analysis, legal and regulatory services, equipment vendors & EPC contractor identification, project structuring activities, etc. pilot projects in order to demonstrate the effectiveness of U.S. technological solutions and provide the analysis, evaluation and empirical data needed to secure funding; support on enabling environment activities to address specific issues that block project/sector success; e.g. sector policies, master plans, capacity building, feed-in tariff studies. USTDA does not provide any financial instruments such as working capital, sub-ordinated loans, equity, risk insurance, etc. Dominovas Energy's project proposals for both the RUBICON™ and ORCAS™ systems were submitted in compliance with the USTDA requirements.
Dominovas Energy's RUBICON™ is a highly efficient fuel cell system that provides base-load power by converting the chemical energy of a hydrocarbon fuel (natural gas) into electricity. The core of the RUBICON™ is built on a Solid-oxide Fuel Cell (SOFC) platform, which employs an electrochemical process resulting in a high fuel-to-electric efficiency of 60%. Due to its high electrical efficiency, the RUBICON™ produces significantly less pollutants (CO2, NOx, PM10) on a per kWh of produced energy than the competition (GenSets, turbine, micro-turbine). Additionally, the RUBICON™ has a minimal number of moving parts within its system, and thereby, operates virtually silently. SOFC cells are stacked in the RUBICON™ to obtain the desired power output. Heat generated within the RUBICON™ system can be utilized further for hot water production or space heating resulting in a combined heat and power efficiency of ~85%. The RUBICON™ operates nearly 100% of the time of the year requiring minimal maintenance and shutdown during the initial years of operation.
The Company's proprietary ORCAS™ system employs proven and long deployed "Run-of-River (ROR) technology to generate electricity. In ROR systems, running water is diverted from waterways and is guided via channels to penstocks which then leads to a generating house. Here, the force from the head and flow of the water spins turbines which, in turn, powers generators. Used water is fed back into the main river further downstream. It is important to note that the difference between run-of-river and large, conventional storage hydro, is the absence of a reservoir or dam in the conventional sense. Run-of-river relies on coursing rivers to generate electricity, as opposed to stored water.
Dominovas Energy's ROR solution is based upon proven technology that allows for short deployment times that generally range between 18 and 24 months. The Company, as previously announced, partnered with Andritz Hydro, who has been a global leader for hydro power generation for over 100 years. Andritz maintains a global presence in more than 50 locations and more than 25 countries worldwide. Andritz Hydro installed the Republic of Madagascar's first hydro-turbine in 1918, and installed additional capacity there as recently as 2003.
Dominovas Energy recently announced the addition of Dr. Emma Rasolovoahangy to its Company as Special Advisor for overseeing and directing operations of Renewable Energy. She has a keen interest for projects in the Republic of Madagascar, her native land. With her appointment Dominovas Energy intends to vigorously pursue projects there. The World Bank has identified and documented that Madagascar holds an enormous potential for hydropower generation with up to 7000MW available from over 500 potential sites. and Dominovas Energy intends to engage Madagascar's water resource via its ORCAS™ system with the guidance and direction of Dr. Rasolovoahangy.
The submission of the USTDA proposals helps set the stage for ultimately determining deployment feasibility, viability, and timelines for both the ORCAS™ and the RUBICON™. The Company expects to receive the USTDA's decision on its submissions during the month of October.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology and hydro technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON and ORCAS™ provide baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ and ORCAS™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Seeks to Become an Exclusive Energy Provider for the University of Johannesburg
Sep 21, 2016
OTC Disclosure & News Service
-
Dominovas Energy Seeks to Become an Exclusive Energy Provider for the University of Johannesburg
ATLANTA, GA--(Marketwired - Sep 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces it has entered into formal negotiations with key officials at the University of Johannesburg to become the exclusive supplier of electricity for the campuses of the University of Johannesburg in Johannesburg, South Africa utilizing Dominovas Energy's RUBICON™ Solid Oxide Fuel Cell (SOFC) technology. The Company has submitted its Energy Solutions Technical Survey to facilities managers of the University that will determine the overall need of the campuses and will ultimately set the stage for the execution of a formal Power Provider Agreement (PPA) between Dominovas Energy and the University of Johannesburg. The total number of Megawatts (MW) expected from the PPA will be a minimum of 12MW.
"As we have been working very closely with University officials over the last number of months, this was a natural progression of business, having first come together to facilitate the 50kW Showcase at the University of Johannesburg. As the 'right' individuals have become more educated on the prowess and efficiency of Dominovas Energy's RUBICON™ system, the inquiries became more specific as to what the Company could do for the University at large to deliver a cleaner, more efficient use of resources for the generation of electricity," Dominovas Energy COO and president of its fuel cell division Michael Watkins commented. "The key was to first determine the energy need of the University and those steps are underway as we speak. The second step was to insure a dedicated fuel source was in place to power the RUBICON™," Watkins went on to say.
The RUBICON™ has the ability to reform multiple hydrocarbons to be utilized as a fuel source, however, the reliability of delivery of said fuel source and the consistency of the fuel source is critical to the overall operation of the system to generate continuous electricity. Dominovas Energy and the University of Johannesburg officials are working in tandem to insure the delivery of a reliable natural gas fuel source, as the logistics for other fuels such as Liquefied Petroleum Gas (LPG) and Diesel fuel do not support a seamless, reliable and consistent delivery in the University that can be used in the RUBICON™.
When asked how this will impact the launch of the 50kW Showcase, Watkins said, "This is a long-term play for Dominovas Energy to provide utility-scale electrification to Africa, and as soon as a reliable natural gas source is in place, the Company will be ready to fire up the 'Showcase' and show its capabilities to the public at large. I will be able to offer a concrete timeframe for the delivery of the fuel source and subsequent launch in a matter of days. However, while we work to insure the delivery of dedicated natural gas infrastructure to the University, I am excited that the exercise of working in collaboration has now led to our becoming an exclusive electricity provider. It speaks an awful lot about the dedication of effort and the technical work that is happening behind the scenes in an effort to deliver our system to the sub-Saharan region and beyond," Watkins concluded.
University officials are finalizing Dominovas Energy's Energy Solution Technical Survey, which will allow Dominovas Energy to be able to conduct a complete and thorough analysis of the overall "State" of electricity at the University of Johannesburg. With this analysis, the Company will create a report on current inefficiencies within the current infrastructure and will further show the potential savings that will be realized utilizing the RUBICON™ to generate electricity.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Set to Deliver Its Rubicon Showcase
Aug 23, 2016
OTC Disclosure & News Service
-
Dominovas Energy Set to Deliver Its Rubicon Showcase
ATLANTA, GA--(Marketwired - Aug 23, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announced it is finalizing plans to deliver its long awaited RUBICON™ to the University of Johannesburg in Johannesburg, South Africa.
Since its initial announcement in May of 2016 that it would deliver a "Showcase" (Demonstration Unit), the company engineers and strategists, along with the unyielding support of its strategic partners have been working daily to deliver the much-anticipated RUBICON™ to the market place.
As a part of the ongoing process, Dominovas Energy Chairman and CEO Neal Allen met late last week with the University of Johannesburg's Director, Manufacturing Research Centre, Department of Mechanical Engineering Science Professor Tien Chien Jen (http://www.tienchienjen.com) on the campus of the University to determine the actual site and deployment strategy for RUBICON™, as well as to discuss next steps in the plans for the development of the Institute for Hydrogen Fuel Cell Technology, which will be a collaborative venture between Dominovas Energy and the University of Johannesburg for the advancement of the study of fuel cell technology in and for the entire sub-Saharan region.
Photo Gallery: http://dominovasenergy.com/august-2016-visit-...annesburg/
"Achieving clean power has always been a dream for humankind. SOFC [Solid Oxide Fuel Cell] provides the clean power that not only satisfies the need of society, but also does so with minimal environmental impact. It is our privilege to have the RUBICON™ SOFC system from Dominovas Energy Corporation installed at the University of Johannesburg (UJ). With the establishment of the Institute for Hydrogen Fuel Cell Technology at UJ on the horizon, this state-of-the-art SOFC system provides a welcome boost to the development of a new research frontier -- for the vision of a future clean power supply for South Africa and the whole of Africa," lauded Professor Jen when asked what it means to be working with Dominovas Energy on this exclusive collaboration.
Dominovas Energy Executive Vice President for Fuel Cell Operations Dr. Shamiul Islam was quoted as saying, "Let there be no doubt, Dominovas Energy is committed 100% to the delivery of its 'Showcase' to South Africa. This is one of a multitude of steps in the development and coordinated collaboration taking place with all of our partners in this project from design and engineering to site allocation, to fuel shipping and commissioning." Islam went on to add, "I am excited to see the progress being made as necessary steps are taking place that have set the path for execution and delivery of our system."
The "Showcase" is a first step in Dominovas Energy's ultimate goal to deliver its one-of-a-kind multi-Megawatt system to the region, as the engineering effort continues for the presentation of the first system in 2017. The pictures of the visit can be found on the Dominovas Energy website.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
http://www.qualitystocks.com/
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Open Letter to Shareholders
Jul 21, 2016
OTC Disclosure & News Service
-
Open Letter to Shareholders
ATLANTA, GA--(Marketwired - Jul 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today issues the following letter from Chief Executive Officer and Chairman Neal Allen.
Respected Dominovas Energy Corporation Shareholder:
By way of this letter, please allow me to introduce myself to many new shareholders, while also greeting many of you that already know me as Dominovas Energy's Chairman and CEO. The Dominovas Energy journey began over 8 years ago, as I traveled the globe witnessing firsthand the lack of consistent, affordable, clean and reliable electricity, specifically in Asia, the Caribbean, and Africa.
I knew there was a solution, and I challenged myself and my business partners to find it. Initially, we studied the energy business as a whole; however, after much analysis and investigation, the Company rated fuel cell technology as its "go to" solution, with hydro technology and solar coming in second and third. In determining that fuel cell technology would be the initial focus, we understood that hydro and solar were less technologically and financially taxing and challenging solutions that currently provide energy on short term and long term basis around the world. Our goal, however, is to deliver a long term solution that can yield exponential benefits with multiple verticals, such as heating and cooling, and tremendously reduce carbon dioxide emissions to users. Within this construct, there is not a more robust solution than the fuel cell.
The next determination was to decipher what type of fuel cell technology would best represent the impact I felt would be needed to truly make an undeniable difference for the customer. After many months of study and exploration, we chose Solid Oxide fuel cell technology and we have set forth a mandate to produce the RUBICON™ for deployment in multi-megawatt arrays, thus producing electricity for the most viable markets.
Presently, the Dominovas Energy's board consists of Mr. Spero Plavoukos, Mr. Emilio DeJesus, and myself. Our executive team includes myself as Chairman and CEO; Mr. Michael Watkins, as COO; Mr. Kreneshen Moodley, Managing Director of the Africa Division; Dr. Shamiul Islam, Director of Fuel Cell Operations; Mr. Leeshan Ramasamy, Managing Director of CURRENTENERGY, our hydro division; Mr. Vassillis Koutros, Managing Director of Francophone countries; and Mr. Alejandro Cotreras, Finance Manager. We additionally continue to work with several different project finance teams to finance individual projects the company has secured. Utilizing their expertise and experience allows Dominovas Energy to make significant strides in this regard, and I am optimistic their yield will serve Dominovas Energy Corporation well. I enthusiastically invite you to review our company website for more detailed information on the entire Dominovas Energy team.
As a valued shareholder, I can tell you that the "state" of Dominovas Energy Corporation is progressive and cutting edge and we continue to grow each and every day. Over the past 2 years, my team has worked diligently to become and remain fully compliant with respect to the company's filings as a fully reporting and publicly traded company. We are building the exceptional team necessary to set and stay our course. I do not feel the stock price at its current levels truly reflects the value of the Company, as evidenced by the many milestones we have achieved over the last two and one-half years. I do, however, recognize that our trading volume is an indication of a tremendous amount of positive visibility and market support that has allowed us to support our ongoing efforts in a major way.
Time will reveal the diligence and adroit planning we have put forth in building this company. My objectives over this past year were purposefully explicit in nature, as I had to build the business operations and plan of execution to carry out our mandate as an "Energy Solutions Company", concomitant with deploying solutions and technology that will allow the company to profitably commercialize the RUBICON™.
We are resolute in our mandate to always execute smartly and efficiently. Our plan of execution is simple and direct and includes fully utilizing the resources we have labored hard over the last year to secure. We have the "best of the best" in the industry as OEM partners, including AVL List Gmbh, who contractually has developed the first ever and only megawatt-true fuel cell system specifically for Dominovas Energy. This is a historical event for the industry, as no other company has created such a system that combines cost effectiveness, efficiency, and reliability all in a single system.
In continuance of only partnering with "Best in Class" partners, the Company has created CURRENERGY, its new hydro division brought forth via partnership with the venerable ANDRITZ Hydro, which has over 100 years of manufacturing and on the ground experience in Africa and beyond. Additionally, we have a cadre of OEM partners that are collaborating with us. We have orders to fill; and we are continuing to develop and nurture our political and social capital as required to yield significant results and returns in the short term. Having been able to secure Edison Power Group of South Africa is a tremendous step towards the continuance of laying a foundation for long-term growth and sustainability of Dominovas Energy.
Of significant note, and as was previously reported in our 8K filing and press release, Dominovas Energy Corporation is a Private Partner member of President Obama's Power Africa Initiative. Please visit the Power Africa website for greater detail on the significance of the relationship: https://www.usaid.gov/powerafrica.
Although your paths to becoming DEC shareholders vary greatly, consider yourselves fortunate, as I feel bullish about our company, our mandate, our products, our direction, and our future. As Chairman and CEO, I will continue to expect excellence and delivery in all we do as a company. I appreciate your confidence in Dominovas Energy and the team of leaders we have assembled.
With many thanks for your continued support,
Neal Allen
Chairman & CEO
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Dominovas Energy Announces Plan to Restructure and Consolidate Outstanding Debt
Jun 29, 2016
OTC Disclosure & News Service
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Dominovas Energy Announces Plan to Restructure and Consolidate Outstanding Debt
ATLANTA, GA--(Marketwired - Jun 29, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) today announces the activation of a plan targeted to restructure and eliminate the Company's approximately $700,000 in convertible debt. As the Company entered into an agreement with GHS Investments, LLC and it received an effective notice for its S-1 filing in January of this year for up to US $7.5M, its plan now is to utilize this vehicle for operating capital and to reduce its convertible debt.
On November 12th, 2015, the Company closed agreements with GHS Investments, LLC for the purchase of Dominovas Energy shares which would allow the Company to receive up to $7.5M. On January 11, 2016, the Company received its notice of effectiveness for the S-1 Registration Statement from the Securities and Exchange Commission that was filed late December of 2015. This plan represents a shift in the overall financing strategy of Dominovas Energy, moving away from the utilization of convertible debt as a sole source of financing.
As the Company draws down on its GHS Investment equity line and has additional cash proceeds available, it plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares. The Company is also in discussions with GHS Investments regarding long-term equity financing strategy that is not a convertible debt structure. Dominovas Energy currently has no plans to take on any new debt or operational capital in connection with this restructuring plan.
"Dominovas Energy is one of the most prolific companies of its kind in the fuel cell industry. It has best-in-class strategic partners for the build and manufacturing of its RUBICON™ fuel cell system; it has contract orders for multiple-Megawatts (MW); it has project financing in place once requisite guarantees are set and in place; the Company has what most Companies in the industry have longed for - so we had to take a close look at what could be depressing the stock price," said Dominovas Energy COO Michael Watkins. "We came to the realization and belief that there is simply too much pressure on the stock as a result of the existing convertible debt; and with our new plan to eliminate said debt, we hope to see representative growth for the Company. We have changed our methods of financing and operating the Company with a goal of increasing clarity and reporting of our operations and providing a stronger vehicle for our shareholders," Watkins concluded.
"With the successful presentation of the 50kW 'Showcase' set for installation in Johannesburg, South Africa in August, the Company will be well on its way for the eventual deployment of its multi-Megawatts units in sub-Saharan Africa," said Watkins.
About Dominovas Energy Corporation (OTCQB: DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"
, contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Media and Investor Contact:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Email Contact
Investor Questions:
Email Contact
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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