ATLANTA, GA–(Marketwired – Sep 15, 2015) – Dominovas Energy Corporation (OTCQB: DNRG) announces the signing of a Memorandum of Understanding with the Al-Rushaid Group’s Al-Rushaid Technologies. The document platforms discussions regarding the development of a relationship to pursue common business interests between Dominovas Energy Corporation and Al-Rushaid Technologies (Dhahran, Kingdom of Saudi Arabia). Both Companies have agreed to identify common business interests, strategies, and approaches for establishing a profitable working relationship that will allow for the successful execution of various endeavors concerning their collective business mandates.
As a Strategic Business Partner, Al-Rushaid Technologies will collaborate with Dominovas Energy to identify key relationships, identify projects, and secure business contracts for Dominovas Energy in the geographic region comprising the Kingdom of Saudi Arabia, the United Arab Emirates and other surrounding kingdoms. Prospective opportunities initially identified by the Companies to develop include, but are not limited to; national power companies and major oil companies, along with the identification of specific financing vehicles and financing partners within the region.
The relationship recognizes that Al-Rushaid Technologies has business interests in electrical power generation, optimization, and energy conservation technologies which have strategic relevance and immediate applications in the Kingdom of Saudi Arabia and throughout the Arabian Gulf region. Al-Rushaid Technologies will provide logistical support to Dominovas Energy from its Dhahran office in Saudi Arabia, and will include business development operations, marketing, day to day logistics, and local presence.
About Al-Rushaid Group
One of the largest industrial companies in the Kingdom of Saudi Arabia, the Al-Rushaid Group is a multi-billion dollar (USD) commercial organization with business units in energy services, manufacturing and engineering, construction, advanced technologies, trading, and real estate. Founded in 1978, the Al- Rushaid Group built its reputation by providing world-class products and services for the most challenging applications, both in the region and around the globe. A provider of diverse products and specialized services, the Al-Rushaid Group is partnered with many of the world’s leading companies to provide those companies with advanced technology, products, and services throughout the Middle East.
About Al-Rushaid Technologies
Al-Rushaid Technologies, a subsidiary of Al-Rushaid Group, focuses on engaging and acquiring emerging and enabling technologies necessary to support business and infrastructure development. Al-Rushaid Technologies focuses primarily on four key sectors — information technology, communications, alternative energy, and advanced technological solutions. Al-Rushaid Technologies has developed numerous partnerships with global solution providers in areas such as cloud computing, business intelligence, mobility solutions, remote data collection, voice recognition, embedded sensors, and other leading technologies. These technologies are targeted to address many of the challenges facing the production of oil and gas and petrochemicals along with the challenges facing mega construction projects relative to the attendant infrastructure needs that require regional power generation and power distribution.
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. 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.
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.