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,
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.
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.
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