Dominovas Energy Presents the Findings of Energy Survey to University of Johannesburg
October 28 2016 - 9:30AM
InvestorsHub NewsWire
ATLANTA, GA -- October 27, 2016 -- InvestorsHub NewsWire --
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 RUBICONTM
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
RUBICONTM for base-load power generation. I am
very pleased to know that the RUBICONTM 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.
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Investor Questions:
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