Tuesday, November 8, 2016

Dominovas Energy Corporation (DNRG) Aims to Secure Natural Gas Supply in Johannesburg

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced that Michael Watkins, its chief operating officer and president of its fuel cell division, was recently dispatched to meet with a natural gas supplier in South Africa. Through this meeting, Dominovas Energy intends to secure a natural gas supply in order to facilitate the planned installation and operation of its RUBICON™ solid oxide fuel cell technology, including both the previously announced 50kW demonstration unit at the University of Johannesburg and additional commercial deployments currently in the company’s pipeline.

“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,” Watkins stated in this morning’s news release. “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 plan to secure a natural gas supply in South Africa comes after Dominovas Energy’s initial fuel solution of liquefied petroleum gas (LPG) was found to be problematic. LPG available in the region was found to be highly inconsistent in overall quality, and its transport created a number of logistical concerns that would hamper the viability of Dominovas Energy’s RUBICON™ technology moving forward. Using readily available natural gas as a fuel source, on the other hand, is expected to set a foundation for the company’s forward growth throughout Johannesburg and the surrounding region.

In addition to meeting with a natural gas supplier, Watkins visited with Dr. Tien Chien Jen, a professor with the University of Johannesburg’s Department of Mechanical Engineering, to further discuss the development of a research institute for the study of fuel cell systems at the University. Watkins also offered an update on the status of the ongoing natural gas supply discussions, which serve as a precursor to the highly-anticipated deployment of the 50kW RUBICON™ demonstration unit to the University of Johannesburg campus.

This morning’s announcement follows an update late last month that Dominovas Energy gave a successful presentation on the analysis of its Energy Solutions Survey to the University’s Central Technical Services Department. The survey, which aimed to identify the overall state of the institution’s energy usage, allowed Dominovas Energy to evaluate the ‘true’ cost of electricity and thermal generation on the campus while demonstrating the benefits that the RUBICON™ system could offer in terms of both capacity and efficiency.

For more information, visit www.DominovasEnergy.com

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