ATLANTA, GA / ACCESSWIRE / February 2, 2017 / Dominovas Energy Corporation (OTC PINK: DNRG) announced this morning that it is in
formal negotiations with local partners in India and Indonesia to secure power generation projects in these countries. Last year,
Dominovas Energy conducted and completed a market analysis in both countries and verified that there is a tremendous growth and
commercial potential for the advancement of the proliferation of its RUBICONTM fuel cell energy generating system. The support at
the government and local level for an energy-efficient and commercially viable power generation system is sufficient, viable, and
conducive for the RUBICONTM deployment in India and Indonesia. The effort has been ongoing and is being led by Dominovas Energy's
Executive Vice President for Fuel Cell Operations, Dr. Shamiul Islam who is originally from Bangladesh.
The formal negotiations with the local partners, as led by Dr. Islam, have allowed the company to identify specific
opportunities for timely engagement in terms of evaluating project size, location, fuel price, and availability in addition to
government support. Supporting the opportunities will be the execution of Memorandums of Understanding (MOU), requisite financial
and bank guarantees, along with bankable government supported Power Provider Agreements (PPAs). In aggregate, the potential project
opportunity and market penetration is greater than 25MW per year for the RUBICONTM deployment in these markets.
Dr. Islam noted, "We will continue to expand within this market, as I know and have experienced firsthand the need and
significant demand for the RUBICONTM. I am very pleased that we were able to evaluate business opportunities with our local
partners in India and Indonesia in a very short period of time. India and Indonesia have long had a history of accepting and
benefitting from advanced technologies. The RUBICONTM has been embraced with open arms, which is a testament as to why both India
and Indonesia continue to be tech industry leaders and innovators. Having highly-educated and informed local partners, government
support and infrastructure in place, Dominovas Energy will press forward for the deployment of its RUBICONTM system in both India
and Indonesia." Chief Operating Officer and President of the Fuel Cell Division, Michael Watkins, noted, "As an energy solutions
company, it is important that Dominovas Energy continues to advance the delivery of our RUBICONTM systems not only in Africa, but
worldwide, wherever opportunities exist. A diverse client base platforms and positions Dominovas Energy for the maturing of the
supply chain of the RUBICONTM fuel cell that is necessary for us to expect and realize a future and ongoing revenue stream in the
near future. This strategy is consistent with, and furthers our mandate to become a profitable global energy leader."
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, the ORCAS™ hydro systems
and sourced clean coal technology for deployment in multi-megawatt power generation units worldwide. The worldwide need of clean
and efficient production and distribution of is well documented. this need and the energy deficit worldwide Dominovas Energy
recognizes that worldwide, markets offer immense potential for commercial. Dominovas Energy is aggressively moving to allocate its
intellectual and financial capital forthwith, in order to strategically address this opportunity. By engaging 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 "energy" technology can and will positively change the
world, and Dominovas Energy 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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SOURCE: Dominovas Energy Corporation