Dominovas Energy Corp (OTCMKTS:DNRG) Is Today's OTC Focus

Dominovas Energy Corp (OTCMKTS:DNRG) remains near the lows as its latest news has failed to inspire investor confidence and get more buyers into the stock. While the headline launching its first RUBICON SOFC system in South Africa created an initial buying frenzy, once investors dug deeper they realized there wasn't much to get excited about. The fact remains that the system is just set for delivery and full implementation will then take 90 days. It seems many investors chose to not wait around that long and instead sold their shares.DNRG describes itself as "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."The deal in South Africa was launched in partnership with the South Africa-based Edison Power Group. The 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa. The 50kW RUBICON™ produce over 430,000 kilowatt hours of clean, fuel cell generated electricity each year. The 50kW RUBICON™ proof of concept "showcase" unit will be the first solid oxide fuel cell (SOFC) unit to serve baseload capacity anywhere on the African continent.Prior to this announcement, the last we heard from DNRG was back in March when the company was mentioned in a report written and compiled by the Fuel Cell and Hydrogen Energy Association (FCHEA) with support from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy's Fuel Cell Technologies Office. Dr. Shamiul Islam, Dominovas Energy's Executive Vice President of Fuel Cell Operations, touted the report by saying:

"In the report, Dominovas Energy is recognized for its leadership and innovation in carving new channels for broader commercialization of utility-scale fuel cell technologies beyond domestic shores to Africa. With over 600 million sub-Saharan Africans without basic access to electricity, Africa represents the frontier market with the single greatest need for sustained and reliable clean power production. To date, no other fuel cell technology company has made comparable strides in securing contracts in Africa to deploy utility-scale units for clean fuel cell generated power production."

The company then acknowledged a fact that is not lost on anyone looking for solid information on DNRG. The company said:

Although the company remains relatively quiet on its achievements and efforts for continued expansion throughout various frontier markets, including Africa and Latin America, management consistently agrees that one of its crowning achievements has been its ability to engineer a platform for delivering power to global communities most in need. Simultaneously, and in line with the White House's mandate to further expansion of clean energy growth, Dominovas Energy is stimulating job creation domestically, as its proprietary RUBICON™ SOFC systems will be "manufactured and supported by a robust supply chain in the U.S."

In looking at the financials, we can see the progress the company has really made. To date, DNRG has shown zero revenues and a loss of $8.1 million over the past four quarters. In February, DNRG announced an agreement of principal terms to acquire Grupo Trébol Holding, based in Guatemala City, Guatemala. However, we have yet to see an 8-K filing with the SEC on this matter. We need some solid news from DNRG. Until then, DNRG looks like dead money. There are plenty of other microcap runners on the OTC markets. We will be updating Insider Financial as soon as we know more. For continuing coverage on DNRG, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in DNRG and have not been compensated for this article.