Sunday, November 15, 2015 8:21:46 AM
CALL Delphi, But we all know you really love this company and are looking to buy in cheap!!
We verified With DELPHI and it checked out. Multiple people spoke to representatives at Delphi and CONFIRMED the MOU
Also a commitment is not a material change and therefore doesn't require an 8k filing, but we know that you already knew that?!? ;)
In my Opinion, Delphi could sign Formal Agreement With Dominovas now that Proof of Concept has been validated by a third party! This news would likely come out before the end of 2015
Quote:
From 8K
Dominovas Energy Corporation And
Delphi Automotive Systems, LLC
Dominovas Energy Corporation, a company organized and existing under the laws of the State of Nevada, together with its affiliates ("DEC"), and Delphi Automotive Systems, LLC, a limited liability company organized under the laws of the State of Delaware together with its affiliates acting through its Powertrain Systems division, ("Delphi"), have expressed a desire to define a mutually beneficial business relationship for the joint development of new technology that will facilitate the manufacture, assembly, sale and deployment of electrical power generation equipment employing the use of fuel cell technology.
Delphi has developed certain fuel cell technologies that are believed to be adaptable for use in the field of electrical power generation. Delphi owns secret and substantial technology and proprietary know-how to efficiently exploit the new technologies.
DEC is a provider of electrical power. DEC owns certain patents and other technology in the field of electrical power generation.
DEC and Delphi executed a Confidential Information Agreement dated February 25, 2014 governing information shared by the parties with respect to technologies and transactions governed by this
MOU.SEC Filing
ex10-07.htm http://www.sec.gov/Archives/edgar/data/1343254/000116552715000077/ex10-07.htm
This Memorandum of Understanding ("MOU") sets forth the intended framework under which a long term business relationship would develop for the mutual benefit of both parties. Upon execution of this MOU and the successful initial field demonstration described below, the parties shall, in good faith, seek to work out the details of a formal commercial agreement expressing the rights and obligations of the two parties (the "Agreement").
The parties expressly understand and agree that neither party shall have any obligation or commitment to enter into an Agreement or to otherwise engage in business activities with the other party unless and until the terms of such business relationship is accepted by the parties' respective management and the Agreement is executed by authorized representatives of both of the parties. The parties agree that the terms of this MOU are not legally binding.
The anticipated terms of the Agreement are the following:
A. Delphi and DEC will establish a collaborative relationship, working together on application of Delphi's SOFC Stacks to the DEC System for the development of electrical power generation technologies (the "Project'').
B. Delphi and DEC will work together in 2 phases:
1. Phase I .. Successfully apply and demonstrate Delphi SOFC Stacks in the DEC System ("Proof of Concept"), as more fully described below.
2. Phase II - If Proof of Concept is successful and the parties agree, then collaborate on a plan for the continuous production of SOFC Stacks for use by DEC or other designated parties, as agreed by both parties, for the sale of electrical power to their customers ("Production and Sales"), as more fully described below.
C. The current target market is power generation in developing countries, but could also include other applications where the product developed can be applied economically.
Dominovas Energy and Delphi sign SOFC deal http://www.dispatchb2b.com/TheNewsletters/FuelCellDispatch/TabId/229/ArtMID/1132/ArticleID/3198/Dominovas-Energy-and-Delphi-sign-SOFC-deal.aspx
Export-Import Bank. Huge part of Power Africa Plan, about to get go ahead by Congress!!
Export-Import Bank close to reopening after House includes authorization in highway bill - LA Times http://www.latimes.com/business/la-fi-export-import-bank-20151105-story.html
Power Africa Initiative - African Development Bank http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/power-africa-initiative/
House Passes Highway Bill With Export-Import Bank Renewal - WSJ http://www.wsj.com/articles/house-passes-highway-bill-with-export-import-bank-renewal-1446740235?mod=rss_Politics_And_Policy
Export-Import Bank Renewal Is Included In House-Approved Transportation Bill : The Two-Way : NPR http://www.npr.org/sections/thetwo-way/2015/11/05/454900331/export-import-bank-renewal-is-included-in-house-approved-transportation-bill?utm_medium=RSS&utm_campaign=business
Export-Import Bank of the United States - Wikipedia, the free encyclopedia https://en.m.wikipedia.org/wiki/Export-Import_Bank_of_the_United_States
AllGov - Departments http://www.allgov.com/departments/independent-agencies/export-import-bank-of-the-united-states?agencyid=7442
Eric Fresh is an impressive guy in addition to the rest of management!
A nice Recommendation from the Managing Director of GE Capital
Eric Fresh Checks out w Govt Sources. Eric Fresh, Member, Ge Equity | Spoke http://www.spoke.com/people/eric-fresh-3e1429c09e597c10088b9051
ERIC M. FRESH - BrokerCheck http://brokercheck.finra.org/Individual/Summary/3124999
http://www.zoominfo.com/p/Eric-Fresh/47695087
http://www.zoominfo.com/people/Eric/Fresh
CAREER
Ge Equity
Member
Eric M. Fresh
Associate
As a member of the Oil and Gas Portfolio Group, Eric focuses on both managing and monetizing Energy Financial Services’ (EFS) oil and natural gas investments. Prior to joining EFS, he worked for Morgan Stanley in Washington, D.C., where he advised middle-market companies in short-term cash management strategies and tax-advantaged corporate divestitures. Eric holds a B.A. from Clark Atlanta University and an M.B.A. from the McDonough School of Business at Georgetown University.
https://www.linkedin.com/pub/eric-m-fresh/2/8b1/40
https://www.linkedin.com/pub/emilio-dejesus/1/2aa/66a
https://www.linkedin.com/in/shamiulislam
https://www.linkedin.com/pub/michael-watkins/21/7a6/a8a
https://www.linkedin.com/in/nealallendominovas
DNRG US Confirmed w US Govt DEC SOFC - United States Patent and Trademark Office Search Results http://search.uspto.gov/search?query=DEC+SOFC&op=Search&affiliate=web-sdmg-uspto.gov
We verified With DELPHI and it checked out. Multiple people spoke to representatives at Delphi and CONFIRMED the MOU
Also a commitment is not a material change and therefore doesn't require an 8k filing, but we know that you already knew that?!? ;)
In my Opinion, Delphi could sign Formal Agreement With Dominovas now that Proof of Concept has been validated by a third party! This news would likely come out before the end of 2015
Quote:
From 8K
Dominovas Energy Corporation And
Delphi Automotive Systems, LLC
Dominovas Energy Corporation, a company organized and existing under the laws of the State of Nevada, together with its affiliates ("DEC"), and Delphi Automotive Systems, LLC, a limited liability company organized under the laws of the State of Delaware together with its affiliates acting through its Powertrain Systems division, ("Delphi"), have expressed a desire to define a mutually beneficial business relationship for the joint development of new technology that will facilitate the manufacture, assembly, sale and deployment of electrical power generation equipment employing the use of fuel cell technology.
Delphi has developed certain fuel cell technologies that are believed to be adaptable for use in the field of electrical power generation. Delphi owns secret and substantial technology and proprietary know-how to efficiently exploit the new technologies.
DEC is a provider of electrical power. DEC owns certain patents and other technology in the field of electrical power generation.
DEC and Delphi executed a Confidential Information Agreement dated February 25, 2014 governing information shared by the parties with respect to technologies and transactions governed by this
MOU.SEC Filing
ex10-07.htm http://www.sec.gov/Archives/edgar/data/1343254/000116552715000077/ex10-07.htm
This Memorandum of Understanding ("MOU") sets forth the intended framework under which a long term business relationship would develop for the mutual benefit of both parties. Upon execution of this MOU and the successful initial field demonstration described below, the parties shall, in good faith, seek to work out the details of a formal commercial agreement expressing the rights and obligations of the two parties (the "Agreement").
The parties expressly understand and agree that neither party shall have any obligation or commitment to enter into an Agreement or to otherwise engage in business activities with the other party unless and until the terms of such business relationship is accepted by the parties' respective management and the Agreement is executed by authorized representatives of both of the parties. The parties agree that the terms of this MOU are not legally binding.
The anticipated terms of the Agreement are the following:
A. Delphi and DEC will establish a collaborative relationship, working together on application of Delphi's SOFC Stacks to the DEC System for the development of electrical power generation technologies (the "Project'').
B. Delphi and DEC will work together in 2 phases:
1. Phase I .. Successfully apply and demonstrate Delphi SOFC Stacks in the DEC System ("Proof of Concept"), as more fully described below.
2. Phase II - If Proof of Concept is successful and the parties agree, then collaborate on a plan for the continuous production of SOFC Stacks for use by DEC or other designated parties, as agreed by both parties, for the sale of electrical power to their customers ("Production and Sales"), as more fully described below.
C. The current target market is power generation in developing countries, but could also include other applications where the product developed can be applied economically.
Dominovas Energy and Delphi sign SOFC deal http://www.dispatchb2b.com/TheNewsletters/FuelCellDispatch/TabId/229/ArtMID/1132/ArticleID/3198/Dominovas-Energy-and-Delphi-sign-SOFC-deal.aspx
Export-Import Bank. Huge part of Power Africa Plan, about to get go ahead by Congress!!
Export-Import Bank close to reopening after House includes authorization in highway bill - LA Times http://www.latimes.com/business/la-fi-export-import-bank-20151105-story.html
Power Africa Initiative - African Development Bank http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/power-africa-initiative/
House Passes Highway Bill With Export-Import Bank Renewal - WSJ http://www.wsj.com/articles/house-passes-highway-bill-with-export-import-bank-renewal-1446740235?mod=rss_Politics_And_Policy
Export-Import Bank Renewal Is Included In House-Approved Transportation Bill : The Two-Way : NPR http://www.npr.org/sections/thetwo-way/2015/11/05/454900331/export-import-bank-renewal-is-included-in-house-approved-transportation-bill?utm_medium=RSS&utm_campaign=business
Export-Import Bank of the United States - Wikipedia, the free encyclopedia https://en.m.wikipedia.org/wiki/Export-Import_Bank_of_the_United_States
AllGov - Departments http://www.allgov.com/departments/independent-agencies/export-import-bank-of-the-united-states?agencyid=7442
Eric Fresh is an impressive guy in addition to the rest of management!
A nice Recommendation from the Managing Director of GE Capital
Eric Fresh Checks out w Govt Sources. Eric Fresh, Member, Ge Equity | Spoke http://www.spoke.com/people/eric-fresh-3e1429c09e597c10088b9051
ERIC M. FRESH - BrokerCheck http://brokercheck.finra.org/Individual/Summary/3124999
http://www.zoominfo.com/p/Eric-Fresh/47695087
http://www.zoominfo.com/people/Eric/Fresh
CAREER
Ge Equity
Member
Eric M. Fresh
Associate
As a member of the Oil and Gas Portfolio Group, Eric focuses on both managing and monetizing Energy Financial Services’ (EFS) oil and natural gas investments. Prior to joining EFS, he worked for Morgan Stanley in Washington, D.C., where he advised middle-market companies in short-term cash management strategies and tax-advantaged corporate divestitures. Eric holds a B.A. from Clark Atlanta University and an M.B.A. from the McDonough School of Business at Georgetown University.
https://www.linkedin.com/pub/eric-m-fresh/2/8b1/40
https://www.linkedin.com/pub/emilio-dejesus/1/2aa/66a
https://www.linkedin.com/in/shamiulislam
https://www.linkedin.com/pub/michael-watkins/21/7a6/a8a
https://www.linkedin.com/in/nealallendominovas
DNRG US Confirmed w US Govt DEC SOFC - United States Patent and Trademark Office Search Results http://search.uspto.gov/search?query=DEC+SOFC&op=Search&affiliate=web-sdmg-uspto.gov
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