HILLCREST ENERGY TECH LTD - HLRTF STOCK NEWS

Hillcrest Energy Technologies (HLRTF) has completed its 2024 customer demonstrations with exceptional results. The company's Zero Voltage Switching (ZVS) traction inverter prototype achieved system-level efficiency gains up to 6% at low-power operating points, featuring an industry-leading inverter efficiency of 99.7%. Testing was conducted using the Worldwide Harmonized Light Vehicle Test Procedure (WLTP).

The company's Power Factor Correction (PFC) prototype also demonstrated significant capabilities in optimizing energy systems by minimizing reactive power during tests at Systematec GmbH's facilities in Germany. The technology shows promise for both EV applications and stationary energy systems, including renewable energy solutions, data centers, and grid-connected applications.

Hillcrest Energy Technologies and Ocean Batteries AS are expanding their June 2024 joint development agreement to include EV chargers and onboard marine energy storage systems. The expanded collaboration will leverage Hillcrest's Zero Voltage Switching (ZVS) technology to develop ultra-efficient solutions with reduced operational losses. The partnership aims to address customer demands in both marine and EV sectors, with terms expected to be finalized in early 2025. Initial pilot testing of Hillcrest's ZVS inverter will follow, focusing on next-generation storage systems for sustainable marine transport and enhanced EV charging solutions.

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) is engaging with investors and customers across Europe and North America. CEO Don Currie is conducting an investor roadshow in Sweden with the Scandinavian Alliance and meeting key automotive and industrial players in Germany. COO Jamie Hogue will present at the Winter 2024 Investor Summit Virtual Microcap Forum.

The company is showcasing its Zero Voltage Switching (ZVS) inverter technology, which achieves 99.7% efficiency, eliminates switching losses, reduces electromagnetic interference, and offers cost savings for automotive and energy applications.

Hillcrest Energy Technologies, a clean technology company focused on power conversion technologies, announces its participation in the upcoming Virtual Investor Summit Microcap Event on November 21st. The company, trading under symbols CSE:HEAT, OTCQB:HLRTF, and FRA:7HI, will deliver a presentation from 10:00 AM to 10:30 AM ET and offer one-on-one meeting opportunities throughout the day.

The event showcases 40 micro-cap companies with catalysts and strong market performance. Qualified investors can attend the event complimentary, which features live Q&A sessions and in-depth discussions with leading microcap investors.

Hillcrest Energy Technologies announces that its Zero-Voltage Switching (ZVS) traction inverter prototype demonstrates superior cost efficiency for EV manufacturers. The prototype achieves a die area per kW of 3 mm², surpassing IDTechEx's projected 2035 industry benchmark of 4 mm²/kW. The 350 kVA Silicon Carbide inverter, featuring proprietary ZVS technology, reduces electromagnetic interference and eliminates switching losses, enabling simpler cooling and lower-cost shielding. This innovation optimizes semiconductor usage, reducing material costs while improving performance and extending EV system lifespan.

Hillcrest Energy Technologies announces the launch of its FPGA-based control system for Zero Voltage Switching (ZVS) inverters by year-end. The new system complements their existing microcontroller option and responds to customer demand. The FPGA-based control system features enhanced efficiency through elimination of switching losses, real-time adaptive control, improved reliability through optimized switching timing, and versatile application potential across renewable energy, electric vehicles, and industrial power supplies.

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is advancing towards commercial agreements with top automakers and suppliers, driven by growing interest in its Zero Voltage Switching (ZVS) technology. The company is progressing joint development discussions and expects to complete advanced demonstrations with several new customers, including three of the world's top ten automakers, by year-end.

Hillcrest's ZVS traction inverter and power factor correction (PFC) prototype offer enhanced efficiency, elimination of switching losses, and superior electromagnetic compatibility. The company is expanding its European demonstration efforts, collaborating with Systematec GmbH in Germany. Hillcrest is also partnering in the Ocean Batteries project, with the first 300kVA | 800V ZVS inverter prototype expected in early 2025 for marine shore power applications.

The company's ZVS technology has diverse applications in electric vehicles, industrial power conversion, and renewable energy sectors, positioning Hillcrest to capture a share of the expanding clean energy and electrification markets.

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) CEO Don Currie was featured on the MarketGems Podcast to discuss recent and upcoming catalysts for the company. The interview focused on two key areas:

1. Commercialization of ZVS technology: Currie provided insights into the company's Zero Voltage Switching (ZVS) technology and its potential market impact.

2. Joint development agreement with Ocean Batteries SA: The CEO elaborated on the collaboration with Ocean Batteries and its significance for Hillcrest's growth strategy.

The full video and audio interviews are available for investors and interested parties to gain more detailed information about Hillcrest's recent developments and future prospects in the clean energy technology sector.

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) has announced the closure of its latest drawdown from a previously announced $5 million equity drawdown facility. On August 26, 2024, the company received $540,000 from a third-party investor. In exchange, Hillcrest issued 2,076,923 units at $0.26 per unit, each comprising one common share and half a share purchase warrant. Additionally, 249,230 shares were issued as a drawdown fee. The company plans to use the proceeds for technology and product development, commercialization, and working capital. To date, Hillcrest has received a total of $1,465,673 from the facility, issuing 6,915,493 shares and 3,225,336 warrants.