Hillcrest Energy Technologies Advances Towards Commercial Agreements and Expands European Demonstration Efforts
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) sta avanzando verso accordi commerciali con i principali produttori di automobili e fornitori, spinta dal crescente interesse per la sua tecnologia di commutazione a tensione zero (ZVS). L'azienda sta portando avanti discussioni per lo sviluppo congiunto e si aspetta di completare dimostrazioni avanzate con diversi nuovi clienti, inclusi tre dei primi dieci produttori di automobili al mondo, entro la fine dell'anno.
Il prototipo dell'inverter di trazione ZVS di Hillcrest e del sistema di correzione del fattore di potenza (PFC) offrono efficienza migliorata, eliminazione delle perdite da commutazione e superiori caratteristiche di compatibilità elettromagnetica. L'azienda sta espandendo i suoi sforzi dimostrativi in Europa, collaborando con Systematec GmbH in Germania. Hillcrest sta anche collaborando al progetto Ocean Batteries, con il primo prototipo di inverter ZVS da 300kVA | 800V atteso all'inizio del 2025 per applicazioni di alimentazione a terra per navi.
La tecnologia ZVS dell'azienda ha applicazioni diverse nel settore dei veicoli elettrici, nella conversione dell'energia industriale e nei settori delle energie rinnovabili, posizionando Hillcrest per catturare una quota dei mercati in espansione dell'energia pulita e dell'elettrificazione.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) está avanzando hacia acuerdos comerciales con los principales fabricantes de automóviles y proveedores, impulsada por el creciente interés en su tecnología de conmutación a voltaje cero (ZVS). La empresa está avanzando en discusiones de desarrollo conjunto y espera completar demostraciones avanzadas con varios nuevos clientes, incluidos tres de los diez principales fabricantes de automóviles del mundo, para fin de año.
El prototipo del inversor de tracción ZVS y la corrección del factor de potencia (PFC) de Hillcrest ofrecen eficiencia mejorada, eliminación de pérdidas por conmutación y superior compatibilidad electromagnética. La empresa está ampliando sus esfuerzos de demostración en Europa, colaborando con Systematec GmbH en Alemania. Hillcrest también se asocia en el proyecto Ocean Batteries, con el primer prototipo de inversor ZVS de 300kVA | 800V esperado a principios de 2025 para aplicaciones de energía en tierra para barcos.
La tecnología ZVS de la empresa tiene diversas aplicaciones en vehículos eléctricos, conversión de energía industrial y sectores de energía renovable, posicionando a Hillcrest para capturar una parte de los mercados en expansión de energía limpia y electrificación.
힐크레스트 에너지 기술(Hillcrest Energy Technologies) (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI)는 주요 자동차 제조업체 및 공급업체와의 상업적 계약을 향해 나아가고 있으며, 이는 제로 전압 스위칭(ZVS) 기술에 대한 관심 증가에 의해 촉진되고 있습니다. 회사는 공동 개발 논의를 진행 중이며, 세계 상위 10개 자동차 제조업체 중 3개와 함께 연말까지 몇몇 신규 고객과의 고급 시연을 완료할 것으로 예상하고 있습니다.
힐크레스트의 ZVS 트랙션 인버터 및 전력 인자 보정(PFC) 프로토타입은 효율성 향상, 스위칭 손실 제거 및 우수한 전자기 호환성을 제공합니다. 회사는 독일의 Systematec GmbH와 협력하여 유럽 시연 노력을 확대하고 있습니다. 또한 Hillcrest는 해양 배터리 프로젝트에도 협력하고 있으며, 2025년 초에 해양 육상 전력 애플리케이션을 위한 300kVA | 800V ZVS 인버터 프로토타입이 예상됩니다.
회사의 ZVS 기술은 전기차, 산업 전력 변환 및 재생 가능 에너지 분야에서 다양한 응용 프로그램이 있어, 힐크레스트가 확장하는 청정 에너지 및 전기화 시장의 일부를 차지할 수 있는 입지를 다지고 있습니다.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) progresse vers des accords commerciaux avec les principaux constructeurs automobiles et fournisseurs, stimulé par un intérêt croissant pour sa technologie de commutation à tension nulle (ZVS). L'entreprise avance dans des discussions de développement conjoint et espère terminer des démonstrations avancées avec plusieurs nouveaux clients, dont trois des dix plus grands constructeurs automobiles au monde, d'ici la fin de l'année.
Le prototype d'onduleur de traction ZVS de Hillcrest et la correction du facteur de puissance (PFC) offrent une efficacité améliorée, l'élimination des pertes de commutation et une compatibilité électromagnétique supérieure. L'entreprise élargit ses efforts de démonstration en Europe, en collaboration avec Systematec GmbH en Allemagne. Hillcrest collabore également au projet Ocean Batteries, avec le premier prototype d'onduleur ZVS de 300kVA | 800V prévu début 2025 pour des applications d'alimentation à quai pour navires.
La technologie ZVS de l'entreprise a de nombreuses applications dans les véhicules électriques, la conversion d'énergie industrielle et les secteurs des énergies renouvelables, positionnant Hillcrest pour capturer une part des marchés en pleine expansion de l'énergie propre et de l'électrification.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) macht Fortschritte in Richtung kommerzieller Vereinbarungen mit führenden Automobilherstellern und Zulieferern, angetrieben durch das wachsende Interesse an ihrer Zero Voltage Switching (ZVS) Technologie. Das Unternehmen führt gemeinschaftliche Entwicklungsdiskussionen und erwartet, bis Ende des Jahres fortgeschrittene Demonstrationen mit mehreren neuen Kunden, darunter drei der zehn größten Automobilhersteller der Welt, abzuschließen.
Der ZVS-Traktionsinverter und der Energiefaktor-Korrektur (PFC) Prototyp von Hillcrest bieten verbesserte Effizienz, die Eliminierung von Schaltverlusten und eine überlegene elektromagnetische Verträglichkeit. Das Unternehmen erweitert seine europäischen Demonstrationsbemühungen in Zusammenarbeit mit Systematec GmbH in Deutschland. Hillcrest arbeitet auch im Projekt Ocean Batteries mit, wobei der erste 300kVA | 800V ZVS-Inverter-Prototyp Anfang 2025 für die marine Landstromanwendungen erwartet wird.
Die ZVS-Technologie des Unternehmens hat vielfältige Anwendungen in elektrischen Fahrzeugen, industrieller Energieumwandlung und im Bereich erneuerbarer Energien, wodurch Hillcrest in der Lage ist, einen Teil der wachsenden Märkte für saubere Energie und Elektrifizierung zu erobern.
- Advancing towards commercial agreements with leading automakers and Tier One suppliers
- ZVS technology offers potential savings of up to $2,200 per vehicle in the EV market
- Expanded European demonstration efforts and collaboration with Systematec GmbH
- On track to deliver first 300kVA | 800V ZVS inverter prototype for Ocean Batteries project in early 2025
- Diverse applications of ZVS technology across EV, industrial, and renewable energy sectors
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is pleased to provide an update on the Company's recent accomplishments, highlighting key advancements and strategic developments as it continues to position itself as a leader in the fast-growing electric vehicle (EV) and renewable energy sectors.
"Our ZVS technology represents a significant leap forward in power conversion capabilities. Recent advancements are critical for driving broad adoption across multiple industries," said Hillcrest CEO Don Currie.
Momentum Building: Progressing Towards Commercial Agreements with Top Automakers and Suppliers
Hillcrest is advancing joint development discussions with leading automakers and Tier One suppliers, fueled by growing interest in its Zero Voltage Switching (ZVS) technology. Our ZVS traction inverter and power factor correction (PFC) prototype stand out for their unique benefits, such as enhanced efficiency, elimination of switching losses, and superior electromagnetic compatibility (EMC). These advantages make Hillcrest's technology particularly appealing in the electric vehicle and industrial power conversion markets.
"We believe we are on the verge of a major breakthrough, with our first commercial agreement potentially nearing fruition," said CEO Don Currie. "Several potential deals are in the advanced stages, and our recent demonstrations and strategic collaborations, especially in Europe, are paving the way for formal partnerships. We are confident these ongoing discussions will soon translate into significant commercial transactions, driving long-term growth for Hillcrest."
Despite recent market declines, the global electric vehicle market is projected to grow at a compound annual growth rate (CAGR) of 18
Accelerated Demonstration Schedule to Drive Commercial Adoption
Hillcrest is actively showcasing the value of its ZVS-enabled products to a growing list of potential customers and partners, with the aim of securing its first commercial agreements. By the end of the year, the Company expects to complete advanced demonstrations with several new customers, including three of the world's top ten automakers and major Tier One suppliers. These demonstrations highlight the key features of Hillcrest's ZVS traction inverter, which are designed to meet the critical needs of next-generation electric vehicle platforms. Hillcrest's ZVS-enabled PFC prototype will also be showcased, highlighting its potential to enhance power quality and optimize energy usage in EV onboard chargers and other industrial and renewable energy applications.
Strategic Collaborations in Europe: Hillcrest and Systematec Push Technological Boundaries
Recently, Hillcrest and its development partner, Systematec GmbH, held a series of strategic meetings in Germany with potential customers and investors. These discussions, along with a two-week technical collaboration, have been instrumental in advancing Hillcrest's ZVS traction inverter and PFC prototypes.
"The time spent in Germany resulted in significant commercial advancements with potential customers and was instrumental in accelerating the further development of our ZVS technologies," Currie continued. "The collaborative environment allowed us to push the boundaries of what our products can achieve while simultaneously building stronger connections with key industry stakeholders."
Hillcrest's ongoing presence in Europe supports its broader strategy to capitalize on the multi-billion-dollar market opportunity for high-efficiency power electronics in EV, industrial and renewable energy applications.
Ocean Batteries Collaboration: Prototype Development on Track for Early 2025
Hillcrest's partnership in the Ocean Batteries project is progressing as planned, with the delivery of the first 300kVA | 800V ZVS inverter prototype expected in early 2025. This prototype is designed to meet the stringent demands of marine shore power applications and could set a new benchmark for efficiency and reliability in the marine energy storage sector. The European energy storage market is forecasted to grow at a compounded annual growth rate exceeding
"We're excited about the potential impact of our ZVS inverter on the Ocean Batteries project," said James Bolen, Chief Commercialization Officer at Hillcrest. "This collaboration highlights our commitment to expanding ZVS technology into grid-connected applications, including marine and renewable energy generation."
Diverse Applications of ZVS Technology Driving Hillcrest's Growth
Hillcrest's Zero Voltage Switching technology is at the heart of the Company's portfolio, offering versatile, high-performance solutions across multiple sectors:
- The ZVS traction inverter enhances EV performance by eliminating switching losses and improving EMC, offering up to US
$2,200 in savings per vehicle.
- The ZVS power factor correction (PFC) optimizes power management in industrial and renewable energy applications, reducing energy losses and ensuring greater operational efficiency across systems such as EV onboard charging, renewable energy generation and energy storage.
- The grid-connect ZVS inverter is designed for energy storage and stationary applications, such as e-mobility chargers and data centers, providing highly efficient power conversion with minimal harmonic distortion. These advantages could lead to tens of millions of dollars in additional power generation revenue over the lifetime of a utility-scale solar farm
- The ZVS-enabled power module is a highly versatile, integrated solution that can be customized for various power levels and voltage needs, applicable to EVs, renewable energy systems, and industrial power applications.
"With these advanced applications, Hillcrest is poised to capture a share of the clean energy and electrification markets," said Currie. "Our technology roadmap positions us as a leader in the clean energy transition, and our portfolio of innovative solutions offers immense potential for both short- and long-term growth."
Looking Ahead: Hillcrest's Commitment to Shareholder Value
With key partnerships on the horizon and groundbreaking ZVS technology ready to disrupt multiple markets, Hillcrest is well-positioned to deliver significant shareholder value in the clean energy transition.
About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" and on the Frankfurt Exchange as "7HI". For more information, please visit: https://hillcrestenergy.tech/.
CONTACT INFORMATION
Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006
Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481
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Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2023, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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