Hillcrest Energy Technologies and Systematec GmbH Sign MOU to Expand Collaboration and Complete Distribution Agreement for European Automotive Market
Hillcrest Energy Technologies (HLRTF) has signed a Memorandum of Understanding (MOU) with Systematec GmbH, a German engineering firm specializing in power electronics. The agreement aims to strengthen their partnership and explore a distribution agreement for Hillcrest's Zero Voltage Switching (ZVS) inverter technology in the European automotive market.
The collaboration combines Hillcrest's ZVS technology with Systematec's European presence and technical expertise to accelerate the adoption of high-efficiency power conversion solutions by automotive manufacturers. The partnership focuses on delivering the ZVS technology at scale and helping European automakers improve system performance and efficiency.
Hillcrest Energy Technologies (HLRTF) ha firmato un Memorandum of Understanding (MOU) con Systematec GmbH, un'azienda di ingegneria tedesca specializzata in elettronica di potenza. L'accordo mira a rafforzare la loro partnership ed esplorare un accordo di distribuzione per la tecnologia degli inverter a Zero Voltage Switching (ZVS) di Hillcrest nel mercato automobilistico europeo.
La collaborazione combina la tecnologia ZVS di Hillcrest con la presenza europea e l'esperienza tecnica di Systematec per accelerare l'adozione di soluzioni di conversione di potenza ad alta efficienza da parte dei produttori automobilistici. La partnership si concentra sulla fornitura su larga scala della tecnologia ZVS e sull'aiuto ai produttori di automobili europei nel migliorare le prestazioni e l'efficienza dei sistemi.
Hillcrest Energy Technologies (HLRTF) ha firmado un Memorando de Entendimiento (MOU) con Systematec GmbH, una empresa de ingeniería alemana especializada en electrónica de potencia. El acuerdo tiene como objetivo fortalecer su asociación y explorar un acuerdo de distribución para la tecnología de inversores de Cambio de Voltaje Cero (ZVS) de Hillcrest en el mercado automotriz europeo.
La colaboración combina la tecnología ZVS de Hillcrest con la presencia europea y la experiencia técnica de Systematec para acelerar la adopción de soluciones de conversión de energía de alta eficiencia por parte de los fabricantes de automóviles. La asociación se centra en ofrecer la tecnología ZVS a gran escala y en ayudar a los fabricantes de automóviles europeos a mejorar el rendimiento y la eficiencia de los sistemas.
힐크레스트 에너지 기술(HLRTF)는 독일 전력 전자 공학 전문 기업 Systematec GmbH와 양해각서(MOU)를 체결했습니다. 이 협정은 그들의 파트너십을 강화하고 힐크레스트의 제로 전압 스위칭(ZVS) 인버터 기술에 대한 유럽 자동차 시장의 배급 계약을 탐색하기 위한 것입니다.
이번 협력은 힐크레스트의 ZVS 기술과 Systematec의 유럽 내 존재감 및 기술 전문성을 결합하여 자동차 제조업체의 고효율 전력 변환 솔루션 채택을 가속화합니다. 이 파트너십은 ZVS 기술을 대규모로 제공하고 유럽 자동차 제조업체가 시스템 성능과 효율성을 개선하도록 도울 것입니다.
Hillcrest Energy Technologies (HLRTF) a signé un Protocole d'Accord (MOU) avec Systematec GmbH, une société d'ingénierie allemande spécialisée dans l'électronique de puissance. Cet accord vise à renforcer leur partenariat et à explorer un accord de distribution pour la technologie des onduleurs à Commutation de Tension Nulle (ZVS) de Hillcrest sur le marché automobile européen.
La collaboration associe la technologie ZVS de Hillcrest à la présence européenne et à l'expertise technique de Systematec pour accélérer l'adoption de solutions de conversion d'énergie à haute efficacité par les fabricants automobiles. Le partenariat se concentre sur la fourniture de la technologie ZVS à grande échelle et sur l'aide aux constructeurs automobiles européens pour améliorer la performance et l'efficacité des systèmes.
Hillcrest Energy Technologies (HLRTF) hat ein Memorandum of Understanding (MOU) mit Systematec GmbH, einem deutschen Ingenieurbüro, das auf Leistungselektronik spezialisiert ist, unterzeichnet. Die Vereinbarung zielt darauf ab, ihre Partnerschaft zu stärken und eine Vertriebsvereinbarung für die Zero Voltage Switching (ZVS) Invertertechnologie von Hillcrest im europäischen Automobilmarkt zu erkunden.
Die Zusammenarbeit kombiniert die ZVS-Technologie von Hillcrest mit der europäischen Präsenz und technischen Expertise von Systematec, um die Einführung von hocheffizienten Energieumwandlungslösungen durch Automobilhersteller zu beschleunigen. Die Partnerschaft konzentriert sich darauf, die ZVS-Technologie in großem Maßstab bereitzustellen und europäischen Automobilherstellern zu helfen, die Systemleistung und Effizienz zu verbessern.
- Strategic MOU signed with established German engineering firm for European market expansion
- Potential distribution agreement for ZVS inverter technology in European automotive sector
- Partnership leverages Systematec's existing market presence and technical expertise
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a leader in high-performance power conversion technologies, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Systematec GmbH, a Germany-based engineering firm specializing in power electronics design and system integration.
This MOU underscores the companies' commitment to strengthening their collaborative partnership and identifies multiple avenues for deepened cooperation, including the potential establishment of a distribution agreement. Under the terms being explored, Systematec would distribute Hillcrest's proprietary Zero Voltage Switching (ZVS) inverter technology for automotive applications in Europe.
Strengthening a Shared Vision
The expanded collaboration reflects the companies' shared vision of delivering cutting-edge power conversion solutions to the electric vehicle (EV) market. Combining Hillcrest's industry-leading ZVS technology with Systematec's robust presence in Europe and extensive technical expertise, the partnership aims to accelerate the adoption of high-efficiency, cost-effective solutions by automotive manufacturers and suppliers.
"This MOU marks an important milestone in our growing relationship with Systematec," said Don Currie, CEO of Hillcrest Energy Technologies. "A distribution agreement is just one of the joint opportunities we are exploring. This partnership is about much more. By leveraging Systematec's engineering capabilities, reputation and market reach, we are building a foundation to deliver our ZVS technology at scale and help European automakers achieve superior system performance and efficiency."
Harald Hengstenberger, Managing Director of Systematec GmbH, added, "Hillcrest's ZVS technology is a game-changer for the EV market, and we are proud to deepen our collaboration. Our shared efforts will not only focus on distribution but also on integrating this transformative technology into systems that meet the unique needs of European automotive manufacturers and suppliers. This partnership has the potential to deliver significant advancements in efficiency, reliability, and overall system performance."
About Hillcrest ZVS Technology
Hillcrest's ZVS inverter technology achieves an industry-leading efficiency of
About Systematec GmbH
With over two decades of experience in power electronics design and system integration, Systematec GmbH serves the automotive and industrial sectors with tailored, innovative solutions. Based in Germany, the company is a trusted partner for engineering services and system implementation.
Next Steps in Collaboration
The companies plan to finalize the terms of the potential distribution agreement in the coming months. Beyond distribution, Hillcrest and Systematec intend to collaborate on broader initiatives that leverage their complementary expertise to advance the adoption of efficient, sustainable power conversion solutions across Europe.
The Company also announces the grant of 758,656 restricted shares units of the Company ("RSUs") to a consultant and director of the Company. The RSUs have a 3-year term. 593,656 of the RSU's vest immediately with the remaining 165,000 vesting based on performance criteria.
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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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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FAQ
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