Hillcrest Energy Technologies Drives Market Readiness with New Strategic Initiatives
Hillcrest Energy Technologies (HLRTF) announced strategic initiatives marking its evolution towards commercialization of its Zero Voltage Switching (ZVS) technology. The company appointed Nad Karim as VP of Business Development, bringing over 20 years of technology entrepreneurship experience, including co-founding Tamba Networks and Sakuu.
The company established two Centers of Excellence: Vancouver Lab focusing on grid applications and Germany's Systematec GmbH facility specializing in automotive applications. They are finalizing a distribution agreement for ZVS inverter technology in Europe.
In a leadership transition, CTO Ari Berger stepped down effective January 10, 2025, making way for new engineering talent focused on product deployment, industry standards, and regulatory compliance. Berger will assist in onboarding new engineers and supporting technical initiatives.
Hillcrest Energy Technologies (HLRTF) ha annunciato iniziative strategiche che segnano la sua evoluzione verso la commercializzazione della sua tecnologia di Zero Voltage Switching (ZVS). L'azienda ha nominato Nad Karim come VP dello Sviluppo Commerciale, portando con sé oltre 20 anni di esperienza nell'imprenditoria tecnologica, tra cui la co-fondazione di Tamba Networks e Sakuu.
L'azienda ha istituito due Centri di Eccellenza: il Vancouver Lab, che si concentra sulle applicazioni di rete, e la struttura Systematec GmbH in Germania, specializzata in applicazioni automobilistiche. Stanno finalizzando un accordo di distribuzione per la tecnologia inverter ZVS in Europa.
In una transizione di leadership, il CTO Ari Berger si è dimesso, con effetto dal 10 gennaio 2025, aprendo la strada a nuovi talenti ingegneristici focalizzati sul deployment dei prodotti, sugli standard industriali e sulla conformità normativa. Berger assisterà nell'inserimento di nuovi ingegneri e nel supporto delle iniziative tecniche.
Hillcrest Energy Technologies (HLRTF) anunció iniciativas estratégicas que marcan su evolución hacia la comercialización de su tecnología de Zero Voltage Switching (ZVS). La empresa nombró a Nad Karim como VP de Desarrollo Comercial, aportando más de 20 años de experiencia en emprendimiento tecnológico, incluyendo la co-fundación de Tamba Networks y Sakuu.
La empresa estableció dos Centros de Excelencia: el laboratorio de Vancouver, enfocado en aplicaciones de red, y la instalación de Systematec GmbH en Alemania, especializada en aplicaciones automotrices. Están finalizando un acuerdo de distribución para la tecnología de inversor ZVS en Europa.
En una transición de liderazgo, el CTO Ari Berger renunció con efecto a partir del 10 de enero de 2025, abriendo el camino a nuevos talentos de ingeniería enfocados en el despliegue de productos, estándares industriales y cumplimiento regulatorio. Berger asistirá en la incorporación de nuevos ingenieros y en el apoyo a iniciativas técnicas.
힐크레스트 에너지 테크놀로지 (HLRTF)는 제로 전압 스위칭(ZVS) 기술의 상용화를 향한 진화를 나타내는 전략적 이니셔티브를 발표했습니다. 회사는 20년 이상의 기술 기업가 경험을 가진 Nad Karim을 사업 개발 부사장으로 임명했습니다. 그는 Tamba Networks와 Sakuu의 공동 창립자입니다.
회사는 두 개의 우수 센터를 설립했습니다: 그리드 애플리케이션에 중점을 둔 밴쿠버 연구소와 자동차 애플리케이션에 특화된 독일의 Systematec GmbH 시설. 그들은 유럽의 ZVS 인버터 기술에 대한 배급 계약을 마무리하고 있습니다.
리더십 전환에서 CTO 아리 버거는 2025년 1월 10일부로 사임하였으며, 제품 배포, 산업 기준 및 규정 준수에 중점을 두고 새로운 엔지니어링 인재가 수월하게 정착할 수 있도록 하였습니다. 버거는 새로운 엔지니어의 온보딩을 지원하고 기술 이니셔티브를 지원할 것입니다.
Hillcrest Energy Technologies (HLRTF) a annoncé des initiatives stratégiques marquant son évolution vers la commercialisation de sa technologie de Zero Voltage Switching (ZVS). L'entreprise a nommé Nad Karim au poste de VP de Développement Commercial, apportant plus de 20 ans d'expérience en entreprenariat technologique, y compris la co-fondation de Tamba Networks et Sakuu.
L'entreprise a établi deux Centres d'Excellence : le laboratoire de Vancouver, axé sur les applications de réseau, et la structure Systematec GmbH en Allemagne, spécialisée dans les applications automobiles. Ils finalisent un accord de distribution pour la technologie d'inverseur ZVS en Europe.
Lors d'une transition de leadership, le CTO Ari Berger a démissionné, prenant effet le 10 janvier 2025, laissant place à de nouveaux talents en ingénierie axés sur le déploiement de produits, les normes de l'industrie et la conformité réglementaire. Berger aidera à l'intégration de nouveaux ingénieurs et à la prise en charge d'initiatives techniques.
Hillcrest Energy Technologies (HLRTF) gab strategische Initiativen bekannt, die seine Entwicklung in Richtung Kommerzialisierung der Zero Voltage Switching (ZVS)-Technologie markieren. Das Unternehmen ernannte Nad Karim zum VP für Geschäftsentwicklung und bringt über 20 Jahre Erfahrung im Bereich Technologieunternehmen mit, einschließlich der Mitbegründung von Tamba Networks und Sakuu.
das Unternehmen richtete zwei Kompetenzzentren ein: das Vancouver Lab, das sich auf Netz Anwendungen konzentriert, und die Systematec GmbH in Deutschland, die auf Automobilanwendungen spezialisiert ist. Sie finalisieren einen Vertriebsvertrag für ZVS Wechselrichtertechnologie in Europa.
Im Rahmen eines Führungswechsels trat CTO Ari Berger zum 10. Januar 2025 zurück und ebnete damit den Weg für neue Ingenieurtalente, die sich auf Produktbereitstellung, Industriestandards und regulatorische Compliance konzentrieren. Berger wird helfen, neue Ingenieure einzuarbeiten und technische Initiativen zu unterstützen.
- Appointment of experienced tech entrepreneur Nad Karim as VP of Business Development
- Establishment of specialized Centers of Excellence in Vancouver and Germany
- Upcoming distribution agreement with Systematec GmbH for European market expansion
- Addition of senior engineering talent with expertise in product deployment and regulatory compliance
- Departure of CTO Ari Berger indicates significant leadership changes during critical commercialization phase
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a leader in high-performance power conversion technologies, today announced several strategic initiatives that mark the next phase of the Company's evolution. These initiatives highlight the maturation of Hillcrest's proprietary Zero Voltage Switching (ZVS) technology and an expanded focus on application-specific development and accelerating commercialization efforts.
Proven Technology Entrepreneur Joins the Team
Hillcrest is pleased to announce that Nad Karim has joined the company as Vice President of Business Development.
A seasoned executive and accomplished entrepreneur, Nad brings over two decades of experience in launching and scaling technology-driven businesses. His extensive track record spans cloud networking, electric vehicle batteries, semiconductor IP, additive manufacturing, and advanced battery technologies.
His entrepreneurial ventures include co-founding Tamba Networks, a low-latency Ethernet company acquired by Marvell in 2022, and Sakuu, a pioneering solid-state battery company recognized by TIME Magazine as one of the Best Inventions of 2024. Sakuu has raised over
Nad's expertise aligns seamlessly with Hillcrest's current needs as the Company accelerates its commercialize efforts. His proven ability to navigate complex industries and bring innovative solutions to market makes him uniquely positioned to support Hillcrest's strategic goals.
In his new role, Nad will leverage his global network and industry insights to identify and unlock new commercial opportunities. He will play a pivotal role in driving strategic partnerships, customer engagements, and entry into new markets.
"Nad's exceptional ability to connect innovative technologies with high-value opportunities will be instrumental in positioning Hillcrest as a leader in power conversion technologies," said Don Currie, CEO of Hillcrest Energy Technologies. "His proven global success navigating dynamic industries will help us extend our reach and maximize the impact of our disruptive ZVS technology."
Commenting on joining the Hillcrest team, Nad stated: "I am thrilled to join Hillcrest at such an exciting time. With its groundbreaking power conversion technology, the Company is uniquely positioned to capitalize on the accelerating global transition to electrification and renewable energy. I look forward to contributing my experience and network to open new doors and drive sustainable growth."
Global Centers of Excellence Established
As Hillcrest shifts focus from technology development to commercialization, the Company is streamlining its operations by designating key facilities as Centers of Excellence, each focused on critical market segments:
Vancouver Lab as Grid Center of Excellence: Focused on advancing power conversion technologies for grid applications, such as renewable energy integration, energy storage, and data centers, this facility centralizes expertise in grid-related solutions. The addition of senior engineering talent in this area will further accelerate the commercialization of grid-related power conversion technologies.
"The Vancouver Center of Excellence represents a significant step forward in our mission to innovate and deliver solutions that meet the evolving needs of the global energy market," continued Don Currie." By centralizing expertise in grid applications, we will drive further advancements in our power conversion solutions for renewable energy, energy storage, and data center applications."
Germany as Automotive Center of Excellence: Systematec GmbH's German facility will continue to play a central role in accelerating the adoption of Hillcrest's ZVS technology in electric vehicles. The recent addition of a highly respected firmware developer possessing extensive experience with field programmable gate array (FPGA)-based control systems has already enabled Hillcrest to expand its automotive offerings to include both the existing microcontroller and the new FPGA-based control system.
Next Steps in Collaboration
Under the recently signed Memorandum of Understanding (MOU) with Systematec GmbH, Hillcrest and Systematec are finalizing distribution agreement for Hillcrest's ZVS inverter technology in Europe. This expanded collaboration combined with the designation of Systematec's facility as the Company's Automotive Center of Excellence, underscores the companies' shared vision of delivering cutting-edge power conversion solutions to the EV market and highlights Systematec's role in amplifying Hillcrest's European presence.
Leadership Transition
Hillcrest continues the strategic evolution of its leadership team as the Company progresses further into the commercialization phase for its proprietary technology. Throughout 2024, Hillcrest initiated the transition from a focus on technology development to prioritizing commercial efforts, positioning itself to meet market demands. As part of this enhanced focus, Ari Berger has stepped down as Chief Technology Officer, effective January 10, 2025, to allow new senior engineering talent to assume responsibility for the next phase of product development.
The new engineering talent will bring deep expertise in product deployment, industry standards, and regulatory compliance. Their knowledge and experience will be instrumental in driving product strategies and ensuring customer deliverables align with market expectations.
Moving forward, Mr. Berger will focus his energy on assisting with the onboarding of these new engineers, ensuring a seamless transition while supporting the Company's ongoing technical initiatives.
Ari Berger commented on the transition, stating, "I'm excited about the opportunity to work alongside the new engineers joining the Hillcrest team. Their deep expertise in product deployment, industry standards, and regulatory compliance will be invaluable as we mature our technology and deliver it to customers. I have full confidence that this transition will enable Hillcrest to accelerate the deployment of our ZVS technology and meet the needs of the global market. Our focus remains clear-delivering industry-leading solutions to our customers with speed and precision."
Reflecting on Mr. Berger's impact, Don Currie, stated, "Ari has been instrumental in advancing Hillcrest's technical capabilities since 2021, and we deeply appreciate his invaluable contributions to our journey. As we transition more aggressively to product delivery, Ari's new role will ensure we maintain our momentum on key projects and enhance Hillcrest's ability to align its strategic initiatives with commercial objectives. We are committed to ensuring Hillcrest remains at the forefront of innovation, ready to deliver best-in-class solutions that drive the future of the industry."
Hillcrest's Exciting Next Chapter
"As Hillcrest enters this exciting next phase, we are focused on scaling our proprietary technology to meet global market demands," concluded Don Currie. "The establishment of our global Centers of Excellence and the continued evolution of our leadership team highlight our commitment to operational excellence and positioning Hillcrest as a leader in the energy transition. With a sharp focus on delivering real-world value to customers, the Company is well-positioned for success in this exciting new chapter."
About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean technology company focused on developing transformative power conversion solutions. The company's proprietary zero-voltage switching (ZVS) inverter technology delivers unparalleled efficiency, reliability, and performance across various applications, including electric vehicles, renewable energy systems, and industrial markets. Hillcrest is committed to driving a sustainable future through innovative energy solutions.
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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FAQ
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