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Hillcrest Energy Technologies Wraps Up 2024 Demonstrations with Industry-Leading Results

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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 (HLRTF) ha completato le dimostrazioni ai clienti per il 2024 con risultati eccezionali. Il prototipo dell'inverter di trazione a Zero Voltage Switching (ZVS) dell'azienda ha raggiunto guadagni di efficienza a livello di sistema fino al 6% a punti di funzionamento a bassa potenza, con un'efficienza dell'inverter leader nel settore del 99,7%. I test sono stati condotti utilizzando la Procedura di Test per Veicoli Leggeri Harmonizzati a Livello Mondiale (WLTP).

Il prototipo di Correzione del Fattore di Potenza (PFC) dell'azienda ha dimostrato anche capacità significative nell'ottimizzazione dei sistemi energetici, riducendo la potenza reattiva durante i test presso le strutture della Systematec GmbH in Germania. Questa tecnologia offre promesse sia per le applicazioni nei veicoli elettrici sia per i sistemi energetici stazionari, incluse le soluzioni di energia rinnovabile, i data center e le applicazioni collegate alla rete.

Hillcrest Energy Technologies (HLRTF) ha completado sus demostraciones para clientes en 2024 con resultados excepcionales. El prototipo del inversor de tracción de Zero Voltage Switching (ZVS) de la empresa logró ganancias de eficiencia a nivel de sistema de hasta el 6% en puntos de operación de baja potencia, con una eficiencia del inversor líder en la industria del 99,7%. Las pruebas se realizaron utilizando el Procedimiento de Prueba para Vehículos Ligeros Armonizados a Nivel Mundial (WLTP).

El prototipo de Corrección del Factor de Potencia (PFC) de la empresa también demostró capacidades significativas para optimizar sistemas energéticos al minimizar la potencia reactiva durante las pruebas en las instalaciones de Systematec GmbH en Alemania. Esta tecnología muestra un gran potencial tanto para aplicaciones de VE como para sistemas energéticos estacionarios, incluidas soluciones de energía renovable, centros de datos y aplicaciones conectadas a la red.

힐크레스트 에너지 기술(HLRTF)는 2024년 고객 시연을 뛰어난 결과로 완료했습니다. 회사의 제로 전압 스위칭(ZVS) 트랙션 인버터 프로토타입은 저전력 운영 지점에서 시스템 수준의 효율성을 최대 6% 향상시켰으며, 업계 최고의 인버터 효율인 99.7%를 기록했습니다. 테스트는 세계적으로 조화된 경량 차량 테스트 절차(WLTP)를 이용하여 실시되었습니다.

회사의 역률 보정(PFC) 프로토타입 또한 독일의 Systematec GmbH 시설에서 실시된 테스트에서 재활용 전력을 최소화하여 에너지 시스템을 최적화하는 데 중요한 능력을 보여주었습니다. 이 기술은 전기차 애플리케이션 및 태양광 발전소, 데이터 센터, 그리드 연결 애플리케이션을 포함한 고정형 에너지 시스템에 대한 가능성을 보입니다.

Hillcrest Energy Technologies (HLRTF) a terminé ses démonstrations clients pour 2024 avec des résultats exceptionnels. Le prototype d'inverseur de traction à commutation de tension nulle (ZVS) de l'entreprise a atteint des gains d'efficacité au niveau du système allant jusqu'à 6% aux points de fonctionnement à faible puissance, avec une efficacité d'inverseur leader dans l'industrie de 99,7%. Les tests ont été réalisés en utilisant la Procédure de Test Mondiale Harmonisée pour Véhicules Légers (WLTP).

Le prototype de correction du facteur de puissance (PFC) de l'entreprise a également démontré des capacités significatives pour optimiser les systèmes énergétiques en minimisant la puissance réactive lors des tests effectués dans les installations de Systematec GmbH en Allemagne. Cette technologie montre un potentiel tant pour les applications de VE que pour les systèmes énergétiques stationnaires, y compris les solutions d'énergie renouvelable, les centres de données et les applications connectées au réseau.

Hillcrest Energy Technologies (HLRTF) hat seine Kunden-Demonstrationen für 2024 mit außergewöhnlichen Ergebnissen abgeschlossen. Der Prototyp des Zero Voltage Switching (ZVS) Traktionsinverters des Unternehmens erzielte bei Betriebsbedingungen mit niedriger Leistung eine Systemeefizienzsteigerung von bis zu 6% und eine branchenspezifische Invertereffizienz von 99,7%. Die Tests wurden gemäß dem Worldwide Harmonized Light Vehicle Test Procedure (WLTP) durchgeführt.

Der Prototyp zur Leistungsfaktorregelung (PFC) des Unternehmens demonstrierte ebenfalls erhebliche Fähigkeiten zur Optimierung von Energiesystemen, indem die Blindleistung während der Tests in den Einrichtungen von Systematec GmbH in Deutschland minimiert wurde. Diese Technologie zeigt Potenzial sowohl für Anwendungen im Bereich Elektrofahrzeuge als auch für stationäre Energiesysteme, einschließlich erneuerbarer Energielösungen, Rechenzentren und netzgebundene Anwendungen.

Positive
  • ZVS traction inverter achieved up to 6% system-level efficiency gains
  • Industry-leading inverter efficiency of 99.7%
  • 1% efficiency boost can increase EV range by up to 2%
  • Optimized semiconductor usage with less than 3 mm²/kW
  • PFC technology demonstrates potential for multiple applications beyond EVs
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a leading innovator in power conversion technologies, has successfully concluded its 2024 customer demonstrations with outstanding results. Through extensive demonstration tests performed at automotive manufacturers' and suppliers' facilities, as well as at Systematec GmbH's facilities in Germany, the Company's Zero Voltage Switching (ZVS) traction inverter prototype and Power Factor Correction (PFC) prototype have delivered significant performance gains, solidifying the Company's position at the forefront of power electronics innovation.

Unlocking New Levels of EV Efficiency with Hillcrest's ZVS Traction Inverter Prototype

Recent testing of Hillcrest's ZVS traction inverter prototype, conducted with top automotive manufacturers and suppliers, demonstrated system-level efficiency gains of up to 6% at various low-power operating points. These results, measured using the Worldwide Harmonized Light Vehicle Test Procedure (WLTP), highlight Hillcrest's potential to significantly enhance EV performance compared to existing solutions.

At the core of these advancements is the prototype's industry-leading inverter efficiency of 99.7%, which drives system-level improvements by reducing energy losses and maximizing usable power. This efficiency translates to meaningful benefits across the entire powertrain:

  • Minimizing Energy Loss: Virtually eliminates switching losses, ensuring more energy reaches the electric motor.

  • Delivering Low Electromagnetic Interference (EMI): Simplifies system design and enhances reliability.

  • Reducing Heat Generation: Enhanced efficiency simplifies thermal management, lowering cooling system complexity, weight, and cost.

  • Extending Range: Even a 1% boost in system efficiency can increase EV range by up to 2%, according to multiple automotive manufacturers.

  • Optimizing Semiconductor Usage: Achieves unparalleled efficiency with less than 3 mm²/kW, resulting in cost-effective, compact designs.

By enhancing the inverter's efficiency, Hillcrest's ZVS technology amplifies overall system performance, offering both EV manufacturers and consumers substantial advantages, such as

greater driving range, reduced energy consumption, and lower system costs. These benefits can position Hillcrest as a leader in driving the next wave of EV innovation.

Enhancing Power Quality with Hillcrest's PFC Prototype

In separate demonstrations with several automotive manufacturers and suppliers at Systematec GmbH's facilities in Germany, Hillcrest's PFC prototype showcased its ability to optimize energy systems by minimizing reactive power.

Power factor measures how effectively electrical power is converted into useful work. A high power factor means more useful power is available, while a low power factor means more power is wasted as reactive power, which does not do useful work. This imbalance can increase energy costs and reduce the working capacity of electrical systems.

In electric vehicles, PFC is integral to the operation of onboard chargers, ensuring the efficient conversion of AC from the grid into DC for battery storage and vice versa. Hillcrest's PFC prototype demonstrated:

Improving Energy Efficiency: Maximizing usable power in EV onboard charging systems.

Cost Optimization: Efficient semiconductor utilization and low EMI support the development of smaller, lighter and more affordable onboard chargers.

The potential for Hillcrest's PFC goes beyond EVs. In stationary applications like renewable energy systems, grid-connected solutions, data centers and devices like heat pumps and air conditioners, the PFC can operate in mirrored configurations, using the same components for PFC and inverter functions. This approach lowers manufacturing costs and boosts versatility, making it suitable for a wide range of energy applications

"Our 2024 demonstrations have been a resounding success, showcasing the tangible benefits of our technology through extensive testing at automotive facilities as well as at Systematec," said Don Currie, CEO of Hillcrest Energy Technologies. "From increased efficiency to reduced system complexity and cost savings, the results validate the incredible potential of our ZVS traction inverter and PFC prototypes. These advancements not only enhance EV performance but could also contribute to a more sustainable energy future across multiple sectors."

Hillcrest's ZVS technology is poised to deliver measurable value across automotive and stationary energy applications, driving efficiency, cost savings, and improved performance. As the Company transitions into 2025, it is preparing for additional demonstrations and an acceleration of commercialization efforts.

For more information, visit www.hillcrestenergy.tech.

About Hillcrest Energy Technologies Ltd.

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

Or

Walter Frank/Jennifer Belodeau
IMS Investor Relations
hillcrest@imsinvestorrelations.com
O: +1 203-972-9200

Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233842

FAQ

What efficiency gains did Hillcrest's HLRTF ZVS traction inverter achieve in 2024 testing?

Hillcrest's ZVS traction inverter prototype demonstrated system-level efficiency gains of up to 6% at various low-power operating points, with an industry-leading inverter efficiency of 99.7%.

How much can HLRTF's ZVS technology improve EV range?

According to multiple automotive manufacturers, a 1% boost in system efficiency can increase EV range by up to 2%.

What is the semiconductor usage efficiency of HLRTF's ZVS technology?

The technology achieves efficiency with less than 3 mm²/kW, resulting in cost-effective, compact designs.

Where were HLRTF's 2024 PFC prototype demonstrations conducted?

The PFC prototype demonstrations were conducted at Systematec GmbH's facilities in Germany, with several automotive manufacturers and suppliers.

What applications beyond EVs can HLRTF's PFC technology be used for?

The PFC technology can be used in stationary applications including renewable energy systems, grid-connected solutions, data centers, heat pumps, and air conditioners.

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