Welcome to our dedicated page for Hillcrest Energy Tech news (Ticker: HLRTF), a resource for investors and traders seeking the latest updates and insights on Hillcrest Energy Tech stock.
Hillcrest Energy Technologies (HLRTF) is a leader in advanced power conversion systems driving efficiency in electric vehicles and renewable energy infrastructure. This page provides investors and industry professionals with direct access to official announcements and strategic developments.
Discover comprehensive updates on Hillcrest's Zero Voltage Switching (ZVS) technology advancements, partnership agreements, and market expansion initiatives. Our curated news collection covers earnings reports, intellectual property milestones, and collaborations with key industry players like Ocean Batteries and Systematec.
Stay informed about Hillcrest's progress in optimizing energy systems for automotive and grid applications. All content is verified for accuracy and relevance, offering insights into technical innovations and commercial strategies without speculative commentary.
Bookmark this page for streamlined access to HLRTF's latest developments in clean energy technology. Check back regularly for real-time updates on performance benchmarks, regulatory compliance achievements, and global market penetration efforts.
Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF, FSE: 7HI) announced an investor relations agreement with Gold Standard Media (GSM) effective May 31, 2024. The agreement involves GSM and affiliates providing marketing services such as digital marketing, email marketing, and influencer marketing over a twelve-month period starting June 3, 2024. Hillcrest will pay GSM $250,000, Future Money Trends (FMT) $375,000, and Wealth Research Group (WRG) $375,000 upfront. The contract also allows for an additional $300,000 in advertising services. The services will be managed by GSM's team, led by Kenneth Ameduri, Juliet Ameduri, and Lior Gantz.
Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF, FSE: 7HI) announced a joint development opportunity with a European energy storage services innovator (ESS Innovator) to deliver 300kVA | 800V Hillcrest ZVS inverters. This collaboration aims to customize a ZVS inverter prototype, potentially leading to a commercial supply arrangement. The European energy storage market is projected to grow at over 18% CAGR through 2029.
Hillcrest's ZVS technology boosts efficiency and minimizes electromagnetic interference costs, broadening applications beyond EV traction inverters to include stationary, grid-connected uses.
CEO Don Currie stated that this project marks a significant milestone for the company.
Hillcrest also announced the issuance of 7,297,025 shares as incentives and the grant of 2,410,000 RSUs and 4,663,867 stock options to executives, employees, and consultants. Additionally, corrections were made to a previous news release regarding an equity drawdown facility.
Hillcrest Energy Technologies (HLRTF) is expanding its business in the UK, focusing on clean technology and power conversion. CEO Don Currie is engaging with potential partners in the region. The company closed the third drawdown of a $5 million equity facility, receiving $156,435 in funding. Hillcrest plans to use the proceeds for technology development and general working capital.
Hillcrest Energy Technologies has successfully closed the third and final tranche of its oversubscribed non-brokered private placement, raising $3,218,500 in gross proceeds. The Private Placement consisted of 12,874,000 units at $0.25 per unit, with each unit including a common share and a warrant. The Company paid commissions, finder's fees, and issued additional units to certain service providers. The net proceeds will be used for technology development, commercialization, working capital, and service provider fees.
