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Hillcrest Energy Tech Ltd - HLRTF STOCK NEWS

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.

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Hillcrest Energy Technologies (HLRTF) announces a significant milestone for its ZVS-enabled power modules, positioning the company to take advantage of a potential new revenue stream. The next generation EV inverter featuring the new power modules is currently being used for testing and demonstration programs with various potential customers and partners. With the global power module market reaching US$2.7B in 2022 and a forecasted annual growth rate of more than 11%, this could become a valuable potential revenue stream for the company.
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Hillcrest Energy Technologies (HLRTF) is focused on customer engagements and securing commercial commitments in 2024 after significant breakthroughs in technology launches and multiple commercial engagements in 2023. The company has secured demonstrations and advanced testing opportunities with automotive OEMs and a global Tier One supplier, as well as an in-water demonstration with Hercules Electric Mobility's e-boat. Hillcrest will be using its next-generation EV inverter for demonstration and advanced testing programs, leveraging 350-kilowatt silicon carbide (SiC) technology designed for applications up to 1,000 volts, demonstrating industry-leading efficiency of up to 99.6% resulting in expected cost savings per vehicle of up to US$2,200.
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Hillcrest Energy Technologies (HLRTF) has secured a $5 million equity drawdown facility from a third-party investor. The company will pay a commitment fee of 2.5% of the total capital committed and 12% annualized interest on any drawdown amount. The Equity Facility will be used for technology and product development, commercialization, and general working capital. The first drawdown is expected to close by the end of the month.
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Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) welcomes Daryn Gordon as new CFO, presents at Investor Summit, and grants stock options to consultant.
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Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is undergoing proof-of-concept testing for its ZVS grid-tied inverter, which is expected to generate multiple future revenue streams from various grid-tied applications, including solar and wind generation, storage, V2X, and EV charging infrastructure.
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Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is a clean technology company focusing on power conversion technologies. The company has made progress in joint development discussions with a European Automotive OEM, entered the third phase of testing with a Global Tier One Supplier, and is preparing for an advanced demonstration program with a Global Motor Supplier and Hercules Electric Mobility.
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Hillcrest Energy Technologies is participating in an investor conference in Perth, Australia. The company's CEO will present at the Transatlantic Investment Summit, hosted by The Market Herald's HotCopper and the Canadian Securities Exchange. Hillcrest's Zero Voltage Switching (ZVS) technology aims to provide more efficient and reliable power conversion for grid-connected renewable energy systems.
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Hillcrest Energy Technologies provides an update on recent activities, including the CEO's return to the United Kingdom for follow-up meetings and the expansion of the technical team.
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Government of Canada provides support for Hillcrest Energy Technologies' demonstration program with Hercules Electric Mobility and a global motor supplier, offering advisory services and up to $130,000 in research and development funding.
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Hillcrest selected to present at exclusive family office event in London. Secures meetings with UK-based automotive OEM's, motor manufacturers, and suppliers.
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Hillcrest Energy Tech Ltd

OTC:HLRTF

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