HILLCREST ENERGY TECH LTD - HLRTF STOCK NEWS

Hillcrest Energy Technologies has successfully completed its first milestone in collaboration with a global Tier One automotive supplier. This achievement involves the integration of Hillcrest's optimized 250-kW Silicon Carbide (SiC) inverter into an electrical powertrain system. Following the successful demonstration tests, a purchase order has been issued for the next two milestones, which include further integration and testing phases in 2023. The ultimate goal is to commercialize a powerful 350-kW inverter by 2024. Hillcrest's technology has shown promising results in reducing electromagnetic interference, potentially extending the lifespan of components and reducing costs. This marks a significant step in Hillcrest's commitment to developing innovative power conversion technologies for sustainable energy solutions.

Hillcrest Energy Technologies (OTCQB: HLRTF) has engaged Craig-Hallum Capital Group as its capital markets advisory and investment banking firm effective April 15, 2023. This collaboration aims to advance Hillcrest's growth trajectory in clean technology and power conversion technologies. CEO Don Currie emphasized the strategic importance of partnering with a respected firm like Craig-Hallum, known for its experience in the industry. Hillcrest is focused on developing innovative energy solutions for a sustainable future. The company is publicly traded on multiple exchanges, including the OTCQB under the symbol HLRTF.

On April 11, 2023, Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) announced the appointment of Dan Coker as a strategic advisor. Coker, a veteran automotive executive known for his leadership role at Gentherm, is expected to aid in the execution of the company's growth strategy. Coker's extensive experience, including growing Gentherm to a billion-dollar enterprise, aligns with Hillcrest's mission to advance its clean technology innovations. Hillcrest's Chief Executive Officer, Don Currie, expressed confidence in Coker's ability to contribute to the company's scalability and commercialization efforts.

Coker emphasized Hillcrest's potential for disruption in power conversion technologies across sectors, indicating a strong future for the firm.

Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF, FRA: 7HIA.F) announced preparations for dynamic load bench demonstrations of its SiC traction inverter at Systematec GmbH in Germany, scheduled to begin in April and conclude by the end of Q2 2023. The 250-kilowatt, 800-volt inverter will be tested with a European automotive OEM's motor, showcasing its Zero Voltage Switching (ZVS) technology's benefits at higher power levels. These demonstrations are pivotal for potential commercial agreements, as the Company continues to exceed expectations in its development milestones for 2023.

Hillcrest Energy Technologies (OTCQB: HLRTF) reported significant advancements in their clean technology developments. The company is accelerating demonstration testing of their 250 kW, 800 V SiC traction inverter prototype in collaboration with a global tier 1 automotive supplier and Hercules Electric Mobility Inc. Expected milestones include a closed-loop demonstration under partial load this month, with further testing phases anticipated. Hillcrest is also working with five other automotive OEMs to enhance demonstration milestones. Their ZVS technology shows promise for grid-compatible applications, potentially creating multiple revenue streams.

Hillcrest Energy Technologies (OTCQB: HLRTF), a clean technology firm specializing in power conversion technologies, has announced an investor webinar set for February 14, 2023, hosted by Amvest Capital. The webinar will feature an operational overview, updates on technology and product development, and insights into strategic investor and public relations efforts. Key executives, including CEO Don Currie and Chief Technology Officer Ari Berger, will participate in the event starting at 4:05 pm EST. Investors can register for the webinar through the Amvest Capital website. For more details, visit Hillcrest's official site.

Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) has outlined significant advancements anticipated in 2023. The company expects to complete proof-of-concept testing for various inverter technologies, including grid-tied and multi-level inverters. Strong growth across sectors and increasing engagements with potential customers are noted. Hillcrest aims for commercial revenue commitments by year-end and has completed its first commercial prototype, laying a solid foundation for accelerated product development.

Hillcrest Energy Technologies (OTCQB: HLRTF) announced significant advancements in 2022, validating its Zero Voltage Switching (ZVS) inverter technology through two published white papers. Key milestones included the completion of an 800V 250kW EV traction inverter prototype, demonstrating over 99.4% efficiency and improved motor performance. The company secured co-development partnerships with Hercules Electric Mobility and a Tier 1 automotive supplier, anticipating further agreements in early 2023. Hillcrest also ceased oil and gas operations, focusing on sustainable energy solutions and committing to environmental, social, and governance (ESG) practices.