HILLCREST ENERGY TECH LTD - HLRTF STOCK NEWS

Hillcrest Energy Technologies (OTCQB: HLRTF) has advanced its technology from a 10-kilowatt proof of concept to a commercial prototype of an 800V, 250kW Zero Voltage Switching traction inverter in just one year. The inverter aims to enhance motor efficiency by up to 13%, reduce thermal management needs, and minimize EMI issues. This technology will be integrated into partner powertrains for real-world applications by Q2 2023, marking a significant milestone in Hillcrest's transition to commercialization.

Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) will participate in the Best of the Uncovered investor conference on December 8, 2022, in San Francisco, organized by Singular Research. The conference highlights emerging growth companies and features a presentation by Hillcrest at 12:15 PM PDT. The company recently had a successful European trip, showcasing its ZVS inverter technology and discussing potential partnerships with automotive manufacturers. Hillcrest focuses on clean technology solutions for future electrical systems.

Hillcrest Energy Technologies (OTCQB: HLRTF) has appointed Samuel Yik as its new Chief Financial Officer, effective November 22, 2022. Yik, a Chartered Professional Accountant, has over 25 years of public company experience and previously served as CFO for several companies. His extensive background in finance and management is expected to contribute significantly to Hillcrest's growth. Additionally, the company has granted incentive stock options and restricted stock units to employees, potentially improving employee retention and aligning interests with shareholders.

Hillcrest Energy Technologies (OTCQB: HLRTF) announced the retention of IMS Investor Relations on October 1, 2022. This collaboration aims to enhance capital markets consulting and investor outreach strategies. CEO Don Currie highlighted their adaptive power conversion technology that's gaining traction through recent partnerships, including a notable Tier 1 automotive supplier. IMS will support Hillcrest in refining messaging and facilitating connections with investors, as the global EV inverter market anticipates a 23% CAGR growth, emphasizing Hillcrest's innovative inverter technology with Zero Voltage Switching.

Hillcrest Energy Technologies (OTCQB: HLRTF) has announced a memorandum of understanding (MOU) with a global Tier 1 automotive supplier to develop a powertrain system utilizing Hillcrest's advanced inverter technology. The project will begin immediately and is set to run through 2023, aiming to commercialize a nominal 350kW product. Hillcrest's inverter is designed for improved efficiency, performance, and reliability, leveraging high switching frequencies. This partnership marks Hillcrest's second MOU announcement in October 2022, highlighting growing customer interest in its technology.

Hillcrest Energy Technologies (OTCQB: HLRTF) and Hercules Electric Mobility have announced a collaboration to develop an electric powertrain for various e-mobility applications. The project will utilize Hillcrest's advanced 250-kilowatt inverter and is expected to run from October 2022 through March 2023. This partnership aims to enhance speed to market through a modular design, integrating cutting-edge technologies. If successful, the companies plan to commercialize their findings, positioning them to meet the growing demand for customizable electric mobility solutions.

Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) has released a new white paper showcasing the advantages of its soft-switching inverter technology. This technology promises to enhance power density by reducing capacitor size to one-fifth or one-tenth of current systems. Key benefits include improved power quality, reduced costs, and increased system reliability. The company continues to validate its technology, which could disrupt power inverter designs in the automotive sector.

Hillcrest Energy Technologies (OTCQB: HLRTF) announced progress on its 250 kW 800V commercial prototype EV inverter, with commissioning on schedule. The technical team resolved high-frequency ringing issues, ensuring lower electromagnetic interference (EMI) for enhanced safety and performance. The company is in discussions with over a dozen potential customers, focusing on partnerships to leverage its unique technology. Additionally, Hillcrest granted stock options and restricted stock units to employees and directors, aligning incentives with long-term growth strategies.

Hillcrest Energy Technologies has achieved significant results with its new high-efficiency inverter, demonstrating a reduction in switching losses by over 90% compared to conventional hard-switched inverters. This milestone represents progress toward commercialization and signifies enhanced power density, lower costs, and improved performance for future electric vehicles (EVs). The company's traction inverter is undergoing further testing and aims for a final prototype delivery by Q4 2022.