Hillcrest (CSE: HEAT) (OTCQB: HLRTF), a clean technology company developing transformative power conversion technologies and control system solutions for next-generation electrical systems, today provided an update on current activities. Among the highlights, the company reported acceleration of the demonstration of Hillcrest’s 250-kilowatt (“kW”), 800-volt (“V”) silicon carbide (“SiC”) traction inverter prototype, a joint development project with a global tier 1 automotive supplier, a memorandum of understanding with Hercules Electric Mobility Inc., and the company’s close work with other automotive OEMs and tier 1 suppliers on the delivery of key demonstration milestones in the coming months. “We are making meaningful progress and moving quickly through the typical application-specific development cycle, increasing customer intimacy and customer commitment as we get closer to commercial deals,” said Hillcrest Chief Commercialization Officer James Bolen. “We are acting intentionally to align key steps in the demonstration process to satisfy the needs of multiple customers at once. This deliberate planning creates synergies that allow us to deliver well above our weight.”
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About Hillcrest Energy Technologies Ltd.
Hillcrest is a clean technology company developing high-value, high-performance 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 and on the OTCQB Venture Market as HLRTF. For more information, please visit www.HillcrestEnergy.tech.
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