Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) Works Towards Potential Breakthrough Solution for Electric Vehicle and Clean Energy Industries

• Power electronics, especially those found in the traction inverters used in EVs, are key to achieving better range, safety, and lifetime; still, improving inverter efficiency has been relatively slow
• Hillcrest stepped up to the challenge of developing a high-efficiency inverter — a new class of clean technology designed to help today’s electric power systems overcome their common limitations
• Hillcrest’s unique inverter architecture can be deployed across different applications, providing opportunities for diversification and de-risking of the company’s revenue streams

Although the popularity of electric vehicles continues to grow amid the ongoing push for energy transition, their design challenges, such as range increase and cost reduction, remain. With aspirations to become an early leader in the electrification of North America and beyond, Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) strives to make an impact where it matters most by offering bold solutions to these key industry challenges. The company develops clean energy technologies intended to unlock electrification efficiencies and enhance the performance of electric systems across various applications, including electric vehicles, and grid-connected renewable energy generation, energy storage and EV charging.

While EV technologies have transformed during the past decades, several challenges still impede further proliferation and commercial success. Innovation in this space often means a delicate balancing act between conflicting goals such as range, performance, and cost — which are typically bound by the limitations of power devices.

Power electronics, a focus of innovation in electric powertrains, control and convert power and are central to three critical devices: the onboard charger, the traction inverter, and a DC-DC (direct current) converter. Of these three components, the most critical is the traction inverter, which operates at the highest available power and facilitates traction, so any efficiency gains here can increase vehicle range without changing the battery capacity (https://ibn.fm/fSrUD). But although inverters have been around for years, this critical technology has been slower to improve in terms of efficiency.

That’s where Hillcrest steps in. Possibly the first company to successfully develop a new class of inverter technology that deploys Zero Voltage Switching (“ZVS”) capabilities. Compared to hard switching, ZVS — also called soft switching — can reduce stress caused during switching and lower switching losses.

What differentiates Hillcrest inverter technology is efficiency that surpasses 99%; a design that enables smaller, lighter, and more powerful system capabilities; as well as systems that offer enhanced reliability and performance at lower costs. In addition, Hillcrest’s inverter technology eliminates inverter losses and reduces the thermal management needed across the entire powertrain system (https://ibn.fm/AGaT8). By benefiting from higher operating frequencies at higher voltage, Hillcrest’s solution could overcome historic technology trade-offs and offer improved efficiency, thermal control, and system reliability.

This flexible inverter architecture can be deployed across various applications, providing an opportunity for value creation through co-development and collaboration efforts with EV manufacturers and beyond, potentially allowing the company to diversify and de-risk its revenue sources across different sectors and grid-connected energy systems (https://ibn.fm/Jpg9H). With a potential customer base that includes a number of automotive OEMs and tier 1 suppliers and an impeccable reputation across the EU auto, electrical and electronics network, Hillcrest remains focused on balancing short-term revenue maximization with long-term business disruption risk. Leveraging a business model centered around a blend of distinctive, application-specific hardware and software solutions, the company is confident that its new inverter technology will lead to meaningful revenue opportunities in the near future (https://ibn.fm/hfUbS).

For more information, visit the company’s website at www.HillcrestEnergy.tech.

NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF

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