Hillcrest Energy Technologies Ltd - HLRTF STOCK NEWS

Welcome to our dedicated news page for Hillcrest Energy Technologies (Ticker: HLRTF), a resource for investors and traders seeking the latest updates and insights on Hillcrest Energy Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hillcrest Energy Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hillcrest Energy Technologies's position in the market.

04/10/2024 08:30 AM

News

Hillcrest Engages with Powertech Labs for Grid Inverter Testing and Provides Additional Shareholder Updates

Rhea-AI Summary

Hillcrest Energy Technologies (HLRTF) partners with Powertech Labs to develop ZVS inverter technology for grid-connected applications. The collaboration aims to accelerate commercialization and certification of the innovative technology, setting new industry benchmarks for inverter efficiency and power quality. Hillcrest also closes the second drawdown of a $5 million equity facility, issuing shares and warrants to the investor. The company plans to utilize the proceeds for technology development, commercialization, and general working capital.

Rhea-AI Impact

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End-of-Day

-3.28%

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03/19/2024 08:30 AM

News

Hillcrest Achieves Major Milestone: In-Water Traction Inverter Demonstration with Hercules Electric Mobility

Rhea-AI Summary

Hillcrest Energy Technologies (HLRTF) successfully completes the first in-vehicle demonstration of its Zero Voltage Switching (ZVS) traction inverter in collaboration with Hercules Electric Mobility, showcasing increased efficiency, cost-effectiveness, and reliability. The partnership validates Hillcrest's innovative technology in real-world applications, positioning the company as a key player in power conversion technologies.

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End-of-Day

0.76%

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03/07/2024 08:30 AM

News

Hillcrest's ZVS Technology to Elevate Efficiency and Performance of Grid-Connected Power Applications

Rhea-AI Summary

Hillcrest Energy Technologies (HLRTF) introduces groundbreaking Zero Voltage Switching (ZVS) technology platform, revolutionizing power inverters. The ZVS technology offers exceptional efficiency of 99.6%, reducing switching losses and enabling higher switching frequencies. It enhances power production, storage capabilities, and reduces the levelized cost of energy (LCOE) in grid-tied applications. Hillcrest's ZVS technology is expected to lower system costs, improve power quality, and comply with grid operator requirements, setting a new industry benchmark for power inverters.

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Rhea-AI Sentiment

End-of-Day

6.71%

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03/04/2024 08:30 AM

News

Hillcrest Achieves Breakthrough in EMC Chamber Testing with European Automotive OEM

Rhea-AI Summary

Hillcrest Energy Technologies successfully completes EMC chamber testing with a European automotive OEM, showcasing the superior EMC capabilities of their Zero Voltage Switching (ZVS) traction inverter. The technology could lead to significant cost savings and efficiency improvements in various electrical systems beyond EVs. Additionally, an amendment to the equity facility agreement has been made, replacing annualized interest with a drawdown fee payable in common shares.

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Rhea-AI Sentiment

End-of-Day

0.3%

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02/27/2024 08:30 AM

News

Dan Mathieson Joins Hillcrest as Strategic Advisor

Rhea-AI Summary

Hillcrest Energy Technologies appoints Dan Mathieson as a strategic advisor to drive business expansion domestically and internationally. Mathieson's experience in automotive technology and innovation positions him to propel Hillcrest's growth and technological advancement.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-8.08%

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02/01/2024 08:30 AM

News

Hillcrest Unveils New Revenue Opportunity with ZVS-Enabled Power Modules for High-Efficiency Inverters

Rhea-AI Summary

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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Rhea-AI Sentiment

End-of-Day

-6.4%

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01/30/2024 08:30 AM

News

Hillcrest Powers Ahead in 2024

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

5.71%

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01/17/2024 08:30 AM

News

Hillcrest Secures $5M Equity Facility

Rhea-AI Summary

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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Rhea-AI Sentiment

End-of-Day

4.49%

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12/05/2023 08:30 AM

News

Hillcrest Announces Appointment of Daryn Gordon as CFO and Provides Additional Shareholder Updates

Rhea-AI Summary

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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Rhea-AI Sentiment

End-of-Day

2.05%

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12/04/2023 08:30 AM

News

Hillcrest Begins Testing Grid-Tied Inverter

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

5.51%

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