Hillcrest Energy Technologies develops advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected energy systems. The Canadian clean technology company is commercializing its proprietary Zero Voltage Switching, or ZVS, platform across applications that include AI data center power infrastructure, microgrids, electric vehicle powertrains, and grid-connected renewable energy systems.
Company news commonly covers ZVS product engineering, PCS1000 power conversion system development, customer and partner demonstration activity, commercialization structures such as CleanPath Distribution, and participation in power electronics markets. Updates also include capital actions, shares-for-debt transactions, exchange trading references for HEAT, HLRTF, and 7HI, and changes to Canadian venture issuer reporting practices.
Hillcrest Energy Technologies (OTCQB:HLRTF) announced on May 5, 2026 that it elected to adopt semi-annual reporting (SAR) under Coordinated Blanket Order 51-933 for eligible venture issuers.
The company will be exempt from filing interim financial reports and MD&A for Q1 (Mar 31, 2026) and Q3 (Sep 30, 2026). Hillcrest will continue to file audited annual financial statements within 120 days of Dec 31 and six-month interim financial reports within 60 days of Jun 30. Hillcrest says it meets eligibility criteria including annual revenues under $10 million and a clean 12-month continuous disclosure record.
Hillcrest Energy Technologies (OTCQB:HLRTF) finalized the A-Sample design of the ZVS PCS1000, a purpose-built 250 kW, 800V DC sidecar rectifier in a 19" 4RU form factor. The design targets >99% peak conversion efficiency, N+1 redundancy, hot-swap capability, and scalability from 200 kW to 1.2 MW via parallel units. Prototype demonstrations are scheduled to begin in June 2026 in Vancouver and at a partner facility in Germany. The unit includes grid fault ride-through (FRT) and is aligned with OCP 800V sidecar specifications.
Hillcrest Energy Technologies (OTC:HLRTF) closed a Shares for Debt Offering on April 6, 2026, issuing 2,912,731 Units at $0.18 per Unit to settle $524,299.17 of previously accrued debt.
Each Unit includes one common share and one warrant exercisable at $0.20 for 12 months. $116,899.17 of the debt settled related to fees owed to four directors; the company relied on MI 61-101 exemptions. All securities carry a statutory four-month-and-one-day hold and are not registered in the United States.
Hillcrest Energy Technologies (HLRTF) updated its Shares for Debt Offering, increasing the offering size from $500,000 to $550,000 at $0.18 per Unit. Each Unit includes one common share and one warrant exercisable at $0.20 for 12 months. Up to $140,000 may settle director fees. Securities carry a statutory hold period of four months and one day and are not registered for U.S. resale.
Hillcrest (OTC:HLRTF) will attend APEC 2026 March 22-26 in San Antonio; VP Engineering Dr. Emanuel Serban will present on March 25 about bidirectional converters for microgrids.
The company also announced a Shares for Debt Offering of Units at $0.18 per Unit for up to $500,000; each Unit includes one share and one warrant exercisable at $0.20 for 12 months. Securities carry a statutory hold period of four months and one day and are not registered for sale in the United States.
Hillcrest Energy Technologies (OTCQB:HLRTF) released an investor interview (March 19, 2026) with CEO Don Currie detailing the firm's proprietary Zero Voltage Switching (ZVS) platform and commercialization progress. The company described ZVS advantages for EVs, data centers, and renewables, and outlined demonstrations for the PCS1000 200 kW, 1000V inverter targeting >99% peak conversion efficiency and on schedule for June 2026.
The discussion covered validation work with automotive OEMs and Tier 1 suppliers, compatibility with 800V DC data center architectures, and near-term customer/partner demonstrations.
Hillcrest Energy Technologies (OTCQB:HLRTF) confirmed its ZVS PCS1000 200 kW, 1000V inverter prototype remains on track for customer and partner demonstrations in June 2026 at facilities in Vancouver and Germany.
The PCS1000 targets >99% peak conversion efficiency, lower EMI, compact passives, modular scaling to 1.2 MW, OCP 800V data center alignment, and design compatibility with UL1741 grid‑interconnect requirements. The demonstration program has generated interest and active discussions with prospective customers across data center, energy storage and grid applications.
Hillcrest Energy Technologies (OTCQB: HLRTF) operationalized CleanPath Distribution Inc in March 2026, an Indigenous-led Canadian corporation with Pasqua First Nation #79 holding 51% and Apeiron and Hillcrest each holding 24.5%. CleanPath will pursue government and other funding to commercialize Hillcrest's ZVS power conversion technology in Canada.
Hillcrest retains full ownership of ZVS intellectual property and leads technology development, manufacturing execution, and product certification. Two prototypes are in development targeting customer demonstration in Q2 2026.
Hillcrest Energy Technologies (OTCQB: HLRTF, CSE: HEAT) engaged Empire Market Ventures as an investor relations consultant and agreed to pay $100,000 USD for services from March 2, 2026 through June 2, 2026. CEO Don Currie will present live at the Clean Energy & Renewables Virtual Investor Conference on March 5, 2026. The company also granted 790,000 restricted share units (RSUs) to consultants that vest on performance and are subject to a four-month hold under exchange policy.
Hillcrest Energy Technologies (OTCQB: HLRTF) appointed Otmar Bitsche as Vice President of European Business Development effective February 19, 2026. Bitsche retired from Porsche in December 2025 after leading e-mobility since 2012 and brings 30+ years in EV powertrains, battery systems, and fast charging.
Hillcrest reports its ZVS traction inverter reached 99.7% peak efficiency and >99% efficiency across 90% of the operating range in OEM testing, and says 2025 validation testing produced advanced commercial discussions with multiple global entities.