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 (HLRTF) will present at Market Bridge Live in London on November 4, 2026, with CEO Don Currie speaking.
The event, hosted by Vox Markets in partnership with the Canadian Securities Exchange, takes place at Saddlers' Hall. Currie will update investors on Hillcrest's work with Equipmake. The companies are negotiating a definitive agreement that would cover joint development and commercial licensing of Hillcrest's zero voltage switching inverter technology. He will also review commercial progress across AI datacentres, energy storage and industrial drives.
Hillcrest Energy Technologies (HLRTF) will send two executives to the OCP Global Summit in San Jose from October 12 to 15, 2026. Chief Operating Officer Jamie Hogue and Vice President of Engineering Dr. Emanuel Serban will meet industry participants to support future commercial and technical discussions for the PCS1000 platform.
The attendance follows Hillcrest's July 2026 technical paper comparing conventional two-stage power conversion with its single-stage Zero Voltage Switching technology. The paper reports modeled efficiency of approximately 99%, up to 99.2%, versus approximately 98% for the conventional design. The PCS1000 module uses the single-stage architecture and remains at the prototype stage.
Hillcrest Energy Technologies (HLRTF) has expanded negotiations with Equipmake to include commercial licensing of its Zero Voltage Switching inverter technology.
The proposed definitive agreement would combine joint development with licensing terms for the resulting product. The July 9, 2026 non-binding letter of intent initially covered integrating Hillcrest's technology into a defined Equipmake powertrain product line, with licensing to be negotiated later.
Hillcrest expects completion in October 2026, modestly beyond the original target of 90 days from the letter of intent, reflecting the expanded scope. Terms remain under negotiation and have not been finalized. Commercialization would follow successful development. Hillcrest plans to announce material terms if and when the agreement is executed.
Hillcrest Energy Technologies (HLRTF) will have CEO Don Currie present at the Cantech Investment Conference in Toronto on October 8, 2026.
The presentation starts at 4:30 p.m. ET, Track 3, at the Arcadian Loft, with 20 minutes of remarks followed by five minutes of questions. Currie will review the company's zero-voltage-switching power conversion technology and recent agreements involving industrial drives, electric-vehicle powertrains and energy storage for AI data centers. He will also be available for investor and analyst meetings.
On the same day, engineering vice president Emanuel Serban will present a peer-reviewed paper on the technology at IEEE ECCE 2026 in Vancouver.
Hillcrest Energy Technologies (HLRTF) reported peer-reviewed tests showing its ZVS inverter cut motor-terminal voltage overshoot by more than 90%.
With an 80-kW motor, a 2-meter shielded cable, 400 V DC and 20 kHz switching, peak motor-terminal voltage fell from 1.5 to 1.04 times DC-link voltage against a conventional hard-switched silicon carbide inverter. In a separate test at 470 V DC and 40 kHz, voltage slew rate fell from approximately 16 to approximately 1.4 V/ns, while emissions above 5 MHz were approximately 25 dB lower. With a 50-meter cable at 470 V DC, peak load voltage was approximately 920 V in a double-pulse test, below twice DC-link voltage.
The paper was accepted for IEEE ECCE 2026. Motor-overvoltage findings apply to cable-fed drives. Hillcrest says the emissions and slew-rate findings do not depend on cable length. For the configuration analyzed, ZVS extended the critical cable length to approximately 18 meters.
Hillcrest Energy Technologies (HLRTF) closed a previously announced debt settlement with certain arm's length creditors. The company issued 783,870 units at a deemed price of $0.18 per unit to settle an aggregate of $141,096.64 in outstanding debt.
Each unit consists of one common share and one warrant. Each warrant allows the holder to buy one additional share at $0.20 for 24 months from issuance. All securities issued under the debt settlement are subject to a statutory hold period of four months and one day under Canadian securities laws, and are not registered under the U.S. Securities Act of 1933.
Hillcrest Energy Technologies (OTCQB: HLRTF) announced a non-binding agreement in principle with the AI Hub of Innovation (AHI), a project of Agritech Haven Limited Partnership, dated July 20, 2026. The arrangement targets deployment of Hillcrest’s ZVS PCS1000 in an operational BESS pilot at AHI’s Alberta AI campus and opens access to AHI’s datacenter tenant and partner network for evaluation of the PCS1000 as an 800V DC sidecar power conversion module.
AHI will provide pilot facilities and facilitate introductions, subject to a definitive joint development agreement and funding. CleanPath Distribution, Hillcrest’s Indigenous-led commercialization channel majority-owned by Pasqua First Nation #79, is a named party, aligning potential PCS1000 commercialization with Canadian and Indigenous economic participation. The PCS1000 remains at the A-Sample prototype stage with design targets above 99% conversion efficiency and no commercial validation yet.
Hillcrest Energy Technologies (OTCQB:HLRTF, CSE:HEAT, FRA:7HI) plans to enter debt settlement agreements with arm's length creditors, issuing 611,111 units at $0.18 per unit to settle an aggregate of $110,000 in debt. Each unit comprises one common share and one warrant exercisable at $0.20 for 24 months.
All securities issued will be subject to a four‑month‑and‑one‑day hold period under Canadian law and are not registered under the U.S. Securities Act. Hillcrest also granted a consultant 1,000,000 stock options, vesting immediately, exercisable at $0.18 per share until July 20, 2030.
Hillcrest (OTCQB:HLRTF) released a company-authored technical paper, “Simplified 800V Power Supply Architecture for 99%+ Efficient Data Centers,” comparing a conventional two-stage 800V data center power architecture with a single-stage design using Hillcrest’s proprietary zero-voltage-switching (ZVS) technology.
The modeled single-stage ZVS architecture achieves about 99% AC-DC efficiency (up to 99.2%), versus 98% for the two-stage design, while preserving two galvanic isolation barriers and adding dedicated fault-management functions. Fewer conversion stages reduce component count and cooling requirements. Hillcrest’s prototype ZVS PCS1000 power supply is built on this single-stage architecture, operates at 48kHz without switching-loss penalties, and is designed for modular, N+1 redundant 800V AI data center sidecar racks. Hillcrest also retained Outside the Box Capital to provide investor marketing and distribution services between July 20 and September 30, 2026, for cash consideration of $50,000.
Hillcrest Energy Technologies (OTCQB:HLRTF) announced several governance and leadership changes following its July 13, 2026 AGM. Michael Moskowitz, previously an independent director, has been appointed Chair of the Board, while former Chair David Farrell transitions into a strategic advisory role.
The company added Raylene Whitford as Independent Director and Chair of the Audit Committee and appointed Matthew Todd Peigan as an Advisor, strengthening expertise in capital markets, financial oversight, and Indigenous governance tied to the CleanPath Distribution partnership. Hillcrest also granted 1,583,331 RSUs to directors and consultants, vesting in four tranches between October 1, 2026 and July 1, 2027, with a three-year expiry from grant.