Global Tier 1 Automotive Supplier Engages Hillcrest in ZVS Technology Evaluation
Rhea-AI Summary
Hillcrest Energy Technologies (HLRTF) has initiated a technology evaluation project with a leading global Tier 1 automotive supplier, ranked among the top 15 by revenue. The project will assess Hillcrest's Zero Voltage Switching (ZVS) technology for potential integration into the supplier's next-generation EV inverter applications.
The initial phase focuses on evaluating the ZVS technology's benefits within the supplier's inverter architecture. If successful and mutually agreed upon, subsequent phases would involve integration and validation of the technology into the supplier's inverter platform. The ZVS technology aims to eliminate switching losses and enhance electromagnetic compatibility (EMC) performance.
This collaboration represents a significant opportunity for Hillcrest to validate its technology in real-world automotive applications and potentially accelerate its path to commercialization.
Positive
- Partnership with top 15 global Tier 1 automotive supplier expands market reach
- Potential integration into next-generation EV inverter applications
- Technology validation opportunity with major industry player
Negative
- No guaranteed progression to integration phase
- Success dependent on evaluation results
- Timeline for potential commercialization not specified
News Market Reaction – HLRTF
On the day this news was published, HLRTF declined 15.00%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is pleased to announce the commencement of a technology evaluation project with a global Tier 1 automotive supplier. The initial phase will focus on assessing the potential benefits of Hillcrest's innovative Zero Voltage Switching (ZVS) technology in the supplier's next-generation inverter applications for electric vehicles (EVs). Upon successful completion of this phase and subject to mutual agreement to proceed, further phases would involve integration and validation of Hillcrest's ZVS technology into the supplier's inverter platform.
Tier 1 automotive suppliers are companies that supply fully assembled components and/or systems to automotive manufacturers. This Tier 1 supplier, consistently ranked among the top 15 largest by revenue, is a global leader in the automotive industry. Specializing in critical components such as inverters, they serve major automotive manufacturers worldwide and play a key role in advancing EV technology. This project provides the platform for Hillcrest to showcase the potential of its Zero Voltage Switching (ZVS) technology, with the shared goal of enhancing the supplier's inverter offerings and delivering significant value to their automotive customers.
"We are excited to take this important step with one of the world's foremost Tier 1 automotive suppliers," said Don Currie, CEO of Hillcrest Energy Technologies. "This project marks a pivotal moment for Hillcrest to validate our ZVS technology in a real-world automotive application and accelerate our path to commercialization. Our ultimate goal is to demonstrate the performance benefits and scalability of our technology, which, if achieved, may increase future opportunities for our technology with other suppliers in the automotive industry."
This phase will involve a series of technical assessments conducted in collaboration with the Tier 1 supplier. Hillcrest's ZVS technology is designed to eliminate switching losses and provide significantly improved electromagnetic compatibility (EMC) performance. During this phase, the supplier will analyze the potential efficiency, and performance of Hillcrest's technology within their inverter architecture. The results of this evaluation will inform potential next steps.
About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean technology company focused on developing high-performance power conversion technologies and advanced control systems for electric vehicles, grid-connected renewable energy systems, and other power applications. The company's proprietary Zero Voltage Switching (ZVS) technology is designed to enhance efficiency, performance, and reliability while reducing system costs. Hillcrest is committed to delivering transformative energy solutions that optimize power conversion in next-generation electrification applications.
For more information, please visit www.hillcrestenergy.tech.
CONTACT INFORMATION
Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006
Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481
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Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2023, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246710
FAQ
What is the significance of Hillcrest's (HLRTF) partnership with the Tier 1 automotive supplier?
What are the main benefits of Hillcrest's (HLRTF) ZVS technology for EV applications?
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What are the next steps if HLRTF's initial evaluation phase is successful?
