Hillcrest Energy Technologies Appoints Otmar Bitsche as Vice President of European Business Development
Rhea-AI Summary
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.
Positive
- Appointment of Otmar Bitsche as VP European business development
- ZVS traction inverter achieved 99.7% peak efficiency
- ZVS >99% efficiency across 90% of operating range
- Advanced commercial discussions with several global entities
- Established European Automotive Center of Excellence in Germany
Negative
- No announced production contracts or binding commercial agreements
- Commercialization described as "advanced discussions" rather than finalized deals
News Market Reaction – HLRTF
On the day this news was published, HLRTF gained 5.56%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company") is pleased to announce the appointment of Otmar Bitsche as Vice President of European Business Development. Mr. Bitsche most recently served as Director of E-Mobility at Porsche AG, where he built the company's e-mobility organization from the ground up and led it from 2012 until his retirement in December 2025. His experience across electric vehicles, high-voltage powertrains, battery systems, EV fast charging, and energy storage directly supports Hillcrest's commercialization efforts across each of these sectors.
Mr. Bitsche's 30+ year career spans the full evolution of the EV industry. He began in power electronics before leading electric vehicle programs at Steyr-Daimler-Puch (now Magna Fahrzeugtechnik) and Temic (Smart EV). At DaimlerChrysler, he rose to senior management overseeing battery systems, electrical powertrains, and storage systems, leading series development of the S-Class hybrid drive. At Porsche, he was instrumental in the Mission E project that became the Taycan, developed the industry's first 800-volt vehicle architecture and charging infrastructure, and oversaw vehicles including the 918 Spyder and the high-power battery system for the 911 GTS t-hybrid. He maintains an extensive network across European automotive OEMs, Tier One suppliers, battery companies, and energy companies.
"Otmar built Porsche's e-mobility organization and architected its 800-volt platform — he knows what it takes to bring advanced technology from concept to series production," said Don Currie, CEO of Hillcrest. "His relationships across the European automotive and energy sectors, combined with hands-on experience in EV charging and energy storage, make him the right person to drive our ZVS technology into production platforms across multiple markets."
"Hillcrest's ZVS technology addresses a real and growing need across the electrification value chain — the ability to achieve higher power conversion efficiency while reducing system-level costs," said Otmar Bitsche. "Having spent my career pushing the boundaries of what's possible in electric vehicles, fast charging, and energy storage, I recognize the transformative potential of this technology across multiple applications. I look forward to working with European OEMs, Tier One suppliers, and energy infrastructure partners to bring ZVS into production platforms where it can deliver measurable advantages in efficiency, performance, and cost."
Strengthening Hillcrest's European Team
Hillcrest's ZVS traction inverter has achieved
Mr. Bitsche joins a strong European team that Hillcrest has built over the past four + years. Harald Hengstenberger, Managing Director and Owner of Systematec GmbH, has partnered with Hillcrest since the early stages of ZVS technology development, and his firm now operates as Hillcrest's Automotive Center of Excellence in Germany, leading prototype development and customer validation of ZVS inverter technology across Europe. Dr. Heinz-Georg Burghoff, Hillcrest's Commercialization Consultant, brings over 20 years of DaimlerChrysler AG experience in electric/electronic development and battery technology strategy. Together, Mr. Hengstenberger, Dr. Burghoff, and Mr. Bitsche form a dedicated European commercial team with deep, complementary expertise across power electronics engineering, automotive product strategy, and business development — positioned to drive Hillcrest's ZVS technology into production across the automotive and broader electrification sectors.
About Hillcrest Energy Technologies Ltd.
Hillcrest Energy Technologies is an energy technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" and on the Frankfurt Exchange as "7HI". For more information, please visit: https://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
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING INFORMATION
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, 2024, 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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FAQ
Who is Otmar Bitsche and what role will he have at Hillcrest (HLRTF)?
What efficiency did Hillcrest report for its ZVS traction inverter in OEM testing?
How does Otmar Bitsche's background at Porsche support Hillcrest's strategy (HLRTF)?
Has Hillcrest announced any production contracts for ZVS technology (HLRTF)?
What European team resources does Hillcrest have to commercialize ZVS (HLRTF)?
What commercial sectors will Otmar Bitsche target for Hillcrest's ZVS technology (HLRTF)?
