Hillcrest Energy Technologies Selects Dr. Emanuel Serban to Advance Grid Solutions at Vancouver Center of Excellence

Rhea-AI Summary

Hillcrest Energy Technologies (HLRTF) has announced the appointment of Dr. Emanuel Serban to lead their engineering team at the Vancouver Center of Excellence. Dr. Serban, with over 20 years of experience in power electronics and renewable energy, will focus on advancing power conversion technologies for grid applications.

Dr. Serban's extensive background includes leadership roles at Xantrex, Schneider Electric, and EnerSys, along with academic positions at the University of British Columbia and British Columbia Institute of Technology. His expertise will be directed towards developing solutions for renewable energy integration, energy storage, and data centers.

The appointment aligns with Hillcrest's strategy to enhance their power conversion solutions and accelerate commercialization efforts in the global energy market.

Positive

• Strategic hire of highly experienced power electronics expert with proven commercialization track record
• Establishment of Vancouver Center of Excellence for grid solutions development
• Enhanced focus on high-growth markets: renewable energy, energy storage, and data centers

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a leader in advanced power conversion technologies, is pleased to announce that Emanuel Serban, Ph.D., PEng, has joined the Company's engineering team.

Dr. Serban brings over two decades of experience in power electronics, renewable energy, and grid-connected systems, with a proven track record of taking innovative technologies from concept to commercial deployment. His leadership spans both industry and academia, having successfully led teams in the research, development, and commercialization of advanced power conversion solutions at Xantrex, Schneider Electric, and EnerSys, while also serving as an adjunct professor at the University of British Columbia and an instructor at the British Columbia Institute of Technology.

As part of his role at Hillcrest, Dr. Serban will lead the engineering team at the Vancouver Center of Excellence, focused on advancing power conversion technologies for grid applications, such as renewable energy integration, energy storage, and data centers. His leadership will be instrumental in accelerating the commercialization of Hillcrest's advanced power conversion solutions and fostering collaboration across teams to enhance product performance and market readiness.

"The Vancouver Center of Excellence represents a significant step forward in our mission to innovate and deliver solutions that meet the evolving needs of the global energy market," said Don Currie, CEO of Hillcrest Energy Technologies. "By centralizing expertise in grid applications and bringing in seasoned engineering talent like Emanuel, we will drive further advancements in our power conversion solutions for renewable energy, energy storage, and data center applications."

Dr. Serban has been at the forefront of sustainable energy solutions, with extensive experience managing multidisciplinary teams, leading technology development programs, and driving the commercialization of high-efficiency power conversion technologies. He holds multiple patents in power conversion and has contributed extensively to IEEE journals and conferences.

"I am excited to join Hillcrest at such a pivotal time in its evolution," said Dr. Serban. "Hillcrest's innovations in power conversion technology have the potential to redefine efficiency and performance in electrification. I look forward to applying my experience in bringing advanced technologies to market and driving their successful adoption."

Dr. Serban's addition to the Hillcrest team reinforces the Company's commitment to technological excellence and innovation as it continues to develop and deploy high-value solutions tailored to customer needs in the rapidly evolving energy landscape.

ABOUT HILLCREST ENERGY TECHNOLOGIES

Hillcrest Energy Technologies specializes in innovating and commercializing advanced power conversion technologies for electric vehicles and grid-connected renewable energy systems. The Company is dedicated to developing high-efficiency solutions that reduce energy waste, enhance performance, and drive the next generation of electrification.

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, 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.

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/248207

FAQ

What is Dr. Emanuel Serban's role at Hillcrest Energy Technologies (HLRTF)?

Dr. Serban will lead the engineering team at the Vancouver Center of Excellence, focusing on advancing power conversion technologies for grid applications, including renewable energy integration, energy storage, and data centers.

What experience does Dr. Serban bring to HLRTF?

He brings over 20 years of experience in power electronics and renewable energy, with leadership roles at Xantrex, Schneider Electric, and EnerSys, plus academic positions at UBC and BCIT.

What is the focus of HLRTF's Vancouver Center of Excellence?

The center focuses on developing and advancing power conversion technologies for grid applications, renewable energy integration, energy storage, and data centers.

How will Dr. Serban's appointment impact HLRTF's business development?

His leadership aims to accelerate the commercialization of Hillcrest's power conversion solutions and enhance product performance and market readiness.