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) signed a non-binding LOI with Equipmake to jointly integrate Hillcrest’s proprietary Zero Voltage Switching (ZVS) inverter into a defined Equipmake electric powertrain line.
The milestone-gated program may run up to 24 months and follows independent tests showing 99.7% peak inverter efficiency and system-level efficiency gains up to 6%. Hillcrest will retain ZVS IP, while Equipmake is expected to receive preferred licensing terms on commercialization. Hillcrest also granted 117,647 RSUs to a consultant, vesting immediately and expiring in three years.
Hillcrest Energy Technologies (OTCQB:HLRTF) engaged Market One Media Group for a 12‑month media campaign running from July 1, 2026 to June 30, 2027, for $100,000 plus taxes. Hillcrest also granted 5,278,601 RSUs and 6,605,175 stock options with a $0.17 exercise price and staged vesting through 2029.
Hillcrest Energy Technologies (OTCQB:HLRTF) announced a signed Letter of Intent from Lenze SE, a major European industrial drive and automation manufacturer, dated June 22, 2026.
The LOI supports continued evaluation of Hillcrest's proprietary Zero Voltage Switching (ZVS) technology for potential integration into Lenze's high-power inverter product lines and to assess commercial viability and possible partnership terms.
Hillcrest Energy Technologies (OTCQB:HLRTF) closed a non-brokered private placement of 7,968,319 units at $0.15 per unit, raising $1,195,247.85 gross proceeds.
Each unit includes one share and a two-year warrant at $0.20. Proceeds are earmarked for payables, advisors, and working capital.
Hillcrest Energy Technologies (OTCQB:HLRTF) announced a non-brokered private placement of up to 8,000,000 units at $0.15 per unit, for gross proceeds of up to $1.2 million. Each unit includes one common share and one warrant exercisable at $0.20 for 24 months.
Proceeds are intended for accounts payable reduction, advisor and consultant fees, and working capital. The financing may close in tranches, has no minimum proceeds, carries a four-month-plus-one-day hold period, and remains subject to regulatory and exchange approvals.
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.