Welcome to our dedicated page for Hillcrest Energy Tech news (Ticker: HLRTF), a resource for investors and traders seeking the latest updates and insights on Hillcrest Energy Tech stock.
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 (CSE: HEAT) (OTCQB: HLRTF) is engaging with investors and customers across Europe and North America. CEO Don Currie is conducting an investor roadshow in Sweden with the Scandinavian Alliance and meeting key automotive and industrial players in Germany. COO Jamie Hogue will present at the Winter 2024 Investor Summit Virtual Microcap Forum.
The company is showcasing its Zero Voltage Switching (ZVS) inverter technology, which achieves 99.7% efficiency, eliminates switching losses, reduces electromagnetic interference, and offers cost savings for automotive and energy applications.
Hillcrest Energy Technologies, a clean technology company focused on power conversion technologies, announces its participation in the upcoming Virtual Investor Summit Microcap Event on November 21st. The company, trading under symbols CSE:HEAT, OTCQB:HLRTF, and FRA:7HI, will deliver a presentation from 10:00 AM to 10:30 AM ET and offer one-on-one meeting opportunities throughout the day.
The event showcases 40 micro-cap companies with catalysts and strong market performance. Qualified investors can attend the event complimentary, which features live Q&A sessions and in-depth discussions with leading microcap investors.
Hillcrest Energy Technologies announces that its Zero-Voltage Switching (ZVS) traction inverter prototype demonstrates superior cost efficiency for EV manufacturers. The prototype achieves a die area per kW of 3 mm², surpassing IDTechEx's projected 2035 industry benchmark of 4 mm²/kW. The 350 kVA Silicon Carbide inverter, featuring proprietary ZVS technology, reduces electromagnetic interference and eliminates switching losses, enabling simpler cooling and lower-cost shielding. This innovation optimizes semiconductor usage, reducing material costs while improving performance and extending EV system lifespan.
Hillcrest Energy Technologies announces the launch of its FPGA-based control system for Zero Voltage Switching (ZVS) inverters by year-end. The new system complements their existing microcontroller option and responds to customer demand. The FPGA-based control system features enhanced efficiency through elimination of switching losses, real-time adaptive control, improved reliability through optimized switching timing, and versatile application potential across renewable energy, electric vehicles, and industrial power supplies.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is advancing towards commercial agreements with top automakers and suppliers, driven by growing interest in its Zero Voltage Switching (ZVS) technology. The company is progressing joint development discussions and expects to complete advanced demonstrations with several new customers, including three of the world's top ten automakers, by year-end.
Hillcrest's ZVS traction inverter and power factor correction (PFC) prototype offer enhanced efficiency, elimination of switching losses, and superior electromagnetic compatibility. The company is expanding its European demonstration efforts, collaborating with Systematec GmbH in Germany. Hillcrest is also partnering in the Ocean Batteries project, with the first 300kVA | 800V ZVS inverter prototype expected in early 2025 for marine shore power applications.
The company's ZVS technology has diverse applications in electric vehicles, industrial power conversion, and renewable energy sectors, positioning Hillcrest to capture a share of the expanding clean energy and electrification markets.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) CEO Don Currie was featured on the MarketGems Podcast to discuss recent and upcoming catalysts for the company. The interview focused on two key areas:
1. Commercialization of ZVS technology: Currie provided insights into the company's Zero Voltage Switching (ZVS) technology and its potential market impact.
2. Joint development agreement with Ocean Batteries SA: The CEO elaborated on the collaboration with Ocean Batteries and its significance for Hillcrest's growth strategy.
The full video and audio interviews are available for investors and interested parties to gain more detailed information about Hillcrest's recent developments and future prospects in the clean energy technology sector.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) has announced the closure of its latest drawdown from a previously announced $5 million equity drawdown facility. On August 26, 2024, the company received $540,000 from a third-party investor. In exchange, Hillcrest issued 2,076,923 units at $0.26 per unit, each comprising one common share and half a share purchase warrant. Additionally, 249,230 shares were issued as a drawdown fee. The company plans to use the proceeds for technology and product development, commercialization, and working capital. To date, Hillcrest has received a total of $1,465,673 from the facility, issuing 6,915,493 shares and 3,225,336 warrants.
Hillcrest Energy Technologies (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI), a clean technology company specializing in power conversion technologies, is set to present at the Virtual Investor Summit Microcap Event on August 20th, 2024. The event, focused on 50 micro-cap companies with catalysts or strong market performance, offers investors an opportunity to engage with Hillcrest through:
- A presentation at 1:00 pm ET
- 1-on-1 meetings throughout the day
- Live Q&A sessions
The summit provides a platform for qualified investors to explore potential opportunities in the microcap sector, with Hillcrest showcasing its innovations in next-generation powertrains and grid-connected renewable energy systems.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) has submitted a drawdown notice for $540,000 from its $5 million equity drawdown facility. The company will issue units consisting of one common share and half a warrant at a price based on market conditions. Warrants will be exercisable for three years at 125% of the issue price or the CSE minimum. A 12% drawdown fee is payable in shares or deducted from the advance. The drawdown is expected to close around August 2, 2024, subject to conditions. Proceeds will fund technology development, commercialization, investor relations, and working capital. Securities issued will have a four-month hold period.
Hillcrest Energy Technologies has launched a testing and demonstration program for its new Zero Voltage Switching (ZVS) technology application aimed at power factor correction (PFC). The prototype showcases the efficiency and cost-saving potential of their ZVS technology in improving PFC, with current discussions underway with five clients. The ZVS technology promises efficiency exceeding 99% and significant reductions in electromagnetic interference and filter size, enhancing power quality and grid stability. This advancement could lead to substantial operating and capital cost savings, particularly for grid-connected electrical equipment and various industrial applications.