Hillcrest Energy Tech Ltd Stock Price, News & Analysis

Hillcrest Energy Technologies (OTCQB: HLRTF) announced progress on its 250 kW 800V commercial prototype EV inverter, with commissioning on schedule. The technical team resolved high-frequency ringing issues, ensuring lower electromagnetic interference (EMI) for enhanced safety and performance. The company is in discussions with over a dozen potential customers, focusing on partnerships to leverage its unique technology. Additionally, Hillcrest granted stock options and restricted stock units to employees and directors, aligning incentives with long-term growth strategies.

Hillcrest Energy Technologies has achieved significant results with its new high-efficiency inverter, demonstrating a reduction in switching losses by over 90% compared to conventional hard-switched inverters. This milestone represents progress toward commercialization and signifies enhanced power density, lower costs, and improved performance for future electric vehicles (EVs). The company's traction inverter is undergoing further testing and aims for a final prototype delivery by Q4 2022.

Hillcrest Energy Technologies, a clean tech innovation company, has announced significant updates following its Annual General Meeting on June 29, 2022. The current seven-member Board of Directors has been re-elected, with David Farrell elected as the new Chair, succeeding Michael Krzus. Notably, Hillcrest has completed its exit from the fossil fuel sector, ceasing operations at its West Hazel field to focus solely on clean energy technologies. This strategic shift aims to align the company’s operations with its clean energy goals and reduce environmental liabilities.

Hillcrest Energy Technologies, a clean-technology firm, is advancing its high-efficiency inverter technology aimed at enhancing performance in electric vehicles and renewable energy applications. The global power inverter market is projected to grow from $70.5 billion in 2021 to $95 billion by 2028, with a CAGR exceeding 5%. Hillcrest's solutions promise over 99% efficiency and improved thermal management for various applications, including EVs, wind, solar, and energy storage systems. CEO Don Currie highlights ongoing discussions with strategic partners to scale the technology.

Hillcrest Energy Technologies (OTCQB: HLRTF) has filed a patent application for a simplified EV charging solution, leveraging its high-efficiency inverter technology. This innovation aims to reduce EV costs and complexities by eliminating the onboard charger and booster unit, enabling direct charging of 800V systems with existing 400V infrastructure. Initial lab tests confirm its capability for universal bidirectional (V2X) charging. Expected development progress in 2023 includes naming a launch partner for proof-of-concept validation.

Hillcrest Energy Technologies (OTCQB: HLRTF) announced the addition of Michael Moskowitz to its Board of Directors effective May 10, 2022. A veteran tech executive with over 25 years of experience, Moskowitz was previously CEO and Chairman of Panasonic North America and is currently CEO of NorthStar Gaming. He has been a strategic advisor to Hillcrest since May 2021, focusing on refining its go-to-market strategy and fostering business growth. His leadership is anticipated to drive innovation and strengthen Hillcrest's position in the clean technology sector.

Hillcrest Energy Technologies has confirmed significant advancements in its high-efficiency silicon carbide traction inverter technology, achieving over 99% efficiency. The company published a technical white paper discussing these findings, emphasizing the inverter's ability to enhance electric motor efficiency through higher switching frequencies, which can benefit electric vehicle powertrains. Following successful proof-of-concept tests, a 250kW, 800V commercial prototype is scheduled for internal testing in Q3 2022, with customer deliveries anticipated in Q4 2022.

Hillcrest Energy Technologies (OTCQB: HLRTF) has successfully completed internal testing of its high-efficiency inverter paired with an 80kW electric motor, yielding significant efficiency improvements at higher switching frequencies. The inverter achieved efficiencies exceeding 99% at switching frequencies up to 60 kHz. These advancements may lead to reduced motor size and increased range for electric vehicles. A technical whitepaper detailing test results will be available on April 21, showcasing the potential for various applications in clean energy and electrification.

Hillcrest Energy Technologies (OTCQB: HLRTF) has announced its plans to launch a high-efficiency silicon carbide traction inverter for electric vehicles. This innovative inverter technology offers efficiencies exceeding 99%, reduces vehicle weight, and enhances performance across various applications, including grid-tied renewables and utility-scale power systems. Hillcrest aims to revolutionize energy solutions with an adaptable architecture that lowers development time for multiple uses. A technical whitepaper detailing test results is expected in the coming weeks, further solidifying Hillcrest's position in the clean technology sector.