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 (OTCQB: HLRTF) has engaged Craig-Hallum Capital Group as its capital markets advisory and investment banking firm effective April 15, 2023. This collaboration aims to advance Hillcrest's growth trajectory in clean technology and power conversion technologies. CEO Don Currie emphasized the strategic importance of partnering with a respected firm like Craig-Hallum, known for its experience in the industry. Hillcrest is focused on developing innovative energy solutions for a sustainable future. The company is publicly traded on multiple exchanges, including the OTCQB under the symbol HLRTF.
On April 11, 2023, Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) announced the appointment of Dan Coker as a strategic advisor. Coker, a veteran automotive executive known for his leadership role at Gentherm, is expected to aid in the execution of the company's growth strategy. Coker's extensive experience, including growing Gentherm to a billion-dollar enterprise, aligns with Hillcrest's mission to advance its clean technology innovations. Hillcrest's Chief Executive Officer, Don Currie, expressed confidence in Coker's ability to contribute to the company's scalability and commercialization efforts.
Coker emphasized Hillcrest's potential for disruption in power conversion technologies across sectors, indicating a strong future for the firm.
Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF, FRA: 7HIA.F) announced preparations for dynamic load bench demonstrations of its SiC traction inverter at Systematec GmbH in Germany, scheduled to begin in April and conclude by the end of Q2 2023. The 250-kilowatt, 800-volt inverter will be tested with a European automotive OEM's motor, showcasing its Zero Voltage Switching (ZVS) technology's benefits at higher power levels. These demonstrations are pivotal for potential commercial agreements, as the Company continues to exceed expectations in its development milestones for 2023.
Hillcrest Energy Technologies (OTCQB: HLRTF) reported significant advancements in their clean technology developments. The company is accelerating demonstration testing of their 250 kW, 800 V SiC traction inverter prototype in collaboration with a global tier 1 automotive supplier and Hercules Electric Mobility Inc. Expected milestones include a closed-loop demonstration under partial load this month, with further testing phases anticipated. Hillcrest is also working with five other automotive OEMs to enhance demonstration milestones. Their ZVS technology shows promise for grid-compatible applications, potentially creating multiple revenue streams.
Hillcrest Energy Technologies (OTCQB: HLRTF), a clean technology firm specializing in power conversion technologies, has announced an investor webinar set for February 14, 2023, hosted by Amvest Capital. The webinar will feature an operational overview, updates on technology and product development, and insights into strategic investor and public relations efforts. Key executives, including CEO Don Currie and Chief Technology Officer Ari Berger, will participate in the event starting at 4:05 pm EST. Investors can register for the webinar through the Amvest Capital website. For more details, visit Hillcrest's official site.
Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) has outlined significant advancements anticipated in 2023. The company expects to complete proof-of-concept testing for various inverter technologies, including grid-tied and multi-level inverters. Strong growth across sectors and increasing engagements with potential customers are noted. Hillcrest aims for commercial revenue commitments by year-end and has completed its first commercial prototype, laying a solid foundation for accelerated product development.
Hillcrest Energy Technologies (OTCQB: HLRTF) announced significant advancements in 2022, validating its Zero Voltage Switching (ZVS) inverter technology through two published white papers. Key milestones included the completion of an 800V 250kW EV traction inverter prototype, demonstrating over 99.4% efficiency and improved motor performance. The company secured co-development partnerships with Hercules Electric Mobility and a Tier 1 automotive supplier, anticipating further agreements in early 2023. Hillcrest also ceased oil and gas operations, focusing on sustainable energy solutions and committing to environmental, social, and governance (ESG) practices.
Hillcrest Energy Technologies has completed its first commercial prototype of the Zero Voltage Switching (ZVS) inverter, boosting its efforts in grid-tied applications like renewable energy and EV charging. This technology promises improved efficiency and reduced costs for electric vehicles by eliminating onboard chargers. Furthermore, the Enhanced Powertrain Solution, leveraging the ZVS inverter, enables fast charging on existing infrastructure without additional units. The company anticipates multiple future revenue streams as it develops these innovative solutions for a cleaner energy future.
Hillcrest Energy Technologies (OTCQB: HLRTF) has advanced its technology from a 10-kilowatt proof of concept to a commercial prototype of an 800V, 250kW Zero Voltage Switching traction inverter in just one year. The inverter aims to enhance motor efficiency by up to 13%, reduce thermal management needs, and minimize EMI issues. This technology will be integrated into partner powertrains for real-world applications by Q2 2023, marking a significant milestone in Hillcrest's transition to commercialization.
Hillcrest Energy Technologies (CSE: HEAT, OTCQB: HLRTF) will participate in the Best of the Uncovered investor conference on December 8, 2022, in San Francisco, organized by Singular Research. The conference highlights emerging growth companies and features a presentation by Hillcrest at 12:15 PM PDT. The company recently had a successful European trip, showcasing its ZVS inverter technology and discussing potential partnerships with automotive manufacturers. Hillcrest focuses on clean technology solutions for future electrical systems.