Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) recently held its annual general meeting in which all seven of its board members were re-elected, with a new Chair, David Farrell. “Hillcrest also announced the completion of its transition toward clean energy technologies by formally announcing the end of its oilfield activities,” reads a recent article. “Hillcrest continues to make strides in its new clean tech market, where it concentrates on offering a flexible, single-inverter architecture applicable at nearly every stage of the electrification ecosystem, from renewable energy generation through the charging and operation of electric vehicles to providing full-cycle efficiency and performance improvements. The company has completed proof of concept testing of its EV traction inverter, demonstrating a reduction in switching losses of +90% compared to conventional, hard-switched inverters employed in many electrical vehicles today. Work is currently underway on the commercial prototype for its EV traction inverter, expected to be available to customers in Q4 2022. The new test signifies a key milestone in the commercialization testing protocol as it examined specifically the efficiencies enabled by Hillcrest’s soft-switching technology… The new technology could potentially enable motor manufacturers to take advantage of new motor concepts beyond the scope currently available.”
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About Hillcrest Energy Technologies Ltd.
Hillcrest is a clean technology company developing high value, high performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol HEAT, on the OTCQB Venture Market as HLRTF and the Frankfurt Stock Exchange as 7HIA. For more information, please visit www.HillcrestEnergy.tech.
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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