Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA), an innovative clean technology company redefining power conversion technologies and advanced control system solutions, today provided a shareholder update on recent activities. Among the highlights, Hillcrest reiterated that it recently completed dynamic load bench demonstrations of its 800-volt (“V”), 250-kilowatt (“kW”) SiC traction inverter attended by a prominent European automotive original equipment manufacturer (European “OEM”). On the heels of completing analysis of the demonstration results, the European OEM is proceeding with the next phase of co-development. “Our technology continues to meet or exceed expectations in demonstrations,” said Hillcrest CEO Don Currie. “Having successfully demonstrated the technology’s capabilities to the European OEM and now moving to the next phase in the process is a testament to our team’s abilities and an important opportunity for collaboration. Their commitment provides further validation of our ZVS technology and moves us another step closer to a potential commercial transaction.”
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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 on the Frankfurt 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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