Hillcrest (CSE: HEAT) (OTCQB: HLRTF), a company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, was the subject of an updated report by Singular Research released in early January. Singular previously speculated on the prospects of Hillcrest’s “potential breakthrough” inverter technology and how it could attract the attention of majors in the automotive industry. “The new report detailed the partnerships that have already come to fruition as Hillcrest continues to hit critical milestones, underscoring Singular reiterating its Buy–Venture rating and a $0.20 price target from current level of $0.0722,” reads a recent article. “Singular covered the extremely productive second half of the year for Hillcrest, which was highlighted by several substantial accomplishments, including completion of the first commercial prototype of its 250-kilowatt, 800-volt Zero Voltage Switching (‘ZVS’) inverter. The prototype and tech undergirded the signing of a memorandum of understanding with Hercules Electric Mobility, a major step towards commercialization. Per the MOU, the companies are collaborating to build and test an electric powertrain system featuring a Hillcrest 250kW, 800V inverter that has been optimized for a Hercules powertrain.”
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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 and on the OTCQB Venture Market as HLRTF. For more information, please visit www.HillcrestEnergy.tech.
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