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InvestorNewsBreaks – Hillcrest Energy Technologies Ltd.’s (CSE: HEAT) (OTCQB: HLRTF) Solution Holds Potential to Reshape EV Charging Infrastructure Needs
November 17, 2022

InvestorNewsBreaks – Hillcrest Energy Technologies Ltd.’s (CSE: HEAT) (OTCQB: HLRTF) Solution Holds Potential to Reshape EV Charging Infrastructure Needs

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) is a clean energy technology company whose flagship product is a single high-efficiency inverter architecture for use throughout electrification ecosystems, from renewable energy generation to EV charging and operation. “A new class of inverter technology, Hillcrest’s Silicon Carbide (‘SiC’) traction inverter technology converts DC (direct current) output from batteries into AC (alternating current) input used by motors. The unique design enables power applications to utilize higher switching frequencies and realize increased traction motor performance and reliability while operating at higher power levels without sacrificing efficiency. The inverter touches all the key points EV makers are seeking, reducing battery size and weight, minimizing overall system complexity, and reducing costs,” a recent article reads. “Furthermore, Hillcrest in January filed a patent application for a simplified EV charging solution leveraging its inverter tech to provide universal, backward compatible, bidirectional (“V2X”) charging capabilities. In simpler terms, this solution eliminates the need for EVs to require an onboard charger, allowing for faster, anywhere charging at a wide range of power levels. The company hopes to name a launch partner and for proof-of-concept validation next year. Bringing this technology to market could reshape EV charging infrastructure needs.”

To view the full article, visit https://ibn.fm/mQCst

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.

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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