• Hillcrest is poised to accelerate its efforts to expand into grid-tied applications to help diversify future revenue streams; continues development of its Enhanced Powertrain Solution to bridge the gap between EVs and universal, bidirectional charging systems
• Its unique application-agnostic ZVS inverter technology allows the company to quickly adapt its technology to any motor or grid application, setting it up for entry into renewable energy generation and storage, as well as e-mobility charging
• Hillcrest’s Enhanced Powertrain Solution is expected to simplify the overall EV powertrain and charging system and free EVs from the need for an onboard charger or additional onboard DC/DC booster unit

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) has announced that the Company is accelerating its developmental efforts focused on grid-tied power conversion technologies as it completes the first Zero Voltage Switching (“ZVS”) inverter commercial prototype (https://ibn.fm/2FiVp). This clean technology developer of transformative power conversion technologies and control system solutions for modern electrical systems, expects the completion and commercialization of its grid-tied products will constitute the bedrock for the Company’s penetration into green energy applications, thus contributing to the diversification of its future revenue streams.

“Our ZVS inverter technology is intentionally designed to be decoupled from the power control system, making our firmware agnostic to specific applications, allowing us to move quickly to adapt our technology to any motor or grid application,” said Chief Technology Officer Ari Berger. “With the completion of our 800-volt, 250-kilowatt traction inverter commercial prototype, we’ve set the foundation to facilitate our entry into grid-tied applications such as renewable energy generation and storage, as well as e-mobility charging,” continued as he unveiled the Company’s plans for the future.

Progressing from technical proof of concept to commercial prototype in only one year, Hillcrest’s ZVS is designed to offer benefits not currently available in most electric power systems, including perks such as a more efficient and reliable deployment of higher switching frequencies and enhanced output power quality and control. This novel technology can be applied with batteries, electric motors, generators, fuel cells, or essentially any other power source where power conversion is needed, including grid, solar and wind. The Company takes a building block approach to the development, meaning it will start with EV applications and then look to expand into other areas of the rapidly growing clean technology sector that is booming worldwide (https://ibn.fm/2Bz8S). 2022 marks the year when the United States became the 19th country in the world, where 5% of new car sales were electric vehicles – a threshold believed to be a tipping point toward mass adoption (https://ibn.fm/NbWrs). In addition, the 2022 US Inflation Reduction Act is expected to give the cleantech sector another strong boost as it unlocks $370 billion in climate and energy investment across the country (https://ibn.fm/CCBgS).

The new breed of grid-tied energy systems will require high-frequency power electronics to allow the smart, grid-forming capabilities of a more distributed, bidirectional system that includes a variety of intermittent sources. The Company’s development of firmware and hardware that allows its ZVS inverter technology to be deployed into grid-tied applications, including renewable energy generation, storage and EV charging infrastructure, could pave the road toward acceleration of the development of its Enhanced Powertrain Solution (“EPS”) — a universal, bidirectional V2X charging architecture that leverages the efficiency and high switching frequency capabilities of Hillcrest’s ZVS inverter technology.

With its unique ZVS inverter technology, EPS simplifies the overall powertrain and charging system and is designed to free EVs from the need for an onboard charger or additional onboard DC/DC booster unit. Since onboard chargers are responsible for charging losses of up to 14%, their elimination from the system could instantly lead to charging efficiency gains, offering advantages such as reduced charging times and costs. Also, booster units are usually of a similar size and cost to the EVs traction inverter, so their removal could streamline EVs and substantially reduce weight and cost.

As the momentum for an electrified future shows no sign of slowing down, Hillcrest Energy aims to deliver advanced inverter and EV powertrain technology that has the potential to transform power electronics for the new generation of mobility, ultimately redefining how we manage energy on the grid, charge vehicles and redeploy stored energy to stabilize systems.

For more information, visit the company’s website at 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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