• Hillcrest’s power inverter technology platform to offer efficiency and performance improvements 
• Hillcrest inverter technology platform can be applied at nearly every stage of the electric ecosystem

Electrification is playing a prominent role in the global transition from fossil fuels to sustainable energy sources. As energy costs rise amid increased demand, Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) holds a vital key that unlocks performance and efficiency improvements throughout the entire electrification ecosystem.

Hillcrest’s first application for its inverter technology is focused on the growing EV market. Hillcrest’s SiC high-efficiency traction inverter technology converts the DC output from the batteries into AC input used by the motor. The expected benefits of Hillcrest’s traction inverter have been confirmed via testing and shared in a technical white paper published earlier in 2022:

• Significant efficiency gains – 99%+ inverter efficiency 
• Increased power density targeting 50 kW/L+
• Significantly increased motor efficiency
• Lower stress on mechanical and electrical parts/reliability
• Improved thermal management

Applications of Hillcrest’s technology extend beyond EV operation and charging to grid-connected power generation and energy storage systems. For example, the company’s inverter technology can convert wind turbine generation AC output to deliver power to a battery or deploy it to the grid. Power inverters can also be used in solar power generation by converting DC output from the photovoltaic panels into AC power that flows into the home, back to the battery, or out to the grid. Other applications include power conversion for energy storage systems and EV DC fast chargers.

For these non-motorized applications, Hillcrest’s inverter technology has the potential to provide significant efficiency gains, better power quality and grid stability, lower stress on mechanical and electrical parts, and improved thermal management.

“We set out to be a market leader in developing and deploying next-generation energy solutions,” said Ari Berger, Hillcrest CTO. “As technology-forward experts, we are uniquely positioned to execute to our vision and deliver high-efficiency inverter solutions that have the potential to revolutionize global electrification. We’ve already achieved inverter efficiencies exceeding 99% at switching frequencies up to 60 kHz – enabling further efficiency enhancements in the overall system, such as electric motors.  These accomplishments exceed any other inverter solutions we’ve seen on the market thus far. Moving forward, we will continue to strive for more groundbreaking improvements as we develop additional applications.”

Based in Vancouver, British Columbia, Hillcrest develops transformative power conversion technologies and control system solutions for next-generation electrical systems. As the world moves forward on the path to sustainable energy sources, the company is favorably positioned to provide the keys that unlock performance and efficiency across the entire electrification value chain.

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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