Ebenezer3
2 years ago
https://finance.yahoo.com/news/hillcrest-energy-technologies-nearing-commercialization-172716957.html
Hillcrest Energy Technologies nearing commercialization as company collaborates with customers
Fri, May 5, 2023 at 12:27 PM CDT·1 min read
In this article:
Vancouver --News Direct-- Hillcrest Energy Technologies Ltd
Hillcrest Energy Technologies CEO Don Currie and CCO James Bolen joined Steve Darling from Proactive to share news about the major moves the company has made as it starts to approach commercialization.
Currie telling Proactive the company added Dan Coker, an experienced auto executive, to the team. Coker has worked for automotive accessory companies that have been valued at over a billion dollars, and brings a network that is attractive to a company like Hillcrest. His connections have also led to the company engaging Craig-Hallum, a Minnesota-based investment bank, which has done business with Coker in the past.
Ebenezer3
2 years ago
Hillcrest Successfully Completes First Milestone for Global Tier One Automotive Supplier
C.HEAT | 1 hour ago
Hillcrest successfully completes first bench test for global Tier One automotive supplier.
Ultimate goal is the delivery of an optimized Hillcrest SiC inverter followed by the potential commercialization of a 350-kW product in 2024.
VANCOUVER, BC, April 18, 2023 /PRNewswire/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems, is pleased to announce the successful completion of the first milestone with a global Tier One automotive leader in mobility innovation.
Pursuant to the terms of the memorandum of understanding ("MOU"), announced on October 20, 2022, Hillcrest and the supplier are collaborating on the integration of an optimized version of Hillcrest's ZVS-enabled, 250-kilowatt (kW), 800-Volt (V) Silicon Carbide (SiC) inverter into an electrical powertrain system.
Hillcrest successfully delivered, and the global Tier One supplier has accepted, the first demonstration test results, satisfying the first milestone of the MOU and a purchase order has been issued for the next two milestones.
This marks the first in a series of testing configurations with the supplier to occur during 2023. The next milestone is the integration of the Hillcrest SiC inverter with the customer's motor at the Hillcrest facility, followed by integration of the inverter and motor into a demonstration system at the customer's facility. Upon successful completion of these milestones, the MOU anticipates shifting to the integration of a 350kW Hillcrest inverter for potential commercialization.
"Completion of this milestone provides yet another validation of the capabilities of our proprietary ZVS technology," stated Hillcrest CTO, Ari Berger. "I'm extremely proud of the team and the results we've achieved and excited to move forward to the next phase of activities with the global Tier One supplier."
Infinite persistence capture of the drain-source voltage of a low-side switch of one of the three phases of the Hillcrest SiC inverter. Testing at 640V, 170Apeak AC, 40A DC, dv/dt is around 2V/ns. Switching frequency is 40kHz. (image captured using Teledyne LeCroy MDA 8108HD) (CNW Group/Hillcrest Energy Technologies Ltd.)
Berger continued, "As illustrated in the included scope picture, we've achieved an extremely smooth voltage transition with low dv/dt, no overshoot and no oscillation (ringing). These results suggest very low electromagnetic interference (EMI). Our ability to reduce EMI could result in an extension in the useful life of our inverter as well as the motor and reduce the associated cable shielding requirements, creating weight and cost savings and improvements in reliability."
The Hillcrest SiC traction inverter takes advantage of the Company's proprietary Zero Voltage Switching (ZVS) technology platform, which has been demonstrated in lab tests and simulations to achieve substantial improvements in system-level efficiency, performance and reliability in electric systems, such as electric vehicles and stationary energy generation and storage systems. The Hillcrest SiC traction inverter is the first in a series of planned products being developed by the Company.
chilar4567
2 years ago
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LATE NEWS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
maybe why pps ++++
(PR) Hillcrest Retains Investment Banking Firm Craig-Hallum Capital Group
8:00 AM ET 4/13/23 | Dow Jones
Hillcrest Retains Investment Banking Firm Craig-Hallum Capital Group
PR Newswire
VANCOUVER, BC, April 13, 2023
VANCOUVER, BC, April 13, 2023 /PRNewswire/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems, is pleased to announce the engagement of Craig-Hallum Capital Group ("Craig-Hallum") as its capital markets advisory and investment banking firm in the U.S.
Don Currie, Hillcrest Chief Executive Officer, stated, "Over the past two years, we've demonstrated our ability to build the right team and move quickly in executing a robust technology development and commercialization strategy. Engaging Craig-Hallum, a highly respected and recognized investment bank with significant domain experience in our industry, is another next step forward for Hillcrest."
Hillcrest Strategic Advisor, Dan Coker, former President and CEO of Gentherm, added "I know and trust the team at Craig-Hallum and they are the right investment banking firm to advise Hillcrest on the critical next steps of their growth trajectory."
The engagement is effective April 15, 2023, and is subject to the completion of necessary due diligence.
About Craig-Hallum
Founded in 1997, Craig-Hallum Capital Group is an independent, full-service investment banking and corporate advisory firm specialized in advising private and public companies across various growth stages, industries, and transaction events from strategic advisory, capital markets, and M&A advisory services. Craig-Hallum's core focus is to deliver insightful, differentiated advice and services unique to each situation, resulting in meaningful outcomes for each of our clients. Our investment banking professionals work in close partnership with clients to evaluate strategic alternatives and have substantial experience advising and providing market-leading advice and transaction execution for public and private businesses across a wide range of capital markets and M&A transactions. Craig-Hallum is a member of FINRA and SIPC.
About Hillcrest Energy Technologies
Hillcrest Energy Technologies 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.F". For more information, please visit: https://hillcrestenergy.tech/.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
12yearplan
2 years ago
Cool Chil, good to have you on the case!. Seems like the volume spike of a couple days
Was not that big and could be accounted for for a large part on one or two enthusiastic buyers.
They used to say something like 'more money than brains' lol.
I like they are in the same field as EXROF/EXRO I'll be in for the long haul as well..
Hillcrest Energy Technologies Ltd., a clean technology company, engages in developing high performance power conversion technologies and digital control systems for powertrains, charging applications, and grid-connected renewable energy generation and storage systems.
Just had a peek, over 50 posts since last evening so shut it off ;):
https://ceo.ca/heat
12yearplan
2 years ago
Who the heck is on their computer at 7:14 at night on a Friday!. Keepin' the lights on I suppose:
by @newswire on 31 Mar 2023, 19:14
Hillcrest Announces Private Placement
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, March 31, 2023 /CNW/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) ("Hillcrest" or the "Company"), announces a non-brokered private placement of up to an aggregate of 25,000,000 units of the Company (a "Unit") at a price of $0.08 per Unit for aggregate gross proceeds of up to $2,000,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of 24 months following the closing date of the Offering.
Hillcrest Energy Technologies Ltd. Logo (CNW Group/Hillcrest Energy Technologies Inc.)
The Company intends to use the proceeds from the Offering for ongoing technology development and commercialization activities and general working capital.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The securities of the Company referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Hillcrest Energy Technologies
Hillcrest Energy Technologies 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" on the Frankfurt Exchange as "7HIA.F". For more information, please visit: https://hillcrestenergy.tech/.
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BlazingStocks
2 years ago
