Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems, today announced successful completion of the first milestone with a global tier one automotive leader in mobility innovation. Under the terms of the memorandum of understanding (“MOU”), announced on Oct. 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 delivered the first demonstration test results, satisfying the first milestone of the MOU, and a purchase order has been issued for the next two milestones. “Completion of this milestone provides yet another validation of the capabilities of our proprietary ZVS technology,” said 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.”
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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, on the OTCQB Venture Market as HLRTF and on the Frankfurt Exchange as 7HIA.F. For more information, please visit www.HillcrestEnergy.tech.
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