Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Eyes Entry into Grid-Tied Applications; Continues Development of Its Enhanced Powertrain Solution
Dec 27, 2022
- 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…
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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