Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean-technology company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, was the focus of attention on a recent Singular Research report. The report observed that Hillcrest has achieved a proof of concept for a proprietary zero voltage switching (“ZVS”) inverter, which Singular noted was a potential breakthrough clean-technology solution for the EV and clean-energy spaces. Based on its research, the report stated that HLRTF has strong prospects of partnerships with tier 1 auto suppliers, making Singular “bullish” on Hillcrest’s long-term prospects. The report initiated a buy-venture rating at a $0.20 price target. According to the report, Hillcrest has developed exclusive software and hardware for its ZVS inverter that eliminates switching losses and heat created in the inversion process. In addition, the company has completed design specifications for a 250 kilowatt, 800-volt ZVS EV inverter commercial prototype and already has at least a dozen OEMs and tier 1 suppliers interested in a commercial version. “Hillcrest Energy Technologies Ltd. has transitioned from being an energy exploration and production company to a clean-technology company,” stated the research report. “The company’s high-efficiency inverter technology enables high-switching frequency at high efficiency, eliminating switching losses and reducing heat produced in the inversion process.”
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About Hillcrest Energy Technologies Ltd.
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. For more information about the company, please visit 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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