VANCOUVER, B.C., May 6, 2021 – Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) (“Hillcrest” or the “Company”), a clean tech innovation and development company on the rise, today announced that David Farrell has joined the Company as a strategic advisor to help guide innovation mapping and drive business expansion efforts.
Mr. Farrell brings over 25 years of corporate and investment banking industry experience, having successfully negotiated, orchestrated and closed more than US$25 billion worth of M&A and structured financing transactions throughout his career. Working closely with the Hillcrest Executive Team, David will focus on identifying, negotiating and implementing company-building transactions including joint ventures, acquisitions and business optimization.
Currently, Mr. Farrell is President of Davisa Consulting, a private consulting firm working with global junior and mid-tier companies to identify and develop business deals and related financings. Previously, David was Managing Director, Mergers & Acquisitions at Endeavour Financial, a boutique merchant banking, corporate finance and M&A advisory group, and he started his career as a lawyer with Stikeman Elliott, working in both their Vancouver and London offices. Mr. Farrell obtained his B.Comm. (Finance) and subsequently his LL.B from the University of British Columbia and his ICD.D from University of Toronto Rotman School of Business and the Institute of Corporate Directors.
“Hillcrest is excited to welcome a professional of David’s caliber to the team,” said Hillcrest Energy Technologies CEO, Don Currie. “David brings tremendous experience, energy and focus to help identify growth opportunities, and has a solid track record of connecting businesses to profitable outcomes.”
“While we spent the better part of 2020 understanding market demands and investing in our clean tech transition, we’ve come out of the gate incredibly strong in 2021,” Currie continued. “We’ve created a solid foundation for ‘scale readiness’ – securing access to capital, enabling in-house R&D, developing engineering and management talent, and shoring up production capabilities – all focused on bringing clean technologies to market in proven sectors. Our goal is to create both immediate and lasting shareholder value that benefits from our current economic stability as well as our relentless pursuit of exponential innovation.”
“Having focused my career on proactively building mid-tier growth companies on the back of accretive, shareholder-value enhancing transactions, I am excited to bring my experience to the Hillcrest team and the Hillcrest story,” said advisor David Farrell. “Hillcrest has demonstrated the enviable ability to combine vision and execution as the Company has transitioned to clean tech with the ‘scale readiness’ Don mentions. I look forward to the opportunities ahead as Hillcrest delivers on its commitment to provide energy solutions for the future.”
About Hillcrest Energy Technologies
Hillcrest is a clean tech innovation and development company on the rise. Working to decarbonize and electrify the energy sector, the Company intends to lead by example as it transitions from the production of fossil fuels from its West Hazel asset in Saskatchewan, to clean energy technologies that help unlock efficiencies in electrification and maximize performance of electric systems including electric vehicles, motors and electric generators. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power the future. Hillcrest is publicly traded on the CSE under the symbol “HEAT”, on the OTCQB Venture Market as “HLRTF” and the Frankfurt Stock Exchange as “7HIA.F”.
ON BEHALF OF THE BOARD
Chief Executive Officer and Director
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Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s MD&A for the year ended December 31, 2021, available at www.sedar.com for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.