- Hillcrest CEO returns to United Kingdom to pursue additional investor and commercialization opportunities
- Hillcrest expands technical team with the addition of a new senior firmware engineer
VANCOUVER, BC, October 16, 2023 – Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HI) (“Hillcrest” or the “Company”), an innovative clean technology company redefining power conversion technologies, is pleased to provide an update of recent activities.
Hillcrest Returns to United Kingdom
Last month, members of Hillcrest’s team, including CEO, Don Currie, Strategic Advisor, Dan Coker and CCO, James Bolen, completed a successful tour of the United Kingdom. During the trip, the team presented at an invitation-only event hosted by Global Partnership Family Offices (GPFO), attended several meetings with automotive manufacturers and suppliers and numerous financial institutions.
This tour created new interest in the Company, and as a result, Hillcrest CEO, Don Currie, has been invited to return to London this week for a series of follow-up meetings. He will be meeting with several family offices and other potential new investors. In addition, another round of meetings have been scheduled with several of the automotive manufacturers and suppliers to discuss potential co-development opportunities for the Company’s ZVS technology.
Don Currie expressed his enthusiasm, stating, “We appear to have garnered earnest interest in the UK and intend to harness this momentum to secure new investment and commercialization opportunities.”
Expansion of Hillcrest Technical Team
Hillcrest is pleased to announce the appointment of Shru Dawande as the latest addition to our team in the capacity of Senior Firmware Engineer. Mr. Dawande boasts an extensive background in the realm of power conversion devices, spanning applications in both propulsion and grid-tied domains. With over fifteen years of progressively advanced power electronics expertise garnered from roles at industry leaders such as Leonardo DRS and GE Power, Mr. Dawande is a seasoned professional in his field. His educational foundation includes a Bachelor of Engineering in electrical and electronics engineering from Purdue University.
Ari Berger, the Chief Technology Officer at Hillcrest, shared his thoughts on the matter, saying, “Mr. Dawande’s proficiency in embedded systems promises to significantly bolster our capabilities and expedite the progress of our product development initiatives.”
Hillcrest Featured on TraderTV Live
Last week, Hillcrest was invited to participate in a live interview on TraderTV Live’s YouTube channel. To hear more about Hillcrest’s recent successes and future plans, you can watch a recording of the interview on YouTube here: https://youtu.be/CT48MjW2qBY
Hillcrest will continue to provide updates as new milestones are achieved and material information becomes available.
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 the Frankfurt Stock Exchange as “7HI.” For more information, please visit: https://hillcrestenergy.tech/.
Walter Frank/Jennifer Belodeau
IMS Investor Relations
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
The securities of the Company referred to in this news 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 news 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.
Cautionary Statement Regarding “Forward-Looking” Information
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.