Vancouver, BC – March 31, 2025 – Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HI) is pleased to announce the commencement of a technology evaluation project with a global Tier 1 automotive supplier. The initial phase will focus on assessing the potential benefits of Hillcrest’s innovative Zero Voltage Switching (ZVS) technology in the supplier’s next-generation inverter applications for electric vehicles (EVs). Upon successful completion of this phase and subject to mutual agreement to proceed, further phases would involve integration and validation of Hillcrest’s ZVS technology into the supplier’s inverter platform.
Tier 1 automotive suppliers are companies that supply fully assembled components and/or systems to automotive manufacturers. This Tier 1 supplier, consistently ranked among the top 15 largest by revenue, is a global leader in the automotive industry. Specializing in critical components such as inverters, they serve major automotive manufacturers worldwide and play a key role in advancing EV technology. This project provides the platform for Hillcrest to showcase the potential of its Zero Voltage Switching (ZVS) technology, with the shared goal of enhancing the supplier’s inverter offerings and delivering significant value to their automotive customers.
“We are excited to take this important step with one of the world’s foremost Tier 1 automotive suppliers,” said Don Currie, CEO of Hillcrest Energy Technologies. “This project marks a pivotal moment for Hillcrest to validate our ZVS technology in a real-world automotive application and accelerate our path to commercialization. Our ultimate goal is to demonstrate the performance benefits and scalability of our technology, which, if achieved, may increase future opportunities for our technology with other suppliers in the automotive industry.”
This phase will involve a series of technical assessments conducted in collaboration with the Tier 1 supplier. Hillcrest’s ZVS technology is designed to eliminate switching losses and provide significantly improved electromagnetic compatibility (EMC) performance. During this phase, the supplier will analyze the potential efficiency, and performance of Hillcrest’s technology within their inverter architecture. The results of this evaluation will inform potential next steps.
About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean technology company focused on developing transformative power conversion solutions. The company’s proprietary zero-voltage switching (ZVS) inverter technology delivers unparalleled efficiency, reliability, and performance across various applications, including electric vehicles, renewable energy systems, and industrial markets. Hillcrest is committed to driving a sustainable future through innovative energy solutions.
Hillcrest is publicly traded on the CSE under the symbol “HEAT,” on the OTCQB Venture Market as “HLRTF” and on the Frankfurt Exchange as “7HI”. For more information, please visit: https://hillcrestenergy.tech/.
CONTACT INFORMATION
Investor Relations
Don Currie
+1-604-609-0006
Toll-free: 1-855-609-0006
Public Relations
Jamie Hogue
+1 602-793-9481
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