TechMediaBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Preparing for Dynamic Load Demonstrations

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) is a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems. The company today announced that it is preparing to commence dynamic load bench demonstrations of the Hillcrest SiC traction inverter at Systematec GmbH’s facility in Germany. The company is completing necessary preparations to test Hillcrest’s 250-kilowatt, 800-volt SiC inverter with a motor of a European automotive OEM and intends to begin high-power bench testing in April with expected completion by the end of the second quarter. “Three months into 2023, we’ve made strong progress towards the development and commercialization milestones we outlined for the year. As anticipated, the second quarter is shaping up to be a pivotal time for the company,” said James Bolen, chief commercialization officer at Hillcrest. “Our inverter prototype continues to meet or exceed expectations in demonstration testing under partial load. These results provide the foundation for the next progressions in the testing process with customers who recognize the benefits of our ZVS technology.”

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About Hillcrest Energy Technologies Ltd.

Hillcrest 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 and on the OTCQB Venture Market as HLRTF. For more information, 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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