Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, is announcing the date for the completion of a consolidation of its authorized and issued common shares. According to the announcement, the consolidation will be complete at market opening on June 8, 2023. The company noted that beginning that day, its common shares will start trading on the Canadian Securities Exchange on a post-consolidation basis under the existing ticker HEAT. The consolidation is on the basis of a one post-consolidated common share for each six preconsolidation common shares. “This proposed consolidation and the resulting share structure are key components of our company’s strategic business growth plan to increase our presence and equity trading in the U.S.,” said Hillcrest Energy Technologies CEO Don Currie in the press release.
Hillcrest also announced the appointment of a new strategic advisor to the company. According to the announcement, tech executive Bal Bhullar has accepted the strategic advisor role; her previous experience in scaling an EV manufacturer from early stages through NASDAQ listing, should support and enable Hillcrest’s focus on speed to market. Bhullar has more than two decades of experience in diversified business and investment banking experience, and served in executive and board positions for both public and private companies across an array of industries. “We are delighted to welcome Bal as a strategic advisor,” said Currie. “Her entrepreneurial spirit, outstanding work ethic and vast networks are assets that will undoubtedly have an immediate and substantial impact on our corporate priorities. We anticipate her experience and connections to create immediate value.”
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
TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.
To receive SMS text alerts from TechMediaWire, text “TECH” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
TechMediaWire is part of IBN.