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October 13, 2022 – TheNewswire – Hillcrest Energy Technologies (HLRTF), a clean technology company developing transformative power conversion technologies, has signed a memorandum of understanding with Hercules Electric Mobility, a company focused on bringing customizable electric mobility products to market.
Terms of the MOU call for both companies to collaborate on a comprehensive project to build, test and potentially commercialize a system that will include the Hillcrest 250-kilowatt, 800-volt inverter, which has been optimized for a Hercules electric powertrain.
Hillcrest Energy CEO Don Currie commented: “With a shared modular design philosophy, our companies have a lot of synergies. This approach allows us both to adapt to customer needs, integrate the latest technologies into our products, and improve speed to market. The Hercules team brings an impressive depth of experience and we’re proud to join forces with them on our first development MOU.”
Designed to be smaller, lighter and more powerful than currently available inverters, Hillcrest technology is built on proprietary control software. This software combined with unique hardware design know-how overcomes traditional challenges faced with current wide bandgap devices.
Hillcrest’s inverter technology has been proven in product-development testing to reduce losses and deliver new levels of efficiency and performance in future generations of electric drive systems. The company has recently developed and built a 250-kilowatt, 800-volt Silicone Carbide EV commercial inverter prototype, also with a modular approach. This shared modular, customizable design provides the flexibility to quickly meet customer needs and adapt to the most up-to-date 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.
Shares of Hillcrest Energy Technologies trade on the OTCQB under the ticker symbol HLRTF. For more information visit www.hillcrestenergy.tech.
Disclaimer
This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other investor relations materials that it publishes electronically. Green Stock News has been compensated US$15,000 by Hillcrest Energy Technologies for advertising services.
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