Hillcrest (CSE: HEAT) (OTCQB: HLRTF) appears to be focusing its engineering efforts on solving cost and efficiency issues, two major points of the modern EV industry. “Hillcrest aims to step in with its proprietary Zero Voltage Switching (‘ZVS’) traction inverter, which is designed to set a new standard of performance and efficiency for modern power conversion technologies. The company recently completed the first commercial prototype of this innovative solution, which is said to be lighter, faster and more efficient compared to traditional inverters,” a recent article reads. “Hillcrest is optimistic that its innovative technology has many potential values, including the cost control potential. The company believes that its inverter will cost as much or even less than inverters currently available in the market. Still, unlike them, Hillcrest’s ZVS would offer far greater capabilities in terms of efficiency. In a recent investor presentation, the company cited cost savings of $700 per vehicle when using its ZVS inverter. This means that for 100,000 cars in any given model manufactured over a year, OEMs could save $70 million with a bonus of increased benefits for the end user, such as increased range, more efficient batteries and more.”
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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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