Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HI), an innovative clean technology company redefining power conversion technologies, today announced support from the government of Canada for a multi-phase demonstration program. According to the update, the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”) is providing advisory services and research and development funding of up to $130,000 toward the demonstration of the Hillcrest ZVS traction inverter with a global motor supplier and Hercules Electric Mobility Inc. (“Hercules”). The funding will be a significant facilitator of an important phase of development for both Hillcrest and Hercules. “We are pleased to have the support of NRC IRAP for this multi-phase program,” said Hillcrest CCO James Bolen. “Over the past year we’ve consistently demonstrated the remarkable capabilities of our proprietary ZVS inverter through progressively advanced testing with customer demonstration systems. This program will further that progression to live, in-vehicle demonstration under full dynamic loading, a key advancement towards definitive commercial agreements.”
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About Hillcrest Energy Technologies Ltd.
Hillcrest is a clean technology company focused on providing advanced 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, on the OTCQB Venture Market as HLRTF and on the Frankfurt Exchange as 7HI. 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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