Hillcrest Energy Technologies Ltd (QB) (HLRTF)

Hillcrest Engages Market One Media Group Inc.July 2, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / July 2, 2026 / Hillcrest Energy Technologies (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI) ("Hillcrest" or the "Company"), an innovative clean technology company specializing in power conversion technologies, is pleased to announce the engagement of Market One Media Group Inc. (the "Consultant").Hillcrest has entered into a media services contract with the Consultant dated June 2, 2026 (the "Agreement") pursuant to which the Consultant and its affiliates will conduct a comprehensive 12-month campaign to position the Company for sustained media awareness through a strategic mix of premium content and targeted outreach (collectively, the "Services"). The Services consist of promotional activities, including digital media content, editorial placements, newsletter distributions, email outreach, and advertising campaigns. The Services will be provided on platforms managed by the Consultant and its affiliates, including financial media, online publications, and social media platforms, such as BNN Bloomberg. The term of the Agreement is 12 months commencing on July 1, 2026. The Services are expected to end on June 30, 2027.The Consultant can be contacted at +1-604-428-2125 or info@marketone.ca, with a business address located at 440 W Hastings St #320, Vancouver, BC V6B 1L1. The Consultant is at arm's length from the Company.In consideration of the Services, the Company has agreed to pay $100,000, plus applicable taxes, to the Consultant. The Services will be conducted at the direction of the Company.The Company also announces the grant of 5,278,601 restricted share units ("RSUs") to officers, directors and consultants of the Company, pursuant to the Company's restricted share unit plan. The RSUs have a 3-year term and vest immediately.The Company further announces that it has granted stock options ("Options") to officers and directors of the Company to purchase up to 6,605,175 Common Shares pursuant to the Company's share option plan. The Options vest as follows: i) 1,321,035 Options vest on June 29, 2027; ii) 1,981,552 Options vest on June 29, 2028; and iii) 3,302,588 Options vest on June 29, 2029. The Options are exercisable on or before June 30, 2031, at a price of $0.17 per Common Share.About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies 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: https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor RelationsDon Currie
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to receiving all regulatory approvals; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; political and regulatory risks; risks related to the maintenance of stock exchange listings; and other risks and uncertainties related to the Company's business detailed elsewhere in the Company's disclosure record. Additional information on these and other risk factors can be found in the Company's continuous disclosure documents available under its profile on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Engages Market One Media Group Inc.

Hillcrest Announces Closing of Non-brokered Private Placement of UnitsJune 16, 2026 5:00 PM
ACCESS NewswireTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / June 16, 2026 / Hillcrest Energy Technologies (CNSX:HEAT)(OTCQB:HLRTF)(FSE:7HI) ("Hillcrest" or the "Company"), is pleased to announce that, further it is news release of May 27, 2026, the Company has closed its previously announced non-brokered private placement of 7,968,319 units of the Company (the "Units") for gross proceeds of $1,195,247.85 at a price of $0.15 per Unit (the "Offering").Each Unit consists of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). As a result, the Company issued a total of 7,968,319 Common Shares and 7,968,319 Warrants pursuant to the Offering.Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.20 per Common Share for a period of 24 months from the date of issuance.It is intended that the proceeds from closing of the Offering will be used for retirement of existing accounts payable, payment of new advisors and consultants, and general working capital purposes.In connection with the closing of the Offering, the Company paid aggregate cash finder's fees of $19,999.99 and issued an aggregate of 133,333 non-transferable finder's warrants (the "Finder's Warrants") to eligible arm's length finders. Each Finder's Warrant is exercisable into one Common Share at a price of $0.20 per Common Share for a period of twenty-four (24) months from the date of issuance.The securities issued in connection with the Offering, including any Common Shares issuable upon the exercise of the Warrants and Finder's Warrants, are subject to a statutory four month and one day hold period, in accordance with the policies of the CSE and applicable Canadian securities laws.About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies is a Canadian clean technology company focused on developing and commercializing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected energy systems. The Company's proprietary Zero Voltage Switching (ZVS) technology platform is being commercialized across multiple markets, including next-generation AI data centers, microgrids, and electric vehicle powertrains. 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: https://hillcrestenergy.tech/CONTACT INFORMATIONInvestor Relations
Don Currie

Hillcrest Announces Non-Brokered Private Placement Of Units For Gross Proceeds Of Up To $1.2 MillionMay 27, 2026 8:30 AM
ACCESS NewswireTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRESERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Hillcrest Energy Technologies (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI) ("Hillcrest" or the "Company"), is pleased to announce a non-brokered private placement (the "Private Placement") of up to 8,000,000 units of the Company (the "Units") at an issue price of $0.15 per Unit, for gross proceeds of up to $1,200,000. In its discretion, the Company may increase or decrease the size of the Offering in accordance with the policies of the Canadian Securities Exchange (the "Exchange").Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase an additional Share (a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 24 months following the date of issuance of the Warrant.The Company intends to use the proceeds from the Private Placement for retirement of existing accounts payable, payment of new advisors and consultants, and general working capital purposes.In connection with the Offering, the Company may pay finders' fees in cash or Units on identical terms to the Units in the Offering, to certain finders, as permitted by the policies of the Exchange. There is no minimum number of Shares or minimum aggregate proceeds required to close the Offering and the Company may, at its discretion, elect to close the Offering in one or more tranches.The securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Offering and the issuance of the Shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the Exchange.This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or to any "U.S. Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act")) of any equity or other securities of the Company. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom. Any failure to comply with these restrictions may constitute a violation of U.S. securities laws.About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies is a Canadian clean technology company focused on developing and commercializing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected energy systems. The Company's proprietary Zero Voltage Switching (ZVS) technology platform is being commercialized across multiple markets, including next-generation AI data centers, microgrids, and electric vehicle powertrains. 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: https://hillcrestenergy.tech/CONTACT INFORMATIONInvestor Relations
Don Currie Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the completion of the Offering, the intended use of proceeds from the Offering, the payment of finders' fees and issuance of securities in connection therewith. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Announces Non-Brokered Private Placement Of Units For Gross Proceeds Of Up To $1.2 Million

Hillcrest Energy Technologies Announces Adoption of Semi-Annual ReportingMay 5, 2026 6:20 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 5, 2026 / Hillcrest Energy Technologies Ltd. (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI) ("Hillcrest" or the "Company"), announces that it has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting ("SAR").Coordinated Blanket Order 51-93 allows eligible venture issuers listed on the Canadian Securities Exchange (the "CSE") to voluntarily move from a quarterly to a semi-annual financial reporting framework. Hillcrest's fiscal year ends on December 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters:Interim Period: The Company will not file an interim report for the first quarter (Q1) ending March 31, 2026, and the third quarter (Q3) ending September 30, 2026; andOngoing Reporting: The Company will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports (due within 60 days of June 30).Hillcrest confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record.This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.About Hillcrest Energy TechnologiesHillcrest Energy Technologies is a Canadian clean technology company focused on developing and commercializing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected energy systems. The Company's proprietary Zero Voltage Switching (ZVS) technology platform is being commercialized across multiple markets, including next-generation AI data centers, microgrids, and electric vehicle powertrains. 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 https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor Relations
Don Currie
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2025, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Energy Technologies Announces Adoption of Semi-Annual Reporting

Hillcrest Participates in APEC 2026 and Announces Shares for Debt OfferingMarch 23, 2026 5:00 PM
ACCESS NewswireTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / March 23, 2026 / Hillcrest Energy Technologies Ltd. (CSE:HEAT)(FRA:7HI) today announced it is being represented at the 2026 IEEE Applied Power Electronics Conference and Exposition (APEC 2026), held March 22-26, 2026 in San Antonio, Texas - one of the world's leading forums for advancing power electronics innovation.Hillcrest VP of Engineering Dr. Emanuel Serban, Ph.D., P.Eng., will participate as a Technical Lecture Presenter for Session T15.2 - "Seamless Power Transfer of Bidirectional Converters in Microgrids Applications" on Wednesday, March 25, 2026.The Company's presence at APEC reflects its commitment to engaging with the global power electronics community and contributing to the advancement of practical, industry-relevant solutions.Hillcrest Shares for Debt OfferingHillcrest is also pleased to announce its intent to complete a Shares for Debt Offering ("Offering") of units of the Company (the "Units") at a price of $0.18 per Unit for up to $500,000 in debt.Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase an additional Share (a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 12 months following the date of issuance of the Warrant.All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.The securities of the Company referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies is an energy 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" and on the Frankfurt Exchange as "7HI". For more information, please visit: https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor RelationsDon Currie Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward looking statements in this news release include statements related to the completion of the Offering, which remain subject to the ordinary conditions of completion of an Offering, and additionally requires the entry into debt settlement agreements with each of the Company's creditors taking part in the Offering, as well as non-objection of the placement by regulatory authorities including the Canadian Securities Exchange. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Participates in APEC 2026 and Announces Shares for Debt Offering

$HLRTF starting to show real strength here 👀 Tight trading, improving volume, and looks like accumulation is underway. When this starts moving, it can move FAST.

$HLRTF CSE: $HEAT Hillcrest ZVS PCS1000 prototype on track for June 2026 demos in Vancouver and Germany. >99% peak efficiency. 200 kW. 1000V. Designed for #AI #DataCenters and grid-connected applications.

Read here: https://na3.hubs.ly/y0ntxD0
$HEAT | $HLRTF

Hillcrest Energy Technologies CEO Don Currie Discusses ZVS Technology and Commercialization Progress in Stocks To Watch Investor InterviewMarch 19, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 19, 2026 / Hillcrest Energy Technologies Ltd. (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI) ("Hillcrest" or the "Company") today released a new investor interview featuring Founder and Chief Executive Officer Don Currie in conversation with Stocks To Watch host Ashleigh Barry.The full interview can be viewed at: Stocks To Watch YouTube LinkIn the interview, Mr. Currie discusses Hillcrest's proprietary Zero Voltage Switching (ZVS) technology platform and its potential to improve power conversion efficiency across electric vehicles, data center infrastructure, and renewable energy systems. The discussion covers the Company's technology differentiation, near-term commercialization milestones, and demand trends across each of these sectors.Key topics covered in the interview include:ZVS Technology Advantages - How Hillcrest's soft-switching approach reduces switching losses, lowers electromagnetic interference (EMI), and enables more compact, cost-effective power systems compared to conventional inverter architectures.EV Applications - The performance benefits of ZVS technology for electric vehicle powertrains, including validation work completed with automotive OEMs and Tier 1 suppliers.Data Center and AI Infrastructure - The application of ZVS technology to data center power conversion, including compatibility with 800V DC distribution architectures being standardized by the Open Compute Project.Commercialization Path - Progress toward customer and partner demonstrations of the ZVS PCS1000 Grid Power Conversion System, a 200 kW, 1000V inverter designed for greater than 99% peak conversion efficiency, currently on schedule for June 2026.Sponsored Disclosure: This interview was disseminated on behalf of Hillcrest Energy Technologies Ltd. and constitutes sponsored content produced as part of the investor relations services provided by Empire Market Ventures LLC, as outlined in the Company's news release dated March 3, 2026.About Hillcrest Energy Technologies
Hillcrest Energy Technologies Ltd. is a clean technology company developing advanced power conversion systems for next-generation electric vehicle powertrains and grid-connected energy applications. The Company's proprietary Zero Voltage Switching (ZVS) technology platform delivers industry-leading conversion efficiency of up to 99.7%, materially lower EMI, and significant reductions in passive component size - enabling simpler, lighter, and more cost-effective power systems across EV, renewable energy, data center, and industrial markets.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: https://hillcrestenergy.tech/CONTACT INFORMATIONInvestor Relations
Don Currie

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Energy Technologies CEO Don Currie Discusses ZVS Technology and Commercialization Progress in Stocks To Watch Investor Interview

(CSE: $HEAT) (OTCQB: $HLRTF) Hillcrest Energy Technologies Confirms ZVS PCS1000 Prototype on Track for June 2026 https://finance.yahoo.com/news/hillcrest-energy-technologies-confirms-zvs-123000242.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr #NEWS

Hillcrest Energy Technologies Confirms ZVS PCS1000 Prototype on Track for June 2026March 17, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 17, 2026 / Hillcrest Energy Technologies Ltd. (CSE:HEAT)(OTCQB:HLRTF)(FRA:7HI) ("Hillcrest" or the "Company") today provided a development update confirming that its ZVS PCS1000 Grid Power Conversion System prototype remains on schedule, with the system expected to be ready for customer and partner demonstrations at the Company's facility in Vancouver, British Columbia and at Systematec GmbH's facility in Germany in June 2026.The PCS1000 is Hillcrest's purpose-built, 200 kW, 1000V inverter prototype built on the Company's proprietary Zero Voltage Switching (ZVS) technology platform and designed for stationary and grid-connected applications. The PCS1000 is designed to deliver greater than 99% peak conversion efficiency - representing a meaningful improvement over the 95-98% industry standard - along with materially lower electromagnetic interference (EMI), more compact passive components, and a scalable modular architecture capable of supporting loads up to 1.2 MW.The PCS1000 prototype is designed to align with the Open Compute Project (OCP) 800V data center sidecar power architecture - an emerging standard being advanced by technology leaders including Meta, Microsoft, Intel, and NVIDIA - providing the high-efficiency, low-EMI AC-DC power conversion that high-density AI data center infrastructure requires.In parallel, the PCS1000 is also being designed to be compatible with UL1741 certification requirements, the applicable North America standard governing grid interconnection for distributed energy resources. This positions the Company to more efficiently adapt and pivot between commercial development opportunities across grid-connected applications including energy storage systems, microgrids, and related critical infrastructure opportunities.The PCS1000 demonstration program has generated significant interest from prospective customers and strategic partners. The Company is currently in active discussions with a number of parties across the data center, energy storage and other grid-connected applications markets regarding demonstration opportunities."Approaching this milestone is an important step toward commercial readiness," said Don Currie, CEO and Director of Hillcrest Energy Technologies. "The PCS1000 represents years of engineering work, and we look forward to demonstrating its performance to customers and partners at our facilities in Vancouver and Germany."About Hillcrest Energy TechnologiesHillcrest Energy Technologies is a Canadian 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: https://hillcrestenergy.tech/CONTACT INFORMATIONInvestor Relations
Don Currie
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.###SOURCE: Hillcrest Energy Technologies Ltd.View the original press release on ACCESS NewswireOriginal: Hillcrest Energy Technologies Confirms ZVS PCS1000 Prototype on Track for June 2026

CSE: HEAT Hillcrest Energy Technologies (OTCQB: HLRTF) is a Canadian cleantech company specializing in developing high-efficiency Zero Voltage Switching (ZVS) power conversion technologies for electric vehicles (EVs), grid, and data center applications. As of early 2026, the company is focused on commercializing these technologies, having recently completed evaluations with global tier-1 automotive suppliers. #Stockstowatch https://www.stocktitan.net/news/HLRTF/

Hillcrest Energy Technologies Announces Launch of CleanPath Distribution IncMarch 11, 2026 8:43 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company") today announced the operationalization of CleanPath Distribution Inc. ("CleanPath"), an Indigenous-led Canadian corporation operationalized pursuant to the Memorandum of Understanding between Hillcrest, Pasqua First Nation #79 ("PFN"), and Apeiron Resources Ltd. ("Apeiron") announced on October 14, 2025.CleanPath Distribution Inc. is an Indigenous-led Canadian corporation operationalized in March 2026 to pursue funding opportunities — including government funding — and to support the commercialization of Hillcrest's Zero Voltage Switching ("ZVS") power conversion technology in Canada. CleanPath's Indigenous-led structure and PFN majority ownership are intended to support its ability to access funding programs and build the government and industry relationships required to pursue the Canadian market.CleanPath is owned as follows: Pasqua First Nation #79: 51%; Apeiron Resources Ltd.: 24.5%; and Hillcrest Energy Technologies Operating Ltd.: 24.5%. Directors were appointed and shares were issued on March 5, 2026. The entity is governed by a Board of Directors with representation from all three partners. Hillcrest retains full ownership of all ZVS intellectual property and responsibility for technology development, manufacturing execution, and product certification.Hillcrest's Zero Voltage Switching ("ZVS") power conversion technology reduces the switching losses inherent in conventional power converters, resulting in higher efficiency, lower electromagnetic interference ("EMI"), and smaller, lighter passive components. Efficiency and EMI performance have been measured at European automotive OEM and Tier 1 supplier test benches. Hillcrest's ZVS technology is the subject of two prototypes currently in development: the PCS1000 Grid Power Conversion System, a 200 kW grid-connected power conversion system targeting customer demonstration in Q2 2026; and the MVP3 ZVS Traction Inverter, a 350 kVA Silicon Carbide (SiC) traction inverter prototype validated with multiple automotive OEMs and Tier One suppliers in Europe in an automotive context. Don Currie, CEO and Director of Hillcrest Energy Technologies Ltd., commented: "CleanPath brings together Pasqua First Nation #79's Indigenous leadership, industry relationships, and market knowledge, Apeiron's expertise in Indigenous economic development, and Hillcrest's ZVS technology."Mr. Currie continued, "Canada's recently announced Defence Industrial Strategy and the NRC IRAP Defence Industry Assist initiative establish a policy framework for Canadian SME participation in defence R&D. CleanPath's Indigenous-led structure and Hillcrest's Canadian-owned ZVS technology are relevant to that framework, and the Canadian defence sector is a target market for CleanPath's mandate. We are pleased to be taking this step with our partners at Pasqua First Nation #79 and Apeiron."About Pasqua First Nation #79
Pasqua First Nation #79 is a Treaty First Nation in Saskatchewan. PFN has established a wholly owned entity, Pasqua First Nation Group of Companies (PFNGC), through which it conducts various business investments and economic development activities. PFNGC's portfolio includes PRO Metal, a subsidiary focused on metal fabrication and manufacturing.PFN is also actively involved in renewable energy development, including participation in the Seven Stars Energy Project, a 200-megawatt wind energy initiative being developed in partnership with Enbridge and five other Indigenous partners. The project, targeted to be operational in 2027, will produce emissions-free power for over 100,000 Saskatchewan homes and represents significant Indigenous ownership and participation in clean energy infrastructure.About Apeiron Resources Ltd.
Apeiron Resources Ltd. is a Métis, First Nation, and Native American owned corporation and Certified Indigenous Business driven by a single purpose: to build stronger communities through sustainable socio-economic partnerships. Rooted in their Nations, they invest time, resources, and passion into volunteer leadership, community sponsorships, and capacity-building initiatives that empower citizens and honours cultural heritage.Through Apeiron's family of companies, they secure federal and provincial grants, provide fuel solutions, corporate indigenous governance, deliver skills training, and forge trust-based relationships between industry and Indigenous Nations. By connecting non-Indigenous organizations with authentic inclusion opportunities, they help the energy sector and beyond engage meaningfully with First Nation, Métis, and Native American tribes.Every project they undertake reflects cultural values, fosters economic empowerment, and delivers generational impact. Together with their partners, they create lasting change by bringing employment, training, and economic growth back to communities while guiding their partners in reconciliation to achieve more. About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a Canadian 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: https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor Relations
Don Currie
info @montgriz-0006
Toll-free: 1-855-609-0006Public Relations
Jamie L. Hogue
jhogue @stone-9481NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.FORWARD-LOOKING INFORMATIONCautionary Statement Regarding "Forward-Looking" InformationSome of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.###To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288100
Original: Hillcrest Energy Technologies Announces Launch of CleanPath Distribution Inc

Hillcrest Engages Empire Market Ventures and Announces Participation in Clean Energy & Renewables Virtual Investor ConferenceMarch 3, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 3, 2026) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company") today announces the engagement of Empire Market Ventures LLC as an investor relations consultant, and that CEO Don Currie will present live at the Clean Energy & Renewables Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 5??, 2026.Hillcrest has entered into an investor relations agreement with Empire Market Ventures (the "Consultant") dated March 2, 2026 (the "IR Agreement") pursuant to which the Consultant and its affiliates will provide the Company with investor relations services including market awareness campaigns, investor outreach, and promotional services (collectively, the "Services").The Services will be provided through platforms and channels managed by the Consultant and its affiliates, targeting retail and institutional investor audiences. The Services will include digital marketing and investor awareness campaigns conducted through social media platforms (including Facebook, Instagram, X, Reddit, Telegram and StockTwits), SMS and email marketing to opt-in investor databases, iOS app push notifications, interviews and podcast features, video production and branded content creation, custom landing pages, pay-per-click (PPC) advertising campaigns and news article distribution across financial media domains.The Company's engagement of the Consultant is for investor relations services commencing on March 2, 2026. The engagement of the Services is expected to end on June 2, 2026.The Services will be performed by Austin Daniels, on behalf of the Consultant. Empire Market Ventures, LLC, 40 Wall Street, New York, NY 10005. Telephone: 929-251-5090. Each of Austin Daniels and Consultant are at arm's length from the Company.In consideration of the Services, the Company has agreed to pay $100,000 USD to the Consultant. The Services will be conducted at the direction of the Company.Clean Energy & Renewables Virtual Investor Conference – March 5??, 2026
Hillcrest CEO Don Currie will present live at the Clean Energy & Renewables Virtual Investor Conference hosted by VirtualInvestorConferences.com on March 5??, 2026.DATE: March 5??, 2026
TIME: 11:00 - 11:30 AM ET
LINK: Hillcrest Energy Technologies Ltd. (OTCQB: HLRTF) (CSE: HEAT)This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.Other Updates
Hillcrest also announces the grant of 790,000 restricted share units of the Company (“RSUs”) to consultants of the Company.  The RSUs are being granted in relation to performance in 2026 and will vest as performance criteria are completed. The RSUs and any underlying shares in the capital of the Company are subject to a four month hold pursuant to the policies of the Canadian Securities Exchange.About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a Canadian 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: https://hillcrestenergy.tech/CONTACT INFORMATIONInvestor Relations
Don Currie
info @montgriz-0006
Toll-free: 1-855-609-0006Public Relations
Jamie L. Hogue
jhogue @stone-9481NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER Hne AS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.FORWARD-LOOKING INFORMATIONCautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.###To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286027
Original: Hillcrest Engages Empire Market Ventures and Announces Participation in Clean Energy & Renewables Virtual Investor Conference

Hillcrest Energy Technologies Appoints Otmar Bitsche as Vice President of European Business DevelopmentFebruary 19, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company") is pleased to announce the appointment of Otmar Bitsche as Vice President of European Business Development. Mr. Bitsche most recently served as Director of E-Mobility at Porsche AG, where he built the company's e-mobility organization from the ground up and led it from 2012 until his retirement in December 2025. His experience across electric vehicles, high-voltage powertrains, battery systems, EV fast charging, and energy storage directly supports Hillcrest's commercialization efforts across each of these sectors.Mr. Bitsche's 30+ year career spans the full evolution of the EV industry. He began in power electronics before leading electric vehicle programs at Steyr-Daimler-Puch (now Magna Fahrzeugtechnik) and Temic (Smart EV). At DaimlerChrysler, he rose to senior management overseeing battery systems, electrical powertrains, and storage systems, leading series development of the S-Class hybrid drive. At Porsche, he was instrumental in the Mission E project that became the Taycan, developed the industry's first 800-volt vehicle architecture and charging infrastructure, and oversaw vehicles including the 918 Spyder and the high-power battery system for the 911 GTS t-hybrid. He maintains an extensive network across European automotive OEMs, Tier One suppliers, battery companies, and energy companies."Otmar built Porsche's e-mobility organization and architected its 800-volt platform — he knows what it takes to bring advanced technology from concept to series production," said Don Currie, CEO of Hillcrest. "His relationships across the European automotive and energy sectors, combined with hands-on experience in EV charging and energy storage, make him the right person to drive our ZVS technology into production platforms across multiple markets.""Hillcrest's ZVS technology addresses a real and growing need across the electrification value chain — the ability to achieve higher power conversion efficiency while reducing system-level costs," said Otmar Bitsche. "Having spent my career pushing the boundaries of what's possible in electric vehicles, fast charging, and energy storage, I recognize the transformative potential of this technology across multiple applications. I look forward to working with European OEMs, Tier One suppliers, and energy infrastructure partners to bring ZVS into production platforms where it can deliver measurable advantages in efficiency, performance, and cost."Strengthening Hillcrest's European TeamHillcrest's ZVS traction inverter has achieved 99.7% peak efficiency in automotive OEM testing, with greater than 99% efficiency across 90% of the operating range. The technology also delivers superior EMI performance and significant reductions in component sizing, lowering system cost and weight. Throughout 2025, the Company completed extensive validation testing with multiple automotive OEMs and Tier One suppliers, and these results have led to advanced commercial discussions with several global entities exploring pathways to monetize ZVS technology in the automotive sector.Mr. Bitsche joins a strong European team that Hillcrest has built over the past four + years. Harald Hengstenberger, Managing Director and Owner of Systematec GmbH, has partnered with Hillcrest since the early stages of ZVS technology development, and his firm now operates as Hillcrest's Automotive Center of Excellence in Germany, leading prototype development and customer validation of ZVS inverter technology across Europe. Dr. Heinz-Georg Burghoff, Hillcrest's Commercialization Consultant, brings over 20 years of DaimlerChrysler AG experience in electric/electronic development and battery technology strategy. Together, Mr. Hengstenberger, Dr. Burghoff, and Mr. Bitsche form a dedicated European commercial team with deep, complementary expertise across power electronics engineering, automotive product strategy, and business development — positioned to drive Hillcrest's ZVS technology into production across the automotive and broader electrification sectors.About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies is an energy 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: https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor Relations
Don Currie
info @montgriz-0006
Toll-free: 1 855-609-0006Public Relations
Jamie L. Hogue
jhogue @stone-9481NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.FORWARD-LOOKING INFORMATIONCautionary Statement Regarding "Forward-Looking" InformationSome of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.###To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284385
Original: Hillcrest Energy Technologies Appoints Otmar Bitsche as Vice President of European Business Development

Hillcrest Announces Strategic Development Agreement for Industrial Applications; Advances 200kW Grid Inverter DevelopmentFebruary 5, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company") is pleased to announce the execution of a Memorandum of Understanding (MOU) with a leading industrial user to jointly develop customized Zero Voltage Switching (ZVS) inverter solutions for advanced materials processing applications. This industrial development agreement demonstrates the broad applicability of Hillcrest's ZVS technology platform across the Company's target market segments, which collectively represent a combined addressable market exceeding US$180 billion by 2030 (MarketsandMarkets, Battery Energy Storage System Market, 2025).Industrial Development AgreementThe industrial development agreement represents a significant validation of Hillcrest's ZVS technology versatility beyond grid-scale and automotive power conversion applications. The collaboration will focus on designing, building, testing, and commercializing inverters based on Hillcrest's proprietary ZVS technology, optimized specifically for the partner's advanced materials processing systems."This strategic agreement with a major industrial user validates our ZVS technology platform's applicability across diverse demanding applications," said Don Currie, Chief Executive Officer of Hillcrest Energy Technologies. "The partner's advanced processing systems require precise, efficient power conversion with ultra-low electromagnetic interference. Our ZVS technology's superior efficiency exceeding 99%, minimal EMI characteristics, and enhanced power quality make it ideally suited for sensitive industrial applications."The MOU, effective January 30, 2026, establishes a structured development pathway focused on real-world demonstration and field trials. The collaboration will progress through several defined milestones:Application Analysis: Comprehensive identification of all inverter applications within the partner's system design.Prototype Development: Progressive design and testing stages from initial prototype through commercial prototype to certified pre-production units.Certification Pathway: Clear roadmap to deliver certified, commercial-ready inverter solutions.Commercial Production: Establishment of manufacturing capabilities and commercial agreements.Both parties will contribute technical expertise, resources, and funding to advance the project through its milestones. The industrial partner will provide demonstration and field trial opportunities within their operational systems, enabling real-world validation of performance improvements.The MOU includes comprehensive provisions protecting each party's background intellectual property while establishing clear ownership of developments arising from the collaboration. Hillcrest retains ownership of ZVS-related improvements, while any jointly developed intellectual property will be jointly owned by both parties."The industrial applications for ZVS technology extend far beyond our initial automotive and grid-scale focus," added Currie. "This collaboration demonstrates how our technology can enable innovations across diverse sectors. Each successful deployment creates additional reference applications and validates our technology platform for broader industrial adoption."ZVS Technology Platform: Market Strategy and Application FocusThe industrial development agreement exemplifies Hillcrest's strategic approach to commercializing its ZVS technology platform across multiple high-value market segments. The Company's current activities focus on applications where ZVS technology delivers measurable performance and cost advantages over conventional power conversion systems.Hillcrest's 200kW ZVS Grid Power Conversion System prototype (PCS1000) serves as the foundation for the Company's commercialization strategy across seven core application areas. Each application segment benefits from the same fundamental ZVS technology advantages: superior efficiency exceeding 99%, higher power density through smaller and less expensive components, significantly reduced electromagnetic interference, enhanced power quality, and scalable modular architecture.Seven Core Application Areas1. Data Centers
The rapid expansion of AI-driven infrastructure is creating unprecedented demand for efficient power conversion systems. Modern AI data centers require up to 200kW per rack. According to MarketsandMarkets' Data Center Power Market report (September 2025), the data center power market is projected to reach US$50 billion by 2030. Hillcrest's 200kW modular building blocks are ideal for megawatt-scale installations with N+1 redundancy requirements, hot-swap capability for zero-downtime maintenance, and scalability to support parallel expansion of up to four units without system redesign.2. Battery Energy Storage Systems (BESS)
According to MarketsandMarkets' Battery Energy Storage System Market report (2025), the battery energy storage market in the 100kW-1MW range is projected to reach US$106 billion by 2030. Efficient power conversion is critical for maximizing return on investment. The PCS1000 is expected to provide peak inverter efficiency of greater than 99%, significantly reducing energy losses during charging and discharging cycles, while its higher power density could minimize installation footprint and associated costs.3. Remote Community and Island Microgrids
Remote communities, mining camps, and island microgrids often rely on expensive diesel generation for power. Hillcrest's PCS1000 can enable cost-effective integration of renewable energy sources with battery storage, significantly reducing or eliminating diesel fuel consumption. The PCS1000 is expected to offer superior power quality and reliability, making it particularly suitable for communities where grid connection is prohibitively expensive or technically challenging. Recent utility deployments demonstrate that solar-and-battery microgrids can create significant savings compared to conventional grid extension projects while providing enhanced resilience against natural disasters.4. Industrial and Commercial Operations
Industrial facilities and commercial buildings represent significant opportunities for deployment of the PCS1000 across multiple applications. Industrial drives and motor controls, process automation systems, precision manufacturing equipment, and facilities infrastructure (lighting, HVAC, security systems) could all benefit from ZVS technology's ultra-low electromagnetic interference and superior power quality. The new industrial development agreement falls within this application category, targeting advanced materials processing systems that require precise power conversion.Commercial and industrial facilities also face escalating demand charges during peak periods. ZVS-based energy storage systems could enable effective load shaving and peak demand management. The high efficiency of the PCS1000 is expected to maximize usable energy from battery storage during peak demand periods, enabling faster return on investment compared to conventional systems. Enhanced load protection and superior power quality protect sensitive industrial equipment and electronic controls from power quality disturbances.5. Construction and Infrastructure Projects
According to Allied Market Research's Mobile Power Plant Market report (2024), the portable/mobile power market exceeding 100kW represents more than US$10 billion annually. Construction sites and infrastructure projects increasingly seek alternatives to diesel generators for environmental, operational, and cost reasons. The PCS1000 is expected to offer zero emissions, silent 24/7 operation, and eliminate fuel logistics and costs. Its compact and lightweight design could simplify transportation and deployment across multiple project sites.6. Emergency Response and Field Operations
Command centers, field hospitals, emergency shelters, and research stations require reliable power in challenging conditions. According to Verified Market Reports' Emergency Power System Market report (2025), the emergency power systems market is projected to reach US$18 billion by 2030, driven by increasing frequency of extreme weather events and natural disasters. The PCS1000 is expected to offer reliability, rapid deployment capability, and ability to operate in harsh environmental conditions, making it well-suited for this fast-growing segment.7. Military Forward Operating Bases
Military forward operating bases, mobile command centers, and air defense installations face unique power challenges. The PCS1000 can reduce logistical fuel convoys and associated security risks while providing near-zero acoustic signature operation. Its improved system reliability and extended lifespan reduce maintenance requirements and enhance mission readiness.Development Timeline and Commercial StrategyHillcrest is pursuing multiple parallel pathways to revenue generation across industrial, grid-scale, and automotive applications. The industrial development agreement announced today compliments these ongoing commercialization initiatives and the demonstrates the versatility of the Company's ZVS platform technology.The 200kW ZVS PCS1000 prototype is expected to be ready for demonstration in Q2 2026, and the Company is actively engaging with potential customers and partners across several of these core application areas. About Hillcrest Energy Technologies Ltd.Hillcrest Energy Technologies is an energy 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: https://hillcrestenergy.tech/.CONTACT INFORMATIONInvestor Relations
Don Currie info @montgriz-0006
Toll-free: 1 855-609-0006Public Relations
Jamie L. Hogue jhogue @stone-9481NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.FORWARD-LOOKING INFORMATIONCautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.###To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282778
Original: Hillcrest Announces Strategic Development Agreement for Industrial Applications; Advances 200kW Grid Inverter Development

Hillcrest Energy Technologies Announces Strategic Venture with Pasqua First Nation #79 and Apeiron Resources Ltd. and Private Placement
Newsfile
October 14, 2025

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (FSE: 7HI) ("Hillcrest" or the "Company"), announces it has entered into a Memorandum of Understanding ("MOU") with Pasqua First Nation #79 ("PFN") and a Letter Agreement with Apeiron Resources Ltd. ("Apeiron") to establish an Indigenous-majority owned entity focused on commercializing Hillcrest's Zero Voltage Switching ("ZVS") power conversion technology in Canada.

Partnership Structure

Under the MOU PFN may invest up to $3 million in Hillcrest. The investment is intended to support the further development and commercialization of Hillcrest's ZVS technology and support general operating needs.

The MOU establishes a framework for the parties to cooperate on business activities through the creation of a new entity ("NEWCO') to market, distribute, sell, and potentially manufacture ZVS products in Canada. Under the contemplated structure, PFN would hold majority ownership of NEWCO at 51 percent, with Hillcrest and Apeiron collectively holding the remaining 49 percent as separate interest holders.

Hillcrest will retain responsibility and be compensated for its efforts to further develop and deploy it's ZVS technology into power conversion products. The specific terms and related compensation will be negotiated among the parties as NEWCO's business activities are defined.

The MOU, effective September 29, 2025, and the Letter Agreement, effective October 14, 2025, do not constitute formal undertakings or binding agreements. Rather, they establish frameworks for cooperation and collaboration among the parties, with the objective of using commercially reasonable efforts to achieve the stated objectives. PFN and Apeiron Resources Ltd. are both at arm's length from Hillcrest.

Market Opportunity

Canada's clean energy market is projected to grow from 115 GW to 149 GW by 2030, with energy storage capacity alone expected to expand from 1 GW to 12-16 GW by 2035, representing over $143 billion in investment opportunities (Canadian Renewable Energy Market Outlook 2025, Renewables Association of Canada). The federal government has committed $93 billion in Clean Economy Investment Tax Credits through 2034, including up to 30% refundable credits for clean technology (Canada Revenue Agency).

Wind, solar, and storage are expected to account for over 70% of all new electricity capacity additions through 2050 (Renewables Association of Canada). Indigenous-led partnerships have become increasingly central to this expansion, with Indigenous communities now participating in nearly 20% of Canada's clean electricity infrastructure development (Environment and Climate Change Canada, 2025).

Funding and Licensing

The venture with PFN and Apeiron is actively pursuing at least $10 million in operating capital through grants, loans, and guarantees from the Government of Canada and Government of Saskatchewan, as well as investments from other qualified investment entities. This funding will support NEWCO's commercialization activities, pilot testing, and made-in-Canada manufacturing capabilities.

Hillcrest may license its ZVS technology to NEWCO for building, assembling, testing, and manufacturing ZVS products, with terms and fees to be agreed upon. Future expansion to markets outside Canada may also be considered.

Management Commentary

"Working with Pasqua First Nation #79 and Apeiron Resources represents a strategic alignment that will accelerate the commercialization and sale of made-in-Canada power electronics products featuring Hillcrest's ZVS technology," said Don Currie, CEO of Hillcrest Energy Technologies. "These partnerships bring together Indigenous business leadership, local manufacturing capabilities, and proven clean technology innovation to create value for all stakeholders while advancing economic reconciliation in Canada."

"This partnership positions Pasqua First Nation #79 as a leader in clean energy technologies and advances our commitment to energy sovereignty," said Chief Fabian Ironeagle of Pasqua First Nation #79. "By participating in the development and commercialization of advanced power conversion technology, we are building capacity within our community and contributing to a more sustainable energy future for Canada."

"This collaboration represents more than a technological milestone—it's a testament to the power of Indigenous-led partnerships to drive economic development, environmental stewardship, and intergenerational equity," said Kirk Poitras, President and Founder of Apeiron Resources Ltd. "By bringing innovative power conversion technology to market, we're reinforcing the role of Indigenous Nations as leaders in shaping Canada's energy future."

The initiative reflects Apeiron's broader mission to empower Indigenous Nations through strategic partnerships, infrastructure development, and culturally grounded economic models. It builds on a growing portfolio of projects across Western Canada and the United States, including energy, housing, and community wellness initiatives.

Hillcrest Private Placement

Hillcrest is further pleased to announce its intention to complete an offering (the "Offering") of units of the Company (the "Units") of up to $7,200,000 comprised of: (i) up to $3,900,000 in proceeds to the Company to be raised via the issuance of Units at a price of $0.09 per Unit on a private placement basis (the "Cash Offering") and (ii) up to $3,300,000 in debt to be settled through the issuance of Units on the same terms as in respect of the Cash Offering (the "Debt Offering").

Each Unit consists of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.12 per Common Share for a period of 24 months from the date of issuance. The Warrants will be subject to an accelerated expiry upon thirty (30) business days' notice from the Company in the event the Common Shares trade for ten (10) consecutive trading days any time after four (4) months from the date of issuance at a volume-weighted average price of at least $0.36 on the Canadian Securities Exchange (the "CSE").

It is intended that a portion of the Cash Offering will be connected to the PFN investment in Hillcrest as further described above, and PFN or an affiliate thereof, will invest in Hillcrest. The Company intends to use the proceeds from the Cash Offering for further development of its technology, marketing of its products to potential customers, investor relations activities, retirement of existing accounts payable, and general working capital.

In connection with the Debt Offering, the Company intends to enter into debt settlement agreements with certain creditors (the "Creditors") related to aggregate debt owing by the Company to the Creditors as follows: (i) approximately $1,320,000 in principal and accrued interest owing pursuant to loans obtained by the Company during the prior six months; (ii) approximately $1,700,000 in principal and accrued interest owing pursuant to debentures issued by the Company on January 29, 2025 and March 4, 2025; and (iii) $280,000 owing pursuant to outstanding services invoices and director fees (collectively, the "Debt"). In full satisfaction of the Debt, the Company will issue an aggregate of approximately 36,666,667 Units (subject to any adjustments necessary for accrued interest due to the passage of time) at a deemed price of CAD$0.09 per Unit to the Creditors (the "Debt Settlement").

The Units issued in connection with the Offering will be subject to a statutory four month and one day hold period, in accordance with the policies of the CSE and applicable Canadian securities laws.

The issuance of the Units pursuant to the Offering, including the completion of the Debt Settlement, is subject to certain conditions including the receipt of all necessary regulatory approvals, including the approval of the CSE.

Insiders, including related parties as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), may participate in the Offering. As described above, as part of the Debt Settlement, the directors of the Company are expected to settle an aggregate total of approximately $65,800 in outstanding director fees, owing by the Company to the directors, through the issuance of approximately 731,111 Units. Such insider participation will constitute a "related party transaction" under MI 61-101. The Company expects this participation to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value of the securities subscribed for will not exceed 25% of the Company's market capitalization.

Other Hillcrest Updates

The Company also announces the cancellation of the non-brokered private placement first announced by the Company on March 11, 2025. Hillcrest continues to work with the associated strategic investor on potential future investments and will continue to provide updates as they occur.

Further to the Company's press release issued on September 26, 2025, announcing the proposed extension of 4,350,000 warrants of the Company from an expiry date of October 4, 2025 to October 4, 2027 (the "Warrant Extension"), the Company confirms that the Warrant Extension has been consented to by all warrant holders and the Warrant Extension has been effected.

About Pasqua First Nation #79

Pasqua First Nation #79 is a Treaty First Nation in Saskatchewan. PFN has established a wholly owned entity, Pasqua First Nation Group of Companies (PFNGC), through which it conducts various business investments and economic development activities. PFNGC's portfolio includes PRO Metal, a subsidiary focused on metal fabrication and manufacturing.

PFN is also actively involved in renewable energy development, including participation in the Seven Stars Energy Project, a 200-megawatt wind energy initiative being developed in partnership with Enbridge and five other Indigenous partners. The project, targeted to be operational in 2027, will produce emissions-free power for over 100,000 Saskatchewan homes and represents significant Indigenous ownership and participation in clean energy infrastructure.

About Apeiron Resources Ltd.

Apeiron Resources Ltd. is a Métis, First Nation, and Native American owned corporation and Certified Indigenous Business driven by a single purpose: to build stronger communities through sustainable socio-economic partnerships. Rooted in their Nations, they invest time, resources, and passion into volunteer leadership, community sponsorships, and capacity-building initiatives that empower citizens and honours cultural heritage.

Through Apeiron's family of companies, they secure federal and provincial grants, provide fuel solutions, corporate indigenous governance, deliver skills training, and forge trust-based relationships between industry and Indigenous Nations. By connecting non-Indigenous organizations with authentic inclusion opportunities, they help the energy sector and beyond engage meaningfully with First Nation, Métis, and Native American tribes.

Every project they undertake reflects cultural values, fosters economic empowerment, and delivers generational impact. Together with their partners, they create lasting change by bringing employment, training, and economic growth back to communities while guiding their partners in reconciliation to achieve more.

About Hillcrest Energy Technologies

Hillcrest Energy Technologies specializes in innovating and commercializing advanced power conversion technologies for electric vehicles and grid-connected renewable energy systems. The Company is dedicated to developing high-efficiency solutions that reduce energy waste, enhance performance, and drive the next generation of electrification.

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, visit: https://hillcrestenergy.tech.

CONTACT INFORMATION

Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006

Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

https://finance.yahoo.com/news/hillcrest-energy-technologies-announces-strategic-203000818.html

Weekly Chart
https://schrts.co/FURRBiAI

Global Tier 1 Automotive Supplier Engages Hillcrest in ZVS Technology Evaluation
Newsfile Corp.
March 31, 2025

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) is pleased to announce the commencement of a technology evaluation project with a global Tier 1 automotive supplier. The initial phase will focus on assessing the potential benefits of Hillcrest's innovative Zero Voltage Switching (ZVS) technology in the supplier's next-generation inverter applications for electric vehicles (EVs). Upon successful completion of this phase and subject to mutual agreement to proceed, further phases would involve integration and validation of Hillcrest's ZVS technology into the supplier's inverter platform.

Tier 1 automotive suppliers are companies that supply fully assembled components and/or systems to automotive manufacturers. This Tier 1 supplier, consistently ranked among the top 15 largest by revenue, is a global leader in the automotive industry. Specializing in critical components such as inverters, they serve major automotive manufacturers worldwide and play a key role in advancing EV technology. This project provides the platform for Hillcrest to showcase the potential of its Zero Voltage Switching (ZVS) technology, with the shared goal of enhancing the supplier's inverter offerings and delivering significant value to their automotive customers.

"We are excited to take this important step with one of the world's foremost Tier 1 automotive suppliers," said Don Currie, CEO of Hillcrest Energy Technologies. "This project marks a pivotal moment for Hillcrest to validate our ZVS technology in a real-world automotive application and accelerate our path to commercialization. Our ultimate goal is to demonstrate the performance benefits and scalability of our technology, which, if achieved, may increase future opportunities for our technology with other suppliers in the automotive industry."

This phase will involve a series of technical assessments conducted in collaboration with the Tier 1 supplier. Hillcrest's ZVS technology is designed to eliminate switching losses and provide significantly improved electromagnetic compatibility (EMC) performance. During this phase, the supplier will analyze the potential efficiency, and performance of Hillcrest's technology within their inverter architecture. The results of this evaluation will inform potential next steps.

About Hillcrest Energy Technologies

Hillcrest Energy Technologies is a clean technology company focused on developing high-performance power conversion technologies and advanced control systems for electric vehicles, grid-connected renewable energy systems, and other power applications. The company's proprietary Zero Voltage Switching (ZVS) technology is designed to enhance efficiency, performance, and reliability while reducing system costs. Hillcrest is committed to delivering transformative energy solutions that optimize power conversion in next-generation electrification applications.

For more information, please visit www.hillcrestenergy.tech.

CONTACT INFORMATION

Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006

Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's MD&A for the year ended Dec. 31, 2023, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

https://finance.yahoo.com/news/stellantis-saft-unveil-prototype-ev-154644533.html

Thanks. Starting DD here https://ceo.ca/heat

https://www.linkedin.com/search/results/all/?keywords=hillcrest%20energy%20and%20technology&origin=TYPEAHEAD_ESCAPE_HATCH&sid=Qh%40

I registered for this (now recorded) investor conference. Will watch later. https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5112012/hillcrest-energy-technologies-inc-cse-heat-otcqb-hlrtf

Hillcrest Energy Technologies Announces Strategic Venture with Pasqua First Nation #79 and Apeiron Resources Ltd. and Private Placement
Newsfile
Tue, October 14, 2025 at 4:30 PM EDT

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Hillcrest Energy Technologies (CSE: HEAT) (FSE: 7HI) ("Hillcrest" or the "Company"), announces it has entered into a Memorandum of Understanding ("MOU") with Pasqua First Nation #79 ("PFN") and a Letter Agreement with Apeiron Resources Ltd. ("Apeiron") to establish an Indigenous-majority owned entity focused on commercializing Hillcrest's Zero Voltage Switching ("ZVS") power conversion technology in Canada.

Partnership Structure

Under the MOU PFN may invest up to $3 million in Hillcrest. The investment is intended to support the further development and commercialization of Hillcrest's ZVS technology and support general operating needs.

The MOU establishes a framework for the parties to cooperate on business activities through the creation of a new entity ("NEWCO') to market, distribute, sell, and potentially manufacture ZVS products in Canada. Under the contemplated structure, PFN would hold majority ownership of NEWCO at 51 percent, with Hillcrest and Apeiron collectively holding the remaining 49 percent as separate interest holders.

Hillcrest will retain responsibility and be compensated for its efforts to further develop and deploy it's ZVS technology into power conversion products. The specific terms and related compensation will be negotiated among the parties as NEWCO's business activities are defined.

The MOU, effective September 29, 2025, and the Letter Agreement, effective October 14, 2025, do not constitute formal undertakings or binding agreements. Rather, they establish frameworks for cooperation and collaboration among the parties, with the objective of using commercially reasonable efforts to achieve the stated objectives. PFN and Apeiron Resources Ltd. are both at arm's length from Hillcrest.

Market Opportunity

Canada's clean energy market is projected to grow from 115 GW to 149 GW by 2030, with energy storage capacity alone expected to expand from 1 GW to 12-16 GW by 2035, representing over $143 billion in investment opportunities (Canadian Renewable Energy Market Outlook 2025, Renewables Association of Canada). The federal government has committed $93 billion in Clean Economy Investment Tax Credits through 2034, including up to 30% refundable credits for clean technology (Canada Revenue Agency). Wind, solar, and storage are expected to account for over 70% of all new electricity capacity additions through 2050 (Renewables Association of Canada). Indigenous-led partnerships have become increasingly central to this expansion, with Indigenous communities now participating in nearly 20% of Canada's clean electricity infrastructure development (Environment and Climate Change Canada, 2025).

https://finance.yahoo.com/news/hillcrest-energy-technologies-announces-strategic-203000818.html

New Hillcrest White Paper Reveals How ZVS Technology Can Deliver Significant Cost Savings and Size Reduction in Power Inductor Design
Newsfile Corp.
July 17, 2025

Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a leader in advanced power conversion technologies, today announced the publication of a technical white paper analyzing the performance characteristics of AC filter inductors in power conversion systems utilizing the Company's Zero Voltage Switching (ZVS) technology.

The study, available on the Hillcrest website here, addresses a critical component challenge in grid-connected power systems, where AC filter inductors typically represent 15-25% of total system cost and volume in industrial applications. With the global power electronics market projected to exceed $50 billion by 2030 according to Grand View Research, efficiency improvements in core components present substantial commercial opportunities.

Research Methodology and Scope

The analysis examined LC and LCL filter topologies in grid-connected three-phase inverters, comparing conventional designs with ZVS-optimized alternatives in 200 kW power range applications. Both systems were rated at 300 amps and tested against IEEE 519 harmonic standards and grid code requirements.

The analysis focused on systems critical to infrastructure electrification, including electric vehicle charging networks, renewable energy integration, and industrial power conversion. The comparative analysis evaluated cost, performance, and physical parameters across multiple design configurations.

Performance Analysis Results

The study found that ZVS-optimized inductors demonstrated cost reductions of 75% compared to conventional designs, with weight reductions of 4x and volume reductions of 3.3x. Performance measurements indicated 45% lower total inductor losses, with copper losses reduced by 40% and core losses by 2.5x. The ZVS systems achieved 3.8x voltage gain while operating at 4x lower inductance values.

These improvements resulted from higher switching frequencies enabled by Hillcrest's ZVS technology, which addresses traditional high-frequency switching challenges including switching losses, electromagnetic interference, and thermal management constraints.

Market Applications and Industry Impact

The research has direct applications across multiple sectors experiencing rapid electrification. Electric vehicle charging infrastructure, where system size and installation costs are critical factors, represents one market opportunity. Grid-tied renewable energy systems and energy storage applications also benefit from the reduced component footprint and improved efficiency characteristics.

https://finance.yahoo.com/news/hillcrest-white-paper-reveals-zvs-120000607.html

Hillcrest Energy Technologies Inc. (CSE: HEAT; OTCQB: HLRTF): Virtual Investor Conferences



Looks like a bottom is being reached with the OBV turning up.
Weekly Chart
https://schrts.co/uHpsudFQ

HLRTF what a crappy stock pfffft

16 months since the last post. Anyone still following it?

I just read about it... and did go to (not that active and somewhat negative sentiment) stockhouse discussion.. Price is still on its way down. Why should it change direction? Or why not?

https://finance.yahoo.com/news/hillcrest-energy-technologies-nearing-commercialization-172716957.html
Hillcrest Energy Technologies nearing commercialization as company collaborates with customers
Fri, May 5, 2023 at 12:27 PM CDT·1 min read
In this article:
Vancouver --News Direct-- Hillcrest Energy Technologies Ltd


Hillcrest Energy Technologies CEO Don Currie and CCO James Bolen joined Steve Darling from Proactive to share news about the major moves the company has made as it starts to approach commercialization.

Currie telling Proactive the company added Dan Coker, an experienced auto executive, to the team. Coker has worked for automotive accessory companies that have been valued at over a billion dollars, and brings a network that is attractive to a company like Hillcrest. His connections have also led to the company engaging Craig-Hallum, a Minnesota-based investment bank, which has done business with Coker in the past.

The hits and successes just keep on coming HEAT$

The chances are, your chances are awfully good

[fir$t greate$t hit$ are the be$t]

Hillcrest Successfully Completes First Milestone for Global Tier One Automotive Supplier
C.HEAT | 1 hour ago
Hillcrest successfully completes first bench test for global Tier One automotive supplier.
Ultimate goal is the delivery of an optimized Hillcrest SiC inverter followed by the potential commercialization of a 350-kW product in 2024.
VANCOUVER, BC, April 18, 2023 /PRNewswire/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems, is pleased to announce the successful completion of the first milestone with a global Tier One automotive leader in mobility innovation.

Pursuant to the terms of the memorandum of understanding ("MOU"), announced on October 20, 2022, Hillcrest and the supplier are collaborating on the integration of an optimized version of Hillcrest's ZVS-enabled, 250-kilowatt (kW), 800-Volt (V) Silicon Carbide (SiC) inverter into an electrical powertrain system.

Hillcrest successfully delivered, and the global Tier One supplier has accepted, the first demonstration test results, satisfying the first milestone of the MOU and a purchase order has been issued for the next two milestones.

This marks the first in a series of testing configurations with the supplier to occur during 2023. The next milestone is the integration of the Hillcrest SiC inverter with the customer's motor at the Hillcrest facility, followed by integration of the inverter and motor into a demonstration system at the customer's facility. Upon successful completion of these milestones, the MOU anticipates shifting to the integration of a 350kW Hillcrest inverter for potential commercialization.

"Completion of this milestone provides yet another validation of the capabilities of our proprietary ZVS technology," stated Hillcrest CTO, Ari Berger. "I'm extremely proud of the team and the results we've achieved and excited to move forward to the next phase of activities with the global Tier One supplier."

Infinite persistence capture of the drain-source voltage of a low-side switch of one of the three phases of the Hillcrest SiC inverter. Testing at 640V, 170Apeak AC, 40A DC, dv/dt is around 2V/ns. Switching frequency is 40kHz. (image captured using Teledyne LeCroy MDA 8108HD) (CNW Group/Hillcrest Energy Technologies Ltd.)

Berger continued, "As illustrated in the included scope picture, we've achieved an extremely smooth voltage transition with low dv/dt, no overshoot and no oscillation (ringing). These results suggest very low electromagnetic interference (EMI). Our ability to reduce EMI could result in an extension in the useful life of our inverter as well as the motor and reduce the associated cable shielding requirements, creating weight and cost savings and improvements in reliability."

The Hillcrest SiC traction inverter takes advantage of the Company's proprietary Zero Voltage Switching (ZVS) technology platform, which has been demonstrated in lab tests and simulations to achieve substantial improvements in system-level efficiency, performance and reliability in electric systems, such as electric vehicles and stationary energy generation and storage systems. The Hillcrest SiC traction inverter is the first in a series of planned products being developed by the Company.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LATE NEWS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
maybe why pps ++++
(PR) Hillcrest Retains Investment Banking Firm Craig-Hallum Capital Group
8:00 AM ET 4/13/23 | Dow Jones

Hillcrest Retains Investment Banking Firm Craig-Hallum Capital Group

PR Newswire

VANCOUVER, BC, April 13, 2023

VANCOUVER, BC, April 13, 2023 /PRNewswire/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for electrical systems, is pleased to announce the engagement of Craig-Hallum Capital Group ("Craig-Hallum") as its capital markets advisory and investment banking firm in the U.S.

Don Currie, Hillcrest Chief Executive Officer, stated, "Over the past two years, we've demonstrated our ability to build the right team and move quickly in executing a robust technology development and commercialization strategy. Engaging Craig-Hallum, a highly respected and recognized investment bank with significant domain experience in our industry, is another next step forward for Hillcrest."

Hillcrest Strategic Advisor, Dan Coker, former President and CEO of Gentherm, added "I know and trust the team at Craig-Hallum and they are the right investment banking firm to advise Hillcrest on the critical next steps of their growth trajectory."

The engagement is effective April 15, 2023, and is subject to the completion of necessary due diligence.

About Craig-Hallum

Founded in 1997, Craig-Hallum Capital Group is an independent, full-service investment banking and corporate advisory firm specialized in advising private and public companies across various growth stages, industries, and transaction events from strategic advisory, capital markets, and M&A advisory services. Craig-Hallum's core focus is to deliver insightful, differentiated advice and services unique to each situation, resulting in meaningful outcomes for each of our clients. Our investment banking professionals work in close partnership with clients to evaluate strategic alternatives and have substantial experience advising and providing market-leading advice and transaction execution for public and private businesses across a wide range of capital markets and M&A transactions. Craig-Hallum is a member of FINRA and SIPC.

About Hillcrest Energy 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. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" and on the Frankfurt Exchange as "7HIA.F". For more information, please visit: https://hillcrestenergy.tech/.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

As Janey would say, it's moving too slow for my taste$..

GREEN (-;

Cool Chil, good to have you on the case!. Seems like the volume spike of a couple days
Was not that big and could be accounted for for a large part on one or two enthusiastic buyers.
They used to say something like 'more money than brains' lol.

I like they are in the same field as EXROF/EXRO I'll be in for the long haul as well..

Hillcrest Energy Technologies Ltd., a clean technology company, engages in developing high performance power conversion technologies and digital control systems for powertrains, charging applications, and grid-connected renewable energy generation and storage systems.

Just had a peek, over 50 posts since last evening so shut it off ;):
https://ceo.ca/heat

looked @ chart . will stand pat till between .05-06, then pbly load the boat.
4 months, 25 million shares will be able to hit the market.

Who the heck is on their computer at 7:14 at night on a Friday!. Keepin' the lights on I suppose:
by @newswire on 31 Mar 2023, 19:14
Hillcrest Announces Private Placement

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, March 31, 2023 /CNW/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) ("Hillcrest" or the "Company"), announces a non-brokered private placement of up to an aggregate of 25,000,000 units of the Company (a "Unit") at a price of $0.08 per Unit for aggregate gross proceeds of up to $2,000,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of 24 months following the closing date of the Offering.

Hillcrest Energy Technologies Ltd. Logo (CNW Group/Hillcrest Energy Technologies Inc.)

The Company intends to use the proceeds from the Offering for ongoing technology development and commercialization activities and general working capital.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The securities of the Company referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Hillcrest Energy 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. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" on the Frankfurt Exchange as "7HIA.F". For more information, please visit: https://hillcrestenergy.tech/.

https://tenor.com/en-CA/view/thumsb-up-ok-okay-alright-sure-gif-16948436

shares- not $
$4,000 to take offer.

Is that with a $ sign?.
(I took 50k shares or fun tickets, I may have the name wrong - look forward to a nap ;)

I'm in 10k

GL!, I hear the sell is late fall ;)..

12, my bid

just entered order to dip toe.

Cheers Chil, glta..
https://twitter.com/search?q=%24HEAT&src=typed_query&f=live

thx 12, will TAL

Smart crew https://hillcrestenergy.tech/about-us/our-team/

Hillcrest Energy Technologies Ltd. · 2023-03-19 
@HillcrestEnergy
Combining system-level impacts of the Hillcrest ZVS traction #inverter could generate up to US$700 in cost of materials #savings per #electricvehicle. #hillcrestenergytechhttps://t.co/UG5eLIwuNf

Hillcrest Energy Technologies Ltd. · 2023-03-23
@HillcrestEnergy
Exciting times for Hillcrest! New shareholder update for March 2023 was released today. Accelerating commercialization activities with current MoUs and 5 more automotive OEMs and Tier 1 suppliers.

Hillcrest Energy Technologies Ltd. · 2023-03-29
@HillcrestEnergy
There’s a lot happening at Hillcrest! We are preparing to test our 250 kW, 800 V SiC inverter with a motor of a European automotive OEM at Systematec GmbH’s facility in Germany. 
https://hillcrestenergy.tech/

Nice $HLRTF exposure...loads of information.

1st Article

https://www.digitaljournal.com/pr/hillcrest-hlrtf-and-hercules-set-to-collaborate-to-build-and-test-an-electric-powertrain-for-a-range-of-e-mobility-products


2nd Article

https://investorbrandmedia.com/hlrtf-a-clean-technology-company-developing-transformative-power-conversion-technologies-and-control-system-solutions-for-next-generation-electrical-systems/

$HLRTF trading 60% over its 10-day average volume in Power Hour ... UP almost 8% on today's News.

Yes, this is amazing $HLRTF News. The project starts now, THROUGH 2023!

According to the terms of the MOU, Hillcrest and the supplier will collaborate to integrate an optimized version of Hillcrest’s 250-kilowatt (kW), 800-Volt (V) inverter into a future powertrain system. The joint project is expected to run through 2023.
https://finance.yahoo.com/news/hillcrest-energy-technologies-partners-global-120000214.html

Interest is growing HLRTF

$HLRTF over 100k now, nice buys this week!