- Hillcrest (HEAT) has updated shareholders on its path to commercialization
- Commissioning of its 250 kW 800 V commercial prototype EV inverter is on schedule for Q4 2022
- The company is in discussions with over a dozen potential customers about its electric vehicle technology, including multiple global tier-1 automotive suppliers and OEMs
- Hillcrest develops power conversion technologies and digital control systems for next-gen powertrains, charging applications and grid-connected renewable energy systems
- Hillcrest Energy Technologies (HEAT) closed up by 8.33 per cent trading at $0.13 per share
Hillcrest (HEAT) has updated shareholders on its path to commercialization.
Commercial prototype testing
Commissioning of its 250 kW 800 V commercial prototype EV inverter is on schedule.
The company recently solved the issue of high-frequency ringing in the technology’s power modules, thus minimizing electromagnetic interference.
It intends to deliver prototypes to customers by Q4 2022.
Commercialization update
Hillcrest is in discussions with over a dozen potential customers about its electric vehicle technology, including multiple global tier-1 automotive suppliers and OEMs.
In the short term, the company plans to work with up to three of these potential customers with an eye on fortifying its market presence.
“Based on our ongoing conversations with potential customers, we believe our business model – largely based on a combination of unique, application-specific hardware and software designs and ongoing product royalties/fees – aligns perfectly with what the industry is looking for,” said Don Currie, Hillcrest’s CEO.
“Our intent is for Hillcrest to retain ownership of our core IP and technologies and to have the ability to enter into several transactions for each of our technologies, thereby creating multiple revenue streams,” he added.
Hillcrest develops power conversion technologies and digital control systems for next-gen powertrains, charging applications and grid-connected renewable energy systems.
Hillcrest Energy Technologies (HEAT) closed up by 8.33 per cent trading at $0.13 per share.