Hillcrest Energy Technologies signs MoU with Hercules Electric Mobility, The Canadian Business Journal

• Hillcrest and Hercules are collaborating to build and test electric powertrains for a range of e-mobility products.
• The project will start immediately and run until March 2023.
• Our modular design approach adapts to customer needs, integrates the latest technology into our products, and reduces time to market.

VANCOUVER, British Columbia, Oct. 13, 2022 (GLOBE NEWSWIRE) — Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) develops innovative power conversion technology and control system solutions for next-generation electrical systems is a clean technology company that The company signed a Memorandum of Understanding (MOU) with Hercules Electric Mobility, Inc., a company focused on bringing customizable electric mobility products to market.

Under the terms of the MOU, the companies will collaborate on a project to build, test and potentially commercialize a system that includes a Hillcrest 250-kilowatt, 800-volt inverter optimized for Hercules electric powertrains.

As part of the project, they will jointly test a series of configurations using Hillcrest inverters in Hercules electric propulsion systems, with the ultimate goal of demonstrating powertrains containing optimized Hillcrest inverters. The project is expected to start this month and run until March 2023, with potential applications including marine, automotive and other electric mobility products.

Hillcrest CEO Don Curry said: “This approach allows us to adapt to customer needs, integrate the latest technologies into our products, and reduce time to market. We are proud to work with.”

Designed to be smaller, lighter and more powerful than currently available inverters, Hillcrest technology is built on proprietary control software. Combining this software with our unique hardware design know-how overcomes the traditional challenges faced by today’s wide bandgap devices.

Hillcrest’s inverter technology is product development tested and proven to reduce losses and deliver new levels of efficiency and performance in next-generation electric drive systems. The company recently developed a prototype of a 250-kilowatt, 800-volt silicon carbide (SiC) EV commercial inverter, also manufactured using a modular approach. This shared, modular and customizable design provides the flexibility to quickly meet customer needs and adapt to the latest technology.

Hercules Electric Mobility, Inc. was founded in 2018 by automotive industry veteran James Breyer. He has worked in advanced engineering on multiple electric vehicle projects with global automakers. Based in Farmington Hills, Michigan, Hercules initially focused on bringing to market electric propulsion systems for recreational boating and marine applications through its Hercules Electric Marine brand.

Since then, Hercules has developed and built advanced electric propulsion technology in modular designs driven by electronic controls and software. The Hercules 200-kilowatt e-Drive system was recently selected by Coach Marine Group as the electric propulsion system for use on its Coach and Xcursion brand pontoon boats.

“We started Hercules with a vision for customizable electric mobility products that combine high performance and efficiency. This is a vision shared by our colleagues at Hillcrest,” said Hercules CEO James Breyer. said. “We look forward to evaluating the efficiency and performance improvements expected from combining Hillcrest’s next-generation inverter technology with the Powered by Hercules technology platform.”

Once all milestones are achieved, Hillcrest and Hercules will enter into a definitive commercialization agreement.

About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean technology company that develops 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 invests in developing energy solutions that drive a more sustainable and electrified future. Hillcrest is listed on the CSE under the symbol “HEAT” and on the OTCQB Venture Market under the symbol “HLRTF”. For more information, please visit https://hillcrestenergy.tech/.

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