Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Reveals MOU With Tier-1 Automotive Supplier; Simultaneously, Announces Chief Commercialization Officer Appointment
Hillcrest Energy Technologies announced that it had recently entered an MOU with a Tier 1 global automotive supplier centred around the development of the company’s inverter The company’s silicon carbide traction inverter has been designed to be smaller, slighter, and more powerful than currently available inverters – allowing automotive companies to reduce EV weight whilst simultaneously, decreasing energy losses Hillcrest eventually sees multiple applications for its inverter architecture, including within grid-tied renewables like wind and solar power, electricity charging and storage systems The company also announced the appointment of James Bolen as Hillcrest’s new Chief Commercialization Officer Hillcrest Energy Technologies…