Hillcrest Energy Technologies Ltd V.HRH

Key Date of August 1 Only a Week Away

[Bradwait]

Things are shaping up nicely. Next week could be huge for HRH.

From May 4 NR:

Hillcrest has earned our exclusive relationship with the partner by way of providing the cash deposit with all becoming fully binding upon providing up to CDN $500,000 of funding on or before August 1st.

The technology was developed in Canada and has repeatedly been demonstrated to increase electrical generation efficiency by as much as 80% in lab tests. Applications of the technology have successfully been tested on an electric motorcycle. If scaled up to an electric vehicle, the technology has the potential to extend range from 400 miles to over 700 miles from a single battery charge. Similarly, if applied to power generation, like a wind turbine or diesel generator, units would have a substantial reduction in size and cost for the same electrical power output.

From July 7 NR:

A number of power generation companies and electric vehicle manufacturers have approached Hillcrest and the IP owner, indicating an interest in the technology and seeking introductory discussions. In anticipation of imminent Definitive Agreement execution and consistent with Hillcrest's executive leadership roles under the anticipated arrangements, Hillcrest (ALSET) is working closely with the IP owner to schedule initial meetings.

ALSET intends to monetize its licensing and marketing rights by establishing industry partnerships to apply and deploy the technology into worldwide power generation and electric vehicle (EV) markets. The published EV market value alone was $162.34 Billion in 2019 and estimated to reach $802.81 billion by 2027 (see link below).