NR today on expanding.May 12, 2020 - TheNewswire - Vancouver, B.C. -Hillcrest Petroleum Ltd.(TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), has signed a Memorandum of Intent securing an option to market licensing in the European Union for patented, technology which has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced co-licensing of this same patented technology in the United States. Potential applications include electric vehicles and power generation applications such as wind turbines. Licenses will be marketed through ALSET Innovations Ltd., a private company owned by Hillcrest and its partner as the vehicle for an incorporated joint venture.