The Key is Not Even in the Ignition Yet ! ! ! !Going to be a fun ride. One like SONA, but bigger ! ! ! ! !
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).
Electric Vehicle Market Size, Share, Analysis, Growth by 2027
"We are confident the foundation stage for the ALSET Partnership will be completed shortly with the execution of the Definitive Agreements. As a result, we are already working with the IP owner to initiate discussions with power generation and electric vehicle companies who seem keen to explore this potentially disruptive clean energy technology, which we believe will deliver a step change in energy efficiency when applied." Don Currie, Hillcrest CEO states "The ALSET business plans we develop for these technologies, will drive Hillcrest's strategy to transition to a clean energy business. We will continue to advise as developments happen, or material events occur."