Hillcrest Energy Technologies Ltd C.HEAT

Alternate Symbol(s): HLRTF

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Hillcrest Energy Technologies Ltd. is a Canada-based clean technology company, which is engaged in the business of developing clean energy technologies. The Company is focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. The Company operates through two segments: Clean Energy and Corporate. It also engaged in a variety of research and development (R&D) activities associated with its Zero Voltage Switching (ZVS) technology platform and commercializing projects associated with specific applications being developed on the ZVS technology platform. The Zero Voltage Switching is an inverter technology platform to be deployed into several products, including an EV traction inverter, a simplified EV on-board charging solution, a grid-connected inverter and a multi-level inverter.

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Hillcrest Energy Technologies Ltd > our Buy-Venture rating and price target of $1.40.

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Comment by sorrensonon Jan 02, 2024 11:51pm

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RE:our Buy-Venture rating and price target of $1.40.

Where is that from ?

Checkout wrote:
Q3:23 Highlights
Hillcrest continues to be extremely productive heading into the end of FY:23, as commercial interest in their software and hardware for their ZVS inverter technology continues to ramp.
In late November, Hillcrest provided a strategic update to investors detailing its progress towards commercialization in the automotive and marine electric engine industries.
Hillcrest successfully completed previously announced co-development activities with a prominent European Automotive Original Equipment Manufacturer (OEM). Results of the recent demonstrations met or exceeded expectations laid out in the pre-testing criteria by the OEM. Future development and testing will progress to in vehicle tests. The Company and the OEM are actively engaged in discussions regarding a joint development agreement.
Hillcrest has also entered the third phase of testing with a Global Tier One automotive supplier and is progressing towards advanced demonstration with a global motor supplier and Hercules Electric Mobility.
Throughout Q2:23 and Q3:23, Hillcrest successfully raised incremental capital to fund operations further development, with over $3.0 million raised, in a tough environment.
We remain bullish on Hillcrest’s long-term prospects and reiterate our Buy-Venture rating and price target of $1.40.