Hillcrest Energy Technologies Ltd. C.HEAT

Hillcrest or Exro

[Danno13]

Determining which company, Exro Technology or Hillcrest Technology, has a better chance of succeeding in the EV sector involves considering various factors such as market strategy, technological advancements, partnerships, and financial stability. Here’s an overview based on recent developments:

Exro Technology:

• Exro has announced a merger with SEA Electric, aiming to create a leading e-mobility technology company1.
• They have secured multi-year commitments from major OEMs like Mack (Volvo) and Hino (Toyota), targeting the delivery of over 1,000 propulsion technology systems in 20241.
• The company is focusing on an asset-light business model and expects to generate over C$200 million in revenue for the calendar year 20241.
• Exro’s Coil Driver™ technology, which optimizes electric motor performance, is a key part of their strategy to improve EV cost, efficiency, and performance2.

Hillcrest Technology:

Both companies are making significant strides in the EV sector with their respective technologies and strategic partnerships. Exro’s merger with SEA Electric and its established OEM commitments suggest a strong position in the commercial EV space. Hillcrest’s focus on ZVS technology and power modules indicates a broad potential impact across various applications in electrification.

Success in the EV sector can be influenced by many variables, including market adoption, scalability, and continued innovation. Both Exro and Hillcrest appear well-positioned to capitalize on the growing demand for advanced EV technologies, and their future success may depend on how effectively they can commercialize their technologies and adapt to the evolving market needs.

• Hillcrest has completed the design of the EV industry’s first Zero Voltage Switching (ZVS)-enabled power module, which could offer new levels of power density, system efficiency, performance, and reliability for EV applications up to 1,000 volts3.
• Their proprietary ZVS technology is expected to deliver increased efficiencies, performance, and reliability in electric systems4.
• Hillcrest’s high-efficiency inverter technology has demonstrated the ability to achieve efficiencies exceeding 99% at switching frequencies up to 60 kHz5.
• The company’s power conversion technology is not only applicable to EVs but also to grid-connected storage
• and renewable energy systems4.