Hillcrest Energy Technologies Ltd C.HEAT

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

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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.

[PennyStockApp]

A price target of 1.40 and hit yet another all time low of .265 in the last 52 weeks. Some investors getting out while they can. Just my observation good luck to all !

[sorrenson]

This has no where to go but  down IMO ,   They have no granted  patents and only a few applications .A tech company with no tech moat.

[sorrenson]

Where is that from ?