Hillcrest signed and announced a Letter of Intent with Extreme Vehicle Battery Technologies Corp. (ACDC) on November 18 th , 2020, focused on forming a joint venture whereby each party contributes their respective clean energy IP, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage system (ESS) markets.
Discussions are initially focusing on the EcoVille Project announced by ACDC on November 12 th , 2020. Formal discussions are expected to accelerate once the above referenced ANIGO agreement is finalized.
Hillcrest’s electric machine control system technology resulting from the ANIGO dealing described above would potentially form an integral part of an EcoVille renewable power system including ACDC’s ESS technology.