HLRTF Profile

OUR NEW PROFILE IS: 🇺🇸HLRTF

🇨🇦(CSE:HEAT) 🇩🇪(FRA: 7HIA.F)

CHECK OUT THE INVESTOR PRESENTATION HERE

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Hello Everyone,

We have another exciting profile for today’s session that we want you to take a look at.

Our last one opened at .27 and the next session it hit .36 for 33% move overnight. Congrats if you participated in that one.

This next one hasn’t seen a ton of action as of late and is sitting at just .10.

This could all change soon.

Pull up HLRTF immediately.

Hillcrest Energy Technologies is a clean technology company developing high value, high performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified the future.

HILLCREST COMPLETES DESIGN SPECS FOR INDUSTRY’S FIRST HIGH EFFICIENCY INVERTER

VANCOUVER, BC, Feb. 28, 2022

HEI commercial prototype anticipated to achieve inverter efficiency exceeding 99%
Adaptable design qualifiable to automotive standards and mass production specifications
HEI will enable electric vehicle (EV) powertrains that are lighter, smaller and more powerful

VANCOUVER, BC, Feb. 28, 2022 /PRNewswire/ – Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for next-generation electric vehicle (EV) powertrains, is pleased to announce design specifications for the first Hillcrest High Efficiency Inverter (HEI) commercial prototype. The silicon carbide Hillcrest HEI leverages propriety IP to achieve an adaptable design qualifiable to automotive standards and mass production specifications.

“We are focused on investing in and developing novel energy solutions that will power a more sustainable and electrified future,” stated Hillcrest CEO, Don Currie. “We have built an exceptional team to help us do just that and are excited to introduce our first high-efficiency inverter commercial prototype, purpose developed to enhance EV performance.”

The HEI is a new class of inverter technology that solves many common challenges faced by today’s EV powertrains. Lighter, more compact and more efficient than current inverters, the Hillcrest HEI will enable reduced overall vehicle weight, increased payload and range capability and reduced heat production/loss, thereby optimizing battery and performance reliability.

Additionally, by materially eliminating switching losses the HEI is able to achieve higher switching frequencies without increasing semiconductor losses and hence temperatures.

Anticipated to be rated to 250 kW 800V (with maximum of 1000V) the Hillcrest HEI is expected to achieve efficiency exceeding 99% with an industry-leading power density approaching 50 kW/L.

Hillcrest’s proprietary HEI technology and innovative design is scalable across a wide range of power levels and can be customized to deliver inverter advancements that make it possible for EV manufacturers to deliver more power while improving efficiency and reliability across the entire powertrain eco-system.

“We look forward to demonstrating the breakthrough capabilities of our advanced inverter technology at higher power levels, and the HEI will enable us to do just that,” stated Ari Berger, Hillcrest CTO. “We’ve optimized the design for our top priorities – vehicle electrification and other e-mobility uses, and also recognize the value our inverter offers in numerous other high-potential applications, such as grid-connected power generation.”

“Our adaptable architecture will greatly reduce the design and manufacturing times associated with future HEI solutions and will allow technical integration of the HEI value proposition into nearly any inverter platform. We are happy to report that conversations thus far with potential partners and customers confirm the value of this flexible approach in meeting the current and future needs of our partners,” said Currie.

TECH PORTFOLIO

TECHNOLOGY DEVELOPMENT COLLABORATION

Hillcrest has entered into a Technology Collaboration Agreement with Systematec GmbH, for an initial term of five years. Systematec is a leading German power electronics engineering and electromechanical component design company servicing the German automotive industry.

Technical teams on both continents will jointly manage engineering activities to leverage Hillcrest’s electric machine control software and develop high-value power electronics and electromechanical IP and technology for commercialization. All products and IP developed through this collaboration will be owned by Hillcrest.

Joint technical planning to define our initial technology development project is already underway.

SYSTEMATEC COLLABORATION VALUE PROPOSITION

Hillcrest’s control software and Systematec’s power electronics and electromechanics capabilities, when combined, will enable the Company to create industry leading control systems with functionality and performance which can be marketed to EV manufacturers and suppliers as well as other electrical industries and manufacturers.

ELECTRIC MACHINE CONTROL SOFTWARE

OVERVIEW

Hillcrest has acquired ANIGO Technologies Ltd., with its high-performance electric machine control software and is employing the IP’s inventor, Ari Berger, as the Company’s Chief Technology Officer.

This software IP, specifically designed for use with electric motors, electric generators and other integrated power systems, has the potential to greatly enhance the performance of any application requiring precise control of rotating electric machines.

This acquisition will enable Hillcrest to further innovate, develop and exploit the full potential of this software in select, high-value electrification applications.

POTENTIAL COMMERCIAL APPLICATIONS INCLUDE

Electric machine control software is essential for electricity generation and electric motor applications. Relative to other technologies, software requires very little capital to develop and can be easily modified to take advantage of functionality enhancements.

Electrical generator controls that convert and deliver renewably generated electricity

Traction control systems such as electric motors and powertrains

Precision control systems such as aeronautical applications and autonomous vehicles

Control software enhancements that enable connectivity associated with emerging technologies such as blockchain and IoT

ELECTRIC MACHINE CONTROL SOFTWARE VALUE PROPOSITION

Hillcrest’s electric machine control software is a key enabler of high-performance power systems. The software is proven in custom applications and has demonstrated functionalities and efficiencies not previously available in the industry.

OIL OPERATIONS

Hillcrest commenced production from its West Hazel oil field located in Saskatchewan, during 2019, by restoring oil production from four shut-in oil wells.

Current field development comprises 1 oil producer, a water disposal well and production facilities with an integrated water treatment and injection system. The field currently produces approximately 40 barrels of oil per day from multiple, stacked oil reservoirs at a depth of approximately 450 to 500 meters.

As part of Hillcrest’s commitment to responsible operations, the Company is planning to proactively conduct field remediation activities significantly earlier than required under current regulations. Early field remediation will reduce Hillcrest’s long term abandonment liability and underscores the Company’s broader objective of reducing our environmental footprint.

The Company will use cash flows from existing wells to accelerate the Company’s transition from fossil fuels to the development of clean energy technologies.

CHART

NEWS

CREST ENERGY RETAINS TOP STRATEGIC COMMUNICATIONS FIRM TO SUPPORT AND EXPAND GLOBAL PRESENCE; HOSTS WEBINAR TO PROVIDE UPDATES ON HIGH-EFFICIENCY INVERTER COMMERCIALIZATIONPress Release | 03/07/2022

HILLCREST COMPLETES DESIGN SPECS FOR INDUSTRY’S FIRST HIGH EFFICIENCY INVERTERPress Release | 02/28/2022

HILLCREST ADDS POWER INDUSTRY EXECUTIVE JAMES BOLEN TO EXPAND COMMERCIALIZATION OPPORTUNITIES; PROVIDES UPDATE ON DISCUSSIONS WITH FORESEESON EVSEPress Release | 01/26/2022

HILLCREST ANNOUNCES TERMINATION OF LICENSE AGREEMENT WITH OROPASSPress Release | 01/14/2022

HILLCREST ADDS RENOWNED AUTOMOTIVE EXECUTIVE TO SPEARHEAD EUROPEAN TECH COMMERCIALIZATION AND EV MARKET PENETRATIONPress Release | 12/14/2021

Hillcrest Achieves Technical Proof of Concept for High Efficiency InverterPress Release | 11/25/2021

Hillcrest Accelerates HEI Development; Proof of Concept Testing Announced for Q4 2021 as Dr. Jalal Amini Joins R&D Team as Power Electronics EngineerPress Release | 08/05/2021

Hillcrest Energy Technologies Introduces First Tech Development Initiative to Radically Boost Performance of Future Electric SystemsPress Release | 07/08/2021

Hillcrest Energy Technologies Announces Gross Proceeds of $2.95 Million Raised Through Voluntary Early Warrant Exercise Program

MANAGEMENT

Don Currie

CEO and Director

Mr. Donald Currie is the founding CEO of Hillcrest Energy Technologies. Wanting to create an organization that could leverage his 30+ years of energy experience and still benefit from entrepreneurial thinking, he took the reins of Hillcrest in February, 2010.

Don’s success combines his reputation as a trusted relationship and business builder with decades of North American equity markets exposure and the financing of public companies. He’s known for being a straight shooter who values, integrity and big picture thinking. True to form, Don has been leading the company’s successful transition into clean energy technologies by identifying early-stage prospects and converting these into a portfolio of business growth opportunities.

Earlier in his career, Mr. Currie held various senior level positions including Director, Officer and VP of Corporate Communications with Enhanced Oil Resources Inc., an oil and gas exploration and production company based out of Houston, Texas. Prior to this, Don worked in other private and public ventures spanning the mining, gaming and technology sectors.

Michael Krzus

Executive Chairman, Technical Director

Mr. Michael Krzus has been Executive Chairman of the company since August 2015 and a Director since November 2013. He brings 35 years of energy industry experience, including senior executive management positions and directorships, managing technical and business aspects of conventional and unconventional oil and gas assets and integrated liquified natural gas (LNG) projects, international gas to power projects and geothermal in Australia, the United States, the Netherlands and Canada.

Mr. Krzus was a Director and the founding CEO of Emerald Oil Inc., a New York Stock Exchange listed operating oil company focused on the Williston Basin, Bakken shale oil play in the USA and was CEO and Managing Director of Emerald Oil and Gas NL, an oil and gas company listed on the Australian Stock Exchange. Prior to this, Mr. Krzus held various managerial and executive positions during his 22-year career with Woodside Petroleum Ltd. and Shell in Australia and the Netherlands, which he joined 3 years after he began working as a petroleum engineer with Home Oil Ltd in Canada.

Mr. Krzus holds a Diploma in Oil and Gas Technology from the British Columbia Institute of Technology and a Bachelor of Science in Petroleum Engineering from Tulsa University.

Ari Berger

CTO

Mr. Ari Berger is a distinguished expert in electric machine control technologies, system engineering and multidisciplinary product design. He brings over a decade of commercial experience with a track record of deploying new technologies and go-to-market strategies, specifically in the sector of electrification.

In 2015, Mr. Berger founded NIG Systems Ltd. In Israel, which specializes in custom high performance control systems design. Prior to this, he previously worked for Bental Industries, a leading motor manufacturer.

Mr. Berger holds a Master’s Degree (MSc) in System Control Engineering from the Technion – Israel Institute of Technology and is an expert in real-time embedded software development and dynamics. He has also published several academic papers and won several awards, including one from Intel for his innovative solutions for the wafer industry.

Raj Clair

Chief Financial Officer

Ms. Raj Clair is a Chartered Professional Accountant (CPA, CA) with over 11 years of experience in finance. Ms. Clair began her career at Deloitte and has since served in advanced finance and accounting roles in the energy and resources sector. A highly collaborative team leader and builder, Ms. Clair has been responsible for financial reporting, managing audits and internal controls and working with the operations and project teams on budgeting and forecasting. Ms. Clair has worked with various publicly listed companies, including SEC registrants and has both Canadian and US experience.

Ms. Clair qualified as a Chartered Professional Accountant in 2013 and holds a Bachelor’s Degree in Accounting from Simon Fraser University.

Jamie L. Hogue

Chief Operating Officer

Jamie L. Hogue brings more than two decades of progressive policy leadership, economic analysis and organizational development experience to Hillcrest. Throughout her career, she’s built diversified expertise in energy, water, natural resource and sustainability policy and practice, working with partners across Arizona, New Mexico, Texas and Western Canada. Ms. Hogue holds extensive experience in building collaborative processes and solutions that drive organizations toward a more resilient future. Jamie previously served as the Director Operations for Arizona State University’s Ten Across initiative – a compelling observatory positioned on the front lines of economic, social and climate change and the associated implications and potential futures for the United States as a whole.

Jamie earned her Master’s Degree in Public Administration and Bachelor’s Degree in Economics from Arizona State University.

Dale Miller

General Manager Oil and Gas Operations

Mr. Dale Miller has 35 years of experience in the Canadian upstream oil and gas industry focused on managing production operations, growing production and building value through effectively executed field development programs, acquisitions and divestments in both public and privately held companies.

Mr. Miller has held a wide range of production operations, engineering and senior management positions with various independent oil and gas companies including Gibraltar Exploration Ltd, Pace Oil and Gas Ltd, Midnight Oil Exploration Ltd, 10 years with Penn West Petroleum and then most recently serving from 2011 to 2017 as President and Chief Operating Officer for Long Run Exploration Ltd.

Mr. Miller holds a Bachelor of Science in Petroleum Engineering from Tulsa University

Sincerely,

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