Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Makes “Major Steps Towards Commercialization,” Gets “Buy-Venture” Rating in New Report
Jan 17, 2023
- Singular Research has released an updated report on Hillcrest Energy Technologies detailing the many accomplishments of the company during the 2H 2022
- Hillcrest completed its first working prototype of its ZVS inverter, which has attracted the attention of majors in the electric mobility, including Hercules Electric Mobility and a Tier 1 automotive supplier
- Singular estimates the innovation may lead to revenue for Hillcrest later this year, rising to $10.6 million in 2024, a figure used to calculate a valuation of 20 cents per share, up 177% from the current price
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a clean-technology company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, was the subject of an updated report by Singular Research released on January 4, 2023. In a report in August, Singular speculated on the prospects of Hillcrest’s “potential breakthrough” inverter technology and how it could attract the attention of majors in the automotive industry (https://ibn.fm/qPMJT). The January report detailed the partnerships that have already come to fruition as Hillcrest continues to hit critical milestones, underscoring Singular reiterating its Buy–Venture rating and a $0.20 price target from current level of $0.0722.
Singular covered the extremely productive second half of the year for Hillcrest, which was highlighted by several substantial accomplishments, including completion of the first commercial prototype of their 250-kilowatt, 800-volt Zero Voltage Switching (“ZVS”) inverter. The prototype and tech undergirded the…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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