Hillcrest Energy Technologies, a pioneering clean technology company offering transformative power conversion technologies and state-of-the-art control system solutions, is pleased to provide an update to shareholders.
Hillcrest is pleased to announce the successful completion of dynamic load bench tests involving Hillcrest’s cutting-edge 250-kilowatt, 800-volt SiC inverter with a prominent European Automotive Original Equipment Manufacturer (European OEM). This momentous phase of testing evaluated the impacts of Hillcrest’s revolutionary Zero Voltage Switching (ZVS) technology on a high-power dynamic load using a high efficiency motor of the European OEM and confirmed the integration of Hillcrest’s technology with their motor.
A live demonstration, attended by representatives of the European OEM, was hosted at Systematec GmbH’s facility in Germany. The exceptional test results showcased a marked advantage in electromagnetic compatibility (EMC) characteristics and inverter efficiency.
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The European OEM is currently analyzing the results and will propose the next phase of co-development activities in the coming weeks. The successful completion of this latest demonstration represents further validation of Hillcrest’s technology and significant progress on this important opportunity for collaboration and future growth.
The Company continues to make progress on the previously announced joint development project with a Global Tier One Automotive Supplier for a powertrain system that incorporates a customized version of the Hillcrest SiC traction inverter, which leverages Hillcrest’s proprietary ZVS inverter technology to solve many common challenges faced by today’s EV powertrains by enabling a reduction in overall vehicle weight, increased payload, and greater range capability. The Company announced completion of the first milestone in April 2023.
The second milestone, consisting of maximum-load demonstration testing with a specialized motor provided by the Global Tier One Automotive Supplier, is scheduled to commence in June at Hillcrest’s R&D lab in Vancouver. Upon completion, the third milestone will commence and include a series of on-site demonstrations at the customer’s facilities later this year. Upon successfully completing all milestones, the companies anticipate entering into a definitive commercial agreement.
SOURCE: PR Newswire