Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Gears up for 2023; Expands Focus to New Products and End Uses of Its ZVS Inverter Technology to De-Risk and Potentially Accelerate Race to Commercial Revenues

• Hillcrest – an innovative developer of next-gen technologies for EV powertrains and grid-connected renewable energy systems – is looking forward to a promising 2023 as its target market remains buoyant: sale of zero-emission vehicles continues to exceed expectations, and renewables appear on track to become the largest global source of electricity by 2025
• Aligned with these market developments, the company remains committed to building momentum gained in 2022; looks to expand its focus to include grid-tied applications while maintaining and growing relationships in the automotive sector;
• Hillcrest eyes engagement with potential customers across multiple sectors, aiming to position itself to secure commitments for commercial revenues by year-end; expects its growing IP portfolio to give a strong boost to the company’s perceived market value and maturing business strategy

Against the backdrop of a strong industry outlook, Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a clean technology developer of next-gen technologies for EV powertrains and grid-connected renewable energy systems, appears to be gearing up for another banner year as it released an update unveiling the company’s development and commercialization targets for 2023 (https://ibn.fm/J7IUc). With zero-emission vehicles expected to make up 42% of the 2040 global fleet (https://ibn.fm/MicuM) and renewables now anticipated to become the largest global source of electricity by 2025, Hillcrest looks into expanding across these segments with a view to de-risk and diversify its revenue streams and potentially to accelerate the race to commercial revenues.

Due to their efficiency and lower environmental impact, electric vehicles soared in popularity over recent years (https://ibn.fm/8LWdM). As the battery-electric vehicle sales continue to outpace the overall market, 2023 is set to be a watershed year for the sector, with a new milestone fast approaching…

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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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