Announcement • May 28
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 1.2 million in funding Hillcrest Energy Technologies Ltd. announces a non-brokered private placement to issue 8,000,000 units of the Company at an issue price of CAD 0.15 per Unit, for gross proceeds of up to CAD 1,200,000 on May 27, 2026. Each Unit will consist of one common share in the capital of the Company and one Share purchase warrant. Each Warrant will entitle the holder to purchase an additional Share at a price of CAD 0.20 per Warrant Share for a period of 24 months following the date of issuance of the Warrant. The securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Offering and the issuance of the Shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the Exchange. Announcement • Apr 24
Hillcrest Energy Technologies Finalizes A-Sample Design of Zvs Pcs1000 Sidecar Power Unit for Next-Generation Ai Data Centers Hillcrest Energy Technologies Ltd. has finalized the A-Sample design of its ZVS PCS1000 Grid Power Conversion System, a purpose-built 250 kW, 800V DC sidecar rectifier module developed for next-generation AI data center infrastructure. The A-Sample design finalization is a key engineering milestone, confirming the product architecture, form factor, and performance specifications ahead of the prototype demonstration program planned to begin in June 2026. The ZVS PCS1000 A-Sample has been designed in a 19", 4 rack unit (4RU) form factor supporting both liquid cooling and forced air, targeting 250 kW maximum continuous power output at 800V DC, with a modular architecture supporting scalability from 200 kW to 1,200 kW or greater through parallel units. The design incorporates N+1 redundancy with 25% extra capacity and hot-swap capability intended to support 24/7 operational availability in mission-critical AI compute environments. The ZVS PCS1000 is designed to align with the Open Compute Project (OCP) 800V data center sidecar power architecture, converting 400/480V AC grid power to 800V DC for direct distribution to IT racks at up to 1,500A. The OCP sidecar power architecture is defined in the Mt. Diablo specification, published by the Open Compute Project Foundation in October 2025. The ZVS PCS1000 incorporates grid fault ride-through (FRT) capability, enabling the power conversion system to remain electrically connected during short-duration voltage and frequency disturbances. Without FRT, such grid events can lead to cascading load disconnections and subsequent system instability. By integrating FRT, the ZVS PCS1000 helps stabilize grid behavior by maintaining electrical coupling and ensuring smooth power transitions during transient conditions. The ZVS PCS1000 A-Sample design targets 200–250 kW in a 19" form factor, which the Company believes provides a high-power density solution with the potential to reduce the total number of modules required per sidecar deployment and lower overall system cost. The PCS1000’s performance targets are based on Hillcrest’s proprietary Zero Voltage Switching (ZVS) topology, which the Company believes offers the following design advantages versus conventional hard-switched converters: Hillcrest’s ZVS topology eliminates switching losses by ensuring power transistors transition at zero voltage. The ZVS PCS1000 A-Sample design targets peak conversion efficiency exceeding 99% — compared to the 98% typical of hard-switched designs. Hillcrest’s ZVS technology has been independently validated through testing completed at facilities of global automotive OEMs and suppliers. Those tests confirmed 99.7% peak inverter stage efficiency, with greater than 99% efficiency maintained across 90% of the full operating range — results first publicly disclosed in the Company’s December 16, 2024, news release. The PCS1000 is built on the same underlying ZVS platform validated in those tests. Hillcrest’s ZVS technology produces significantly lower dV/dt than hard-switched designs, as first publicly disclosed in the Company’s March 4, 2024, news release. Certified lab radiated EMI testing of the ZVS switching stage, conducted without any EMI filter in place, showed radiated emissions below applicable pass limits. These results demonstrate the intrinsic EMI advantage of the ZVS topology and are expected to reduce filter complexity and cost in the ZVS PCS1000 A-Sample design. Lower switching losses are expected to reduce junction temperatures and thermal cycling in power semiconductors, supporting simplified cooling architecture and reduced thermal stress on power semiconductor components. The ZVS PCS1000 design operates at 48 kHz — approximately four times the practical ceiling of thermally-limited hard-switched designs — which is expected to reduce passive component size by up to 50% and contribute to its power density in the 19” form factor. The ZVS PCS1000 prototype remains on track, with customer and partner demonstrations being scheduled starting in June 2026 at Hillcrest’s facility in Vancouver, British Columbia and at Systematec GmbH’s facility in Germany. The Company is currently in active discussions with several parties across the data center, energy storage, and grid-connected applications markets regarding demonstration opportunities. There is no assurance that these discussions will result in commercial agreements. Announcement • Apr 07
Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 24, 2026 Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 24, 2026. Announcement • Jan 02
Hillcrest Completes Technology Evaluation Project with Global Tier 1 Automotive Supplier Hillcrest Energy Technologies announced the successful completion of Phase 1 of its technology evaluation project with a global Tier 1 automotive supplier. The project successfully demonstrates the technical feasibility of converting the supplier's half-bridge power modules to enable Zero Voltage Switching (ZVS) operation for next-generation electric vehicle (EV) inverter applications. ZVS Evaluation Complete. The global Tier 1 automotive supplier involved in this evaluation is consistently ranked among the top 15 largest by revenue and is a recognized leader in automotive electrification. Specializing in critical power electronics components including inverters for electric vehicles, the supplier serves major automotive manufacturers worldwide and provided an optimal validation framework for this ZVS technology integration project. In March 2025, Hillcrest announced the commencement of this project, with the Phase 1 objective being to develop the conversion of the supplier's half-bridge Power modules to enable ZVS operation, with the aim of assessing the potential efficiency and performance of Hillcrest's technology on the Tier One Supplier's inverter architecture. Hillcrest successfully completed all requirements of the Phase 1 project and demonstrated technical viability through baseline measurements, hardware design, production and assembly of prototypes, double pulse testing, and final hardware delivery. The Open Compute Project, supported by major technology leaders including Meta, Microsoft, Intel and NVIDIA, is standardizing 800V DC distribution to handle AI workload power densities that are reshaping facility requirements. Traditional data center power architectures face significant limitations as AI computing demands escalate. Conventional systems route power through multiple conversion stages-introducing substantial inefficiencies where each conversion stage generates heat and consumes valuable space. The ZVS PCS1000 addresses these challenges through streamlined 800V DC architecture that eliminates intermediate conversion stages, with power flowing directly from medium voltage grid to 800V DC through the ZVS PCS1000, then through isolated DC-DC converters to computing loads. This modular scalability allows data center operators to match power infrastructure precisely to computing requirements while maintaining flexibility to expand capacity as AI workload demands grow. The Company recently released a white paper quantifying component-level advantages enabled by ZVS technology. ZVS-optimized inductors demonstrate cost reductions of up to 75% compared to conventional designs, with weight reductions of up to 4x and volume reductions of up to 3.3x. In data center applications where space commands premium value, these reductions translate to measurable capital savings and enable more flexible facility layouts. The Company is establishing strategic partnerships to accelerate these grid-connected applications, including advanced discussions with Pasqua First Nation and Apeiron Resources Ltd. regarding Canadian manufacturing and commercialization of ZVS grid inverter products. The partnership structure is expected to emphasize meaningful economic participation, energy sovereignty, and community ownership, with target markets spanning energy storage systems, AI data centers, industrial applications as well as remote microgrids. Value Creation Through Strategic Prioritization. Hillcrest's strategic approach focuses resources on opportunities offering the highest probability of near-term commercial success and substantial value creation. In automotive applications, this means prioritizing licensing and partnership discussions with parties demonstrating strong commercial commitment and clear paths to technology deployment. In grid-connected applications, this means focusing product development and customer engagement on markets where ZVS technology delivers quantifiable economic advantages and where customer needs align with the Company's technical capabilities and development timeline. Announcement • Apr 01
Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 06, 2025 Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 06, 2025. Announcement • Mar 12
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 4.25 million in funding Hillcrest Energy Technologies Ltd. announced a non-brokered private placement that it will issue up to 25,000,000 units of the company at an issue price of CAD 0.17 per unit for the gross proceeds of up to CAD 4,250,000 On March 11, 2025. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of CAD 0.25 per warrant share for a period of 12 months following the date of issuance of the warrant. No finders' fees are expected to be paid as part of this private placement. All securities issued in connection with the private placement are subject to a statutory hold period of four months and one day following the date of issuance, in accordance with applicable Canadian securities laws. Announcement • Mar 05
Hillcrest Energy Technologies Ltd. announced that it has received CAD 2.606748 million in funding On March 4, 2025, Hillcrest Energy Technologies Ltd. closed the transaction. The company issued unsecured convertible debentures
with a principal amount of CAD 663,923.17 for gross proceeds CAD 663,923.17 in its second and final tranche. The total Private Placement, inclusive of all tranches, resulted in the Company issuing Debentures with a principal amount of CAD 2,606,748.17. Certain insiders of the Company participated in the Final Tranche for Debentures with an aggregate principal amount of CAD 129,339.92, of which Debentures with a principal amount of CAD 117,339.92 were issued in the settlement of existing debt. Announcement • Jan 16
Hillcrest Energy Technologies Announces Stepped Down of Ari Berger as Chief Technology Officer Hillcrest Energy Technologies announced Ari Berger has stepped down as chief technology officer, effective January 10, 2025, to allow new senior engineering talent to assume responsibility for the next phase of product development. Announcement • Jun 05
Hillcrest Energy Technologies Ltd. announced that it has received CAD 0.8825 million in funding On June 4, 2024, Hillcrest Energy Technologies Ltd. closed the transaction. The company issued 3,530,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 882,500. In connection with closing of the Offering, the Company issued 36,000 non-transferable Share purchase warrants to an arm's length service provider, with each Compensation Warrant exercisable into a Share at a price of CAD 0.30 per Compensation Share for a period of 36 months from the Closing Date. In connection with the Offering, one subscriber sold an aggregate of 600,000 Shares and used the proceeds to facilitate their participation in the Offering. Announcement • May 28
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 0.75 million in funding Hillcrest Energy Technologies Ltd. announced a non-brokered private placement of up to an aggregate of 3,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 750,000 on May 27, 2024. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.30 per common share for a period of 36 months from the date of issuance. The company may pay finders fees to eligible finders for services in connection with the offering in cash and/or finder's warrants exercisable into Units on the same terms as the Units distributed in the offering, in accordance with the policies of the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Announcement • May 01
Hillcrest Energy Technologies Ltd. announced that it has received CAD 3.2185 million in funding On April 30, 2024, Hillcrest Energy Technologies Ltd., closed the transaction. The company issued 6,762,000 units of the company at a price of CAD 0.25 per unit for the gross proceeds of CAD 1,690,500 in its third and final tranche closing. The total placement size, cumulative of all tranches, was 12,874,000 Units for gross proceeds of CAD 3,218,500. As a part of the tranche, the company paid commissions and finders fees in the amount of CAD 630 in cash finder's fees and issued an aggregate of 2,520 share purchase warrant. Announcement • Mar 20
Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 05, 2024 Hillcrest Energy Technologies Ltd., Annual General Meeting, Jun 05, 2024. Announcement • Feb 01
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 2 million in funding Hillcrest Energy Technologies announced a non-brokered private placement of up to an aggregate of 8,000,000 units at an issue price of CAD 0.25 per unit for the gross proceeds of CAD 2,000,000 on January 31, 2024. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share at a price of CAD 0.30 per Common Share for a period of 36 months following the distribution of the Warrant. The Company may pay finders fees to eligible finders for services in connection with the Offering in cash or warrants exercisable into Units on the same terms as the Units distributed pursuant to the Equity Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Announcement • Jan 18
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 5 million in funding Hillcrest Energy Technologies Ltd. announced that it has entered into a purchase agreement with a third-party investor for private placement of units for gross proceeds of up to CAD 5,000,000 on January 17, 2024. The company will raise funding through equity line. Each unit consisting of one common share and one-half of one common share purchase warrant. All drawdown warrants issued as part of the units will be exercisable at an exercise price equal to the greater of 125% of the issue price, and the minimum exercise price permitted by policies of the CSE and will be exercisable for a period of three years from the date of issuance. The company shall pay the investor a commitment fee equal to 2.5% of the total capital of the company committed, payable in cash or common shares in the capital of the company at a deemed price of CAD 0.30 per share, at the election of the company. The parties to the equity facility expect to close the first drawdown by the end of the month. All securities issued pursuant to the equity facility will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Announcement • Sep 12
Hillcrest Energy Technologies Ltd. announced that it expects to receive CAD 9.25 million in funding Hillcrest Energy Technologies Ltd. announced best efforts brokered private placement to issue 10,000,000 units at an issue price of CAD 5,000,000 and non-brokered private placement to issue 8,500,000 Units at an issue price of CAD 0.50 for the gross proceeds of CAD 4,250,000; aggregate gross proceeds of CAD 9,250,000 on September 11, 2023.
Best Efforts - Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.60 for a period of 24 months from the date of issuance. At the closing of the Offering, the Company will pay the Agents commission equal to 7% of the gross proceeds of the Offering, payable in cash or Units, or any combination of cash or Units and issue the Agents non-transferable broker warrants equal to 7% of the aggregate number of Units issued by the Company under the Offering, each of which will entitle the holder thereof to acquire one Common Share at the Issue Price or such higher price as may be required by the policies of the Canadian Securities Exchange for a period of 24 months from the date of issuance.
Non-Brokered Placement - There is no minimum Concurrent NBPP and closing of the Offering is not conditional upon the closing of the Concurrent NBPP. The closing of the Concurrent NBPP may take place in one or more tranches as determined by the Company. As consideration for its services, the Company will pay Canaccord a fee equal to 1% of the gross proceeds of the Concurrent NBPP, payable in cash or Units, or any combination of cash or Units, at the option of Canaccord, and issue Canaccord non-transferable advisor warrants equal to 1% of the aggregate number of Units issued by the Company under the Concurrent NBPP, each of which will entitle the holder thereof to acquire one Common Share at the Issue Price for a period of 24 months from the date of issuance. All securities issued in connection with the Concurrent NBPP will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The Offering is expected to close on or around September 26, 2023, or such other date as the Company
and the Agents may agree. Announcement • Jun 15
Hillcrest Completes Design of EV ZVS-Enabled Power Module Hillcrest Energy Technologies announced the completion of the design phase for the industry's first silicon carbide (SiC) power module optimized for Hillcrest's proprietary Zero Voltage Switching (ZVS) technology. Hillcrest's ZVS power modules are being developed in collaboration with the Company's strategic partner, Systematec GmbH, with Hillcrest retaining all intellectual property. Power modules are a critical component in all high energy-density power conversion equipment, such as automotive traction inverters. They consist of a substrate containing power semiconductor devices (silicon carbide dies), connected to form a circuit that provides excellent electrical and thermal contact and insulation. The Hillcrest SiC traction inverter harnesses the power of the Company's proprietary ZVS technology platform. Extensive lab tests and simulations have showcased substantial improvements in system-level efficiency, performance, and reliability for electric systems such as electric vehicles and stationary energy generation and energy storage systems. Announcement • Jun 07
Hillcrest Energy Technologies Names Bal Bhullar as a Strategic Advisor Hillcrest Energy Technologies Ltd. has made another key addition bringing on Bal Bhullar as a strategic advisor. Proactive Bhuller brings to the company more than 25 years of diversified business and investment banking experience. Bhuller has also held executive and board positions in both public and private companiesacross a number of sectors including automotive, technology, manufacturing, and energy. Announcement • May 31
Hillcrest Energy Technologies Confirms Successful Demo with European Automotive OEM Hillcrest Energy Technologies provided an update to shareholders. Dynamic Load Bench Demonstration Success. Hillcrest announced 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. 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. Global Tier One Supplier Development Program. 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. Announcement • May 17
Hillcrest Energy Technologies Ltd. announced that it has received CAD 2.013 million in funding On May 15, 2023, Hillcrest Energy Technologies Ltd. closed the third and final tranche, issuing a total of 25,162,500 units of the Company at a price of $0.08 per Unit for gross proceeds of CAD 2,013,000. The Third Tranche consisted of the sale of 10,875,000 Units for gross proceeds of CAD 870,000.00. Each Unit consists of one common share and one share purchase warrant. Each Warrant is exercisable for an additional common share of the Company at a price of CAD 0.15 per share for a period of two years. In connection with the Offering, the Company issued 6,000,000 Units to Donald Currie. All securities issued in connection with the Offering will be subject to a four month and one day hold period. The transaction was oversubscribed. Announcement • Jan 14
Hillcrest Energy Technologies Ltd. announced that it has received CAD 2.738 million in funding On January 13, 2023, Hillcrest Energy Technologies Ltd. closed the transaction. The company issued 10,650,000 units at an issue price of CAD 0.12 in its second tranche. The subscribers to the Offering include two directors and an officer who subscribed for an aggregate of 1,506,667 Units. Additionally, two directors and one officer of the Company hold an aggregate of 1,350,000 common share purchase warrants, whose expiry date was extended with other common share purchase warrants.