- Hillcrest announces AGM results; all seven members of Board of Directors are re-elected while new board chair David Farrell is appointed
- Company exits fossil-fuel business and completes transition to clean tech market where it continues to develop inverter technology empowering next generation of more efficient and powerful electric vehicles
- Hillcrest reaches key milestone as it completes proof of concept testing of its inverter technology, with the commercial prototype soon to be available in Q4 2022
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA), a Canadian cleantech company developing technologies for innovative electrical solutions such as powertrains and grid-connected renewable energy systems, has announced the voting results from its Annual General Meeting held Wednesday, June 29, 2022. The Board of Directors and Management received extraordinary support from shareholders, who overwhelmingly voted in favor of the proposed items, including the composition of the Company’s leadership. Hillcrest also announced the completion of its transition toward clean energy technologies by formally announcing the end of its oilfield activities (https://ibn.fm/pRIUD).
All seven of Hillcrest’s Board members have been re-elected, with a new Chair, David Farrell, heading the team as the previous Executive Chair, Michael Krzus, stepped down after having served for the past seven years. Mr. Farrell, who has also served on the Hillcrest Board for the past year, brings to the team more than 25 years of corporate and investment banking experience, working with a number of…
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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