Hillcrest Energy Technologies Provides Shareholder Update on 2026 Commercialization Plans

Executive Summary

• Hillcrest Energy Technologies closed the final tranche of its private placement, raising approximately $4.4 million in gross proceeds and using $2.8 million to retire debt.
• Pasqua First Nation invested $3 million directly into Hillcrest, reinforcing a strategic Indigenous‑majority partnership aimed at commercializing ZVS power conversion technology across Canada.
• The company granted 7,583,333 restricted share units (RSUs) to executives for 2024‑2025 performance, subject to a four‑month hold period.

Key Details

• Financing: Final tranche of private placement completed; total gross proceeds ≈ $4.4 M; $2.8 M allocated to debt repayment; remaining funds earmarked for ZVS technology development, marketing, working capital, and general corporate purposes.
• Strategic Collaboration: October 2025 agreement with Pasqua First Nation (PFN) and Apeiron Resources to form an Indigenous‑majority entity for marketing, distribution, sales, and potential manufacturing of ZVS products in energy storage, AI data centers, microgrids, and critical infrastructure.
• Pasqua First Nation Investment: Direct cash injection of $3 M into Hillcrest, demonstrating confidence in the technology and business model.
• Commercialization Roadmap 2026:
• ZVS PCS1000 (200 kW, 1 000 V) slated for customer demonstrations in Q2 2026; modular design scalable to ≥ 1.2 MW with N+1 redundancy and hot‑swap capability.
• Anticipated efficiency improvement of 0.5 %, equating to ~500 kW avoided losses in a 100 MW facility.
• Market Opportunity Highlights:
• Canadian clean energy market projected growth from 115 GW (2025) to 149 GW (2030).
• Energy storage capacity expected to rise from 1 GW (2025) to 12‑16 GW (2035), representing > $140 B in investment.
• Federal Clean Economy Investment Tax Credits: up to 30 % refundable for clean‑tech manufacturing through 2034.
• RSU Grant: 7,583,333 RSUs awarded to multiple executives; vesting subject to a four‑month hold per CSE policies; tied to performance in 2024 and 2025.

Notable Quotes

“As we enter 2026, Hillcrest stands at a pivotal inflection point where years of technology development are translating into tangible commercial opportunities across multiple high‑growth sectors,” – Don Currie, CEO, Hillcrest Energy Technologies.

“The strategic investment from Pasqua First Nation reinforces the value of our collaborative approach to commercializing ZVS technology,” – Don Currie, CEO.