Hillcrest Energy Technologies (CSE: HEAT) (OTC: HLRTF) Stock Surges After Commercial Agreements
On Tuesday, Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) came into focus after it came up with a significant new update. That led to positive action on the stock, which ended up with gains of 7% for the day.
Hillcrest Energy Technologies Advances Toward Commercial Agreements and Expands European Demonstration Efforts
The company sent out a new release yesterday in which it dwelled on its continued efforts that led to significant advancements and strategic moves to emerge as the leader in the high-growth electric vehicles and renewable energy spaces.
It was noted that Hillcrest Energy Technologies’ ZVS technology was a major step forward in advancing power conversion capacities. Some of the recent advancements that had been made were deemed to have been critical in driving further adoption across a range of important industries.
Further Details
Hillcrest Energy Technologies also announced that it was moving forward fruitfully in discussion with some of the major automakers and first-grade suppliers. That had been made possible owing to the rising interest in its ZVS technology within the industry.
In fact, it was revealed that some possible deals were in the concluding stages, and the company’s strategic collaborations in the European market had been pivotal in laying the foundations for the potential partnerships. The company expressed confidence that the discussions would eventually result in major commercial deals.
CEO Quote
“We believe we are on the verge of a major breakthrough, with our first commercial agreement potentially nearing fruition,” said CEO Don Currie. “Several potential deals are in the advanced stages, and our recent demonstrations and strategic collaborations, especially in Europe, are paving the way for formal partnerships. We are confident these ongoing discussions will soon translate into significant commercial transactions, driving long-term growth for Hillcrest.”
Technicals
| +/- EMA(20) | 0.16 (-17.50%) |
| +/- SMA(50) | 0.19 (-30.53%) |
| +/- SMA(200) | 0.2 (-34.00%) |
| 5-Day Perf. | -18.47% |
| 1-Month Perf. | -29.79% |
| 3-Month Perf. | -40% |
| 6-Month Perf. | -26.67% |
| YTD Perf. | -34.36% |
| 1-Year Perf. | -54.84% |
| RSI(14) | 31.36 |
| ATR(14) | 0.02 |
| ADX(14) | 18.55 |
