
Hillcrest Energy Technologies (OTCQB: HLRTF), a clean technology company developing transformative power conversion technologies, has signed a memorandum of understanding with Hercules Electric Mobility, a company focused on bringing customizable electric mobility products to market.
Terms of the MOU call for both companies to collaborate on a comprehensive project to build, test and potentially commercialize a system that will include the Hillcrest 250-kilowatt, 800-volt inverter, which has been optimized for a Hercules electric powertrain.