Hillcrest Energy Technologies Inc has announced the addition of James Bolen as commercialization consultant.
Bolen will join in the continued development and execution of the company's commercialization strategy, leveraging decades of international experience and relationships across the energy and automotive sectors to drive adoption of Hillcrest's Silicon Carbide High Efficiency Inverter (SiC HEI) technology and additional technologies currently in development.
Vancouver-based Hillcrest said Bolen brings substantial value to the company with more than 30 years of executive-level experience leading innovation teams from concept development to commercial success.
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He is currently co-owner and general manager at Global Power Technologies USA, a global leader in ultra-reliable power systems for remote industrial architecture, where he's served for more than 20-plus years helping to guide the company's growth through various ownership structures.
"We continue to build an impressive team to support the development and commercialization of our HEI and future technologies," said Hillcrest CEO Don Currie in a statement. "James brings proven expertise and rigor to the process of creating value through innovation and has a demonstrated track record of matching technologies to optimal market applications. He will play a vital role in building and executing our commercialization plans."
Bolen added: "I look forward to working with the Hillcrest team to help introduce and advance the potential of the HEI and other Hillcrest technologies. HEI's ability to improve efficiency and increase energy density could prove disruptive and offer a competitive edge across a variety of sectors, including power generation and e-mobility, both areas of focus throughout my career."
Hillcrest noted that the latest test results, announced on November 25, 2021, confirm proof of concept (PoC) for the SiC HEI as the most efficient inverter of its type, with the ability to significantly increase power density and reduce cost, size, and weight for future electric vehicle and other e-mobility powertrains.
The SiC HEI PoC successfully demonstrated its ability to eliminate switching losses and increase switching frequencies without increasing temperatures under continuous operation, greatly reducing overall system losses.
Hillcrest said these results place it at the forefront of inverter technology innovation, as the company is engaging potential partners and finalizing the design specifications for the SiC HEI MVP/commercial prototype, with updates to be provided soon.
Foreseeson EVSE partnership update
Meanwhile, Hillcrest provided an update about its Memorandum of Intent (MOI) with Foreseeson EVSE Technology Inc.
Foreseeson EVSE maintains substantial networks and affiliations in Taiwan and South Korea and is established in the EV charging market and emerging as a growing total EV solutions provider. Hillcrest said that it and Foreseeson EVSE continue negotiations and will provide additional updates as discussions evolve.
"Our conversations with Foreseeon EVSE have morphed over time from a focus on involvement in their EV charging business to now working jointly to leverage their business networks in the commercialization of Hillcrest technologies, such as the HEI," said CEO Currie.
"We appreciate that Foreseeson EVSE sees the value potential in expanding our original discussions. Their extensive global network, along with their current local business operations, presents the potential to more quickly realize value and opportunity for Hillcrest."
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