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Hillcrest Petroleum rebranding as Hillcrest Energy Technologies as it transitions from fossil fuels to clean tech innovation and IP development

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Hillcrest Petroleum Ltd (CSE:HEAT) (OTCMKTS:HLRTF) (FRA:7HI.F) has announced its rebranding as Hillcrest Energy Technologies Ltd, choosing an identity more representative of its dedication to transitioning from fossil fuel production to clean tech innovation and intellectual property (IP) development. 

Meanwhile, CEO Don Currie announced the appointment of industry veteran Kylie Dickson to the board of directors. 

“Hillcrest is committed to driving positive innovation on all fronts, and it is important that our brand refresh also carries this message,” Currie said. “Building shareholder value by owning, developing and optimizing clean energy technologies is an absolute priority, but the team is equally focused on creating a sustainable business environment that embraces important industry and societal shifts occurring around the world.” 

READ: Hillcrest Petroleum begins trading on the Canadian Securities Exchange under its new symbol ‘HEAT’

Hillcrest said Director Dickson is expected to contribute her experience and knowledge through participation in areas such as the audit and corporate governance committees. She is a Canadian Chartered Professional Accountant, who has worked with companies throughout growth lifecycles playing a pivotal role in multiple financings and M&A transactions. 

Dickson currently serves on the boards of Fortuna Silver Mines Inc and Star Royalties Ltd. Prior to this, she served as vice president (VP) of business development at Equinox Gold Corp and before that VP of business development at Trek Mining. Dickson previously worked as CFO for JDL Gold Corp, Anthem United Inc, and Esperanza Resources, and served as the corporate controller of Minefinders Corporation.

“Kylie’s industry experience is a great complement to our Board´s capabilities, and her enthusiasm for environmental, social and governance (ESG) matters connects well with upcoming initiatives. ESG efforts and other non-financial indicators are key focuses and a reflection of what we promote internally,” Currie added.

Earlier this week, the company announced the acquisition of ANIGO Technologies Inc, an engineering product development company and developer of proven electric machine control software specifically designed for use with electric motors, electric generators, and other integrated power systems. 

Hillcrest said it will continue to target additional strategic partnerships that can scale quickly and align with the company’s interests.

The company has also granted incentive stock options to certain directors, officers, consultants, and employees to purchase up to 10.7 million common shares. The options are exercisable on or before April 8, 2026, at $0.24 per share.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/946171/hillcrest-petroleum-rebranding-as-hillcrest-energy-technologies-as-it-transitions-from-fossil-fuels-to-clean-tech-innovation-and-ip-development-946171.html


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