{"id":383884,"date":"2020-11-18T08:03:24","date_gmt":"2020-11-18T13:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383884"},"modified":"2020-11-18T08:03:24","modified_gmt":"2020-11-18T13:03:24","slug":"ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/","title":{"rendered":"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VANCOUVER, British Columbia, Nov.  18, 2020  (GLOBE NEWSWIRE) &#8212; Extreme Vehicle Battery Technologies Corp. (the \u201c<strong>Company<\/strong>\u201d or \u201c<strong>EV Battery Tech<\/strong>\u201d) (CSE: <strong>ACDC<\/strong>) is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (\u201c<strong>Hillcrest<\/strong>\u201d). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (<strong>EV<\/strong>) and energy storage solutions (<strong>ESS<\/strong>) markets.\u00a0<\/p>\n<p align=\"justify\">Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential communities, electrical equipment manufacturers and industries where energy efficiency and energy storage solutions are fundamental to achieving carbon neutrality and energy self-sufficiency. The parties hope to enter into a definitive agreement respecting the proposed joint venture by the end of 2020.<\/p>\n<p align=\"justify\">Hillcrest\u2019s motor and generator control system technology provides system components complimentary to EV Battery Tech\u2019s battery management systems (BMS) and ESS technology. Specifically, the components could be used for controlling and optimizing electricity generation and storage as part of optimized power systems to effectively generate, store and deploy clean power from renewable sources to a potential multitude of uses. Potential commercial users of these systems include residential and business communities, companies that manufacture renewable energy generation equipment, EVs and the Company\u2019s proprietary smart charging stations.<\/p>\n<p align=\"justify\">\u201cAligning and combining our technologies, opportunities and abilities of both companies will result in robust, leading edge, clean energy propositions targeting rapidly developing markets for renewable energy systems,\u201d commented Don Currie, CEO of Hillcrest.<\/p>\n<p align=\"justify\">Bryson Goodwin, President and CEO of the Company comments: \u201cOur recent EcoVille news release highlights our commitment to create some of the worlds most eco-friendly ESS solutions enabling buildings to source power from renewable sources and deploy energy reliably throughout the day.\u00a0 The EcoVille ESS solutions will be powered by the Company\u2019s patented Battery Management System (BMS) which has revolutionary features such as real-time monitoring and remote maintenance. Our signed letter of intent with Hillcrest represents a potential marriage of two fundamentally compatible and synergistic technologies. Hillcrest offers a system which, when combined with our proprietary technology, may give a competitive edge to both parties\u2019 ESS and variable power consumption solutions. The world is transitioning to \u201cSmart\u201d effective green solutions and ACDC is proud to be at the forefront in these developments.\u201d<\/p>\n<p align=\"justify\">On behalf of the Company,<\/p>\n<p align=\"justify\">Bryson Goodwin, Chief Executive Officer<\/p>\n<p align=\"justify\">Phone: 604-325-2223<br \/>Email: <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2oimq7o1Yt1PRby0sAHVAoRhZfNnK8U_5bJOq81AaK9cx0iLdJykTn1EQIaKSSoMFJkq9r1ai6Q3xW4b95Xdo7d_zqQvM02lkPoYtUZQOBI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@evbattery.tech<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cGRFZbVHlMMxAk-b9x8wgYZcVlR7HChiYQmM0qjE7Wps8hkuoTEAwG5PGkpfUr6M\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a><\/u><br \/>Further information about the Company is available under its profile on the SEDAR website (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W3tE2THfTS95QcKukUrC40JqCViu4i0kIvEug_2GXf0qAmHJf2NH6B2ue0W5clSbFPfVc5lnKJduBQXW7bg_9g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sedar.com<\/u><\/a>) and on its website (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nRC80YXhvmvzq20B4m0rov3D0fG22e5dNtcl425YJOx14PCAelqvlK83DBR6vM3PmkKeHxT4cByuAi7A4lDlTooQ9b-_W-A9e9YdJ8uyOUc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.evbattery.tech<\/u><\/a>).<\/p>\n<p align=\"justify\">\n        <em>The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. <\/em>\n      <\/p>\n<p>\n        <strong>About EV Battery Technologies<\/strong>\n      <\/p>\n<p align=\"justify\">EV Battery Tech is a blockchain and battery technology company with exclusive North and South American distribution rights as well as European and African distribution rights to patented battery management systems (BMS) designed to meet the growing demand for scalable, smart solutions for the electric vehicle (EV) and energy storage solution (ESS) markets.<\/p>\n<p align=\"justify\">EV Battery Tech\u2019s technology is based on artificial intelligence (AI) algorithms designed to analyze the short comings of batteries in today\u2019s market.\u00a0 The resulting extraordinary technology allows batteries to have more efficient power management and longer battery life, while offering real-time monitoring and remote maintenance.<\/p>\n<p align=\"justify\">The Company\u2019s AI technology will also allow it to use recycled batteries in its ESS manufacturing process, making it one of the greenest battery technology companies in the industry.<\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">The information in this news release includes certain information and statements about management\u2019s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward looking statements in this news release include, but are not limited to, statements relating to: the Company\u2019s letter of intent with Hillcrest; execution of a definitive agreement with Hillcrest; and the planned benefits and synergies to be achieved from the proposed joint venture with Hillcrest. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODIxOSMzODMzMDgwIzUwMDA3NTM0OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e3321298-558c-4945-ae64-16d8a6e0e106\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Extreme Vehicle Battery Technologies Corp. (the \u201cCompany\u201d or \u201cEV Battery Tech\u201d) (CSE: ACDC) is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (\u201cHillcrest\u201d). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets.\u00a0 Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383884","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Extreme Vehicle Battery Technologies Corp. (the \u201cCompany\u201d or \u201cEV Battery Tech\u201d) (CSE: ACDC) is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (\u201cHillcrest\u201d). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets.\u00a0 Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential &hellip; Continue reading &quot;EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T13:03:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODIxOSMzODMzMDgwIzUwMDA3NTM0OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy\",\"datePublished\":\"2020-11-18T13:03:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/\"},\"wordCount\":787,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4ODIxOSMzODMzMDgwIzUwMDA3NTM0OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\\\/\",\"name\":\"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy - 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(the \u201cCompany\u201d or \u201cEV Battery Tech\u201d) (CSE: ACDC) is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (\u201cHillcrest\u201d). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets.\u00a0 Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential &hellip; Continue reading \"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-18T13:03:24+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODIxOSMzODMzMDgwIzUwMDA3NTM0OA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy","datePublished":"2020-11-18T13:03:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/"},"wordCount":787,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODIxOSMzODMzMDgwIzUwMDA3NTM0OA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ev-battery-tech-signs-letter-of-intent-to-develop-ess-solutions-for-renewable-energy\/","name":"EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy - 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