“This acquisition solidifies our foothold in the clean tech software space, giving us a foundation on which to build value and grow,” said Hillcrest CEO, Don Currie. Berger will advance Hillcrest’s core capabilities by: aggressively developing and accumulating high-value IP solutions recruiting specialist engineers to build out the internal technical team and forming value-add partnerships to establish greater collaboration and commercialization opportunities. Ari Berger, ANIGO’s founder, has joined Hillcrest’s executive team as Chief Technology Officer and will lead Hillcrest’s technology research, development and deployment efforts. Under the terms of the agreement, ANIGO, including the software IP developed and owned by the ANIGO, becomes a wholly owned subsidiary of Hillcrest. This software IP, specifically designed for use with electric motors, electric generators and other integrated power systems, has the potential to greatly enhance the performance of any application requiring precise control of rotating electric machines. (“ANIGO”), a privately-owned engineering product development company and developer of proven electric machine control software IP. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HI.F) (“Hillcrest” or the “Company”), today announced the acquisition of ANIGO Technologies Inc.
VANCOUVER, B.C., Ap– Hillcrest Petroleum Ltd.
