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HIQ - HitIQ Limited

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HitIQ Limited is an Australian unlisted public company, incorporated in November 2015 for the purpose of building and commercialising its technology platform to assist in the surveillance, detection, assessment and diagnosis of sports related concussion injury.

The Company's market opportunity is to expand its footprint from existing customers to become the primary measurement and collection tool for data related to sports related concussion injuries and to assist in the data collection and assessment of tools for developing assessment protocols and treatment protocols for those injuries.

The Company’s initial focus is on the rapid penetration of the Australian elite sports market through the promotion of its Nexus A9 mouth guard product, before looking to expand its market into other international markets.

Upon listing, the company will have four objectives:

a. Expand the Company’s user footprint from its existing customers and trial-participants to increased revenue generating customers;
b. increase brand awareness through ongoing marketing and promotional programs to grow its customer base;
c. ongoing technology development of its software platform and existing product suite; and
d. continue research, development & validation of its CoVR concussion injury diagnosis system.

It is anticipated that HIQ will list on the ASX during June 2021.

 

Dona Ferentes

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Listing date7 June 2021 #
Company contact details Ph: +61 8 6267 2200
Principal ActivitiesBuilding and commercialising a technology platform to assist in the surveillance, detection, assessment and diagnosis of sports-related concussion injury.
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeHIQ
Capital to be Raised$10,000,000
Expected offer close date21 May 2021
UnderwriterNot underwritten. Shaw and Partners Limited (Lead Manager)
 
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ASX: CAT Market Cap = ~250m AUD

HIQ Market Cap = ~9m AUD (Only 130 million shares on issue)

COLLINGWOOD FOOTBALL CLUB LIMITED are in the Top 20.

Channel 9 Story from a few weeks ago here - https://hitiq.com/insights/hitiq-bupa-smart-mouthguards

Future Price Catalysts

♦Both the AFL and HITIQ look forward to expanding the program for season 2023.

♦The trial with Scotland Rugby is in the final stages and both parties are now discussing post-trial
plans.

♦HITIQ’s smart mouthguard technology is being deployed into the Men’s National and U18s
Programs at the upcoming IIHF Men's World Championships to be hosted in Finland from 13 to 29
May 2022.

♦Initial response to the BUPA campaigns has been positive, with further activities planned over the coming months.
 
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