HIQ - HitIQ Limited

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.

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.

Click to expand...

Still a very low market cap with the Senate Inquiry into Concussion in Sport concluding in a few weeks (HIQ made a submission and anticipate expedited uptake of new technology as a potential outcome)


Worth keeping on the watch list at these levels.

As per the recent roadshow presentation in Melbourne:

♦ HIQ have the deepest and broadest data set in the world.

♦ Collected almost 500,000 head impacts–around the globe–across multiple sports.

♦ Shock Doctor make 10 million mouthguard units per year. HIQ are in the late stages of building an over-the-counter product with them.

♦ Shock Doctor handling the manufacturing and distribution load through their existing network, with HIQ handling the technology and the data load.

PS: Please note, subsequent to this update, on 1 August 2023, the Senate granted an extension of time for reporting until 5 September 2023.

"HITIQ’s industry leading concussion management platform (CSX) will be mandated for use in the AFL and AFLW and offered for use within the VFL and VFLW competitions."