HIQ.ASX: Mar25 Quarterly Activities Statement and Appendix 4C

Mar25 Quarterly Activities Statement and Appendix 4C

Stock	HITIQ Ltd (HIQ.ASX)
Release Time	30 Apr 2025, 2:23 p.m.
Price Sensitive	Yes

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HITIQ Quarterly Activities Report March 2025

Key Points

HITIQ shifting focus to consumer market, targeting amateur and community-level athletes
Three-year partnership with VAFA marks key launchpad, driving HITIQ toward cashflow positive future
Jennifer Tucker appointed to Board as Non-Executive Director, bringing senior executive experience

Full Summary

HITIQ Limited (ASX: HIQ), a global leader in concussion management technologies, achieved significant milestones during the March 2025 quarter, reflecting its ongoing growth trajectory and commitment to delivering world-class solutions in the health and performance sector. The period was marked by a focus on the launching of the commercial rollout of PROTEQT, HITIQ's consumer-focused concussion management system. HITIQ finalized a multi-year sponsorship-style agreement with the Victorian Amateur Football Association (VAFA, 15,000 players, aged 16-35) and a marketing agreement with Westfield Sports High (aged 12-18), positioning PROTEQT as a key concussion management solution ahead of its May 2025 launch. HITIQ is also close to finalizing agreements with other community and regional Australian football leagues, as well as rugby league and rugby union organizations, as part of its first-year goal to target a player base of 100,000 athletes aged 12+. Consumer research confirms strong demand for PROTEQT, with feedback praising its seamless integration with existing mouthguard requirements, ease of use, and peace of mind for parents. HITIQ also secured additional funding through a $500,000 loan facility from its major shareholder, Harmil Angel Investments, and a drawdown of $1.020 million under the existing R&D loan facility with Keystone.

Outlook

HITIQ's achievements during the March 2025 quarter reflect the Company's ongoing commitment to innovation, strategic growth, and operational excellence. The focus on the PROTEQT product roll out to grassroots, the strengthening of its leadership team, and the additional funding secured provide a robust foundation for continued success as HITIQ builds its global presence in concussion management and sports health technologies.