Jun25 Quarterly Activities Statement and Appendix 4C

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Stock HITIQ Ltd (HIQ.ASX)
Release Time 30 Jul 2025, 8:43 a.m.
Price Sensitive Yes
 HITIQ Quarterly Activities Report June 2025
Key Points
  • PROTEQT Commercial Launch: Flagship smart mouthguard system launched in consumer market
  • Exclusive Global Shock Doctor Partnership: 5-year exclusive agreement to scale production to 100,000 units by 2026
  • Strategic Grassroots Partnerships Expanded: New multi-year deals with AFL Barwon and South Metro Junior Football League
Full Summary

HITIQ Limited (ASX: HIQ) achieved transformative commercial milestones during the June 2025 quarter, successfully launching its consumer-focused PROTEQT system and establishing infrastructure for global scale. Following a two-year co-development phase, HITIQ signed an exclusive global manufacturing and distribution agreement with Shock Doctor, delivering the first self-fit instrumented mouthguard that integrates HITIQ's proprietary sensor technology. Production is underway for 2025 requirements, with manufacturing capacity scaling to 100,000 units in 2026. HITIQ also secured new multi-year partnerships with AFL Barwon (25,000+ players) and South Metro Junior Football League (10,000+ players), complementing existing agreements with VAFA and Westfield Sports High. This positions HITIQ to capture significant market share in the growing concussion management sector, addressing a critical need through accessible, easy-to-use technology. The company raised $1.9 million through a placement and partially underwritten rights issue to fund consumer market expansion and global manufacturing capacity. An additional $420,000 was drawn from HITIQ's R&D loan facility, and a short-term $500,000 loan was secured from Harmil Angel Investments.

Guidance

HITIQ expects to scale PROTEQT production to 100,000 units by 2026 to meet growing demand in the consumer concussion management market.

Outlook

HITIQ is well-positioned to capture significant market share in the growing concussion management sector, with plans to expand community sports partnerships, develop international markets in the UK and US, and enhance the PROTEQT product offering to drive recurring revenue streams.