HIQ.ASX: Victorian Government Non-Dilutive Funding Grant Agreement

Victorian Government Non-Dilutive Funding Grant Agreement

Stock	HITIQ Ltd (HIQ.ASX)
Release Time	22 May 2026, 9:10 a.m.
Price Sensitive	Yes

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HITIQ Executes Grant Agreement with Victorian Government

Key Points

HITIQ executed a grant agreement with the Victorian Government
Grant supports retention and expansion of headquarters and R&D
Grant value range is $250,000 to $1.5 million
Agreement term is until completion or July 2031
Supports advanced manufacturing, product innovation, and employment growth

Full Summary

HITIQ Limited (ASX: HIQ) has executed a Grant Agreement with the Victorian Government, providing non-dilutive funding to support the company's retention and expansion of its headquarters, manufacturing capability, and research and development (R&D) operations in Victoria. The grant value ranges from $250,000 to $1.5 million, with a minimum project cost to HITIQ of $4.9 million. The agreement aims to expand advanced manufacturing, scale production, invest in equipment, strengthen R&D, and support local and international sales expansion. HITIQ has committed to measurable objectives to receive the grant funding, and the agreement is valid until the completion of objectives or July 31, 2031.