HITIQ Limited entered into a commercial agreement with Monash University

HITIQ Limited (ASX: HIQ) announced a commercial agreement with Monash University to supply its Nexus head impact sensor technology, which is the industry's best. Revenue from the contract will account for approximately 15% of HITIQ's operating revenues reported for the fiscal year ended 30 June 2022. Sub-elite male and female Australian football players will wear the HITIQ Nexus head impact sensors. Monash University will use the HITIQ head impact sensors in a multi-year, multi-project research program that targets to:

• Quantify head impact exposure in male and female sub-elite Australian football players.
• Develop an artificial intelligence model to translate head impact kinematics into the quantified sports concussion risk.

HITIQ retains the first right of refusal on any intellectual property or commercial products developed from the research program based on HITIQ technology.

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