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- HITIQ signs a two-year concussion assessment technology agreement with the Premier League, beginning this season
- All 20 league teams and their associated academies will use HITIQ’s CSX technology, as part of the process of assessing head injuries
- Revenue generated under the agreement is expected to represent five to 10 per cent of total operating revenues in FY22, or roughly between $82,500 to $165,000
- All head injury incidents will be digitally recorded within the CSX platform, allowing for the head injury protocols to be administered through a centralised and secure platform
- Shares in HITIQ are down 22 per cent and trading at 3.2 cents nearing market close
HITIQ (HIQ) has signed a two-year concussion assessment technology agreement with the Premier League, beginning this season.
Revenue generated under the agreement is expected to represent five to 10 per cent of the total operating revenue, which the company reported as $1.65 million for FY22.
This means revenue generated would be between $82,500 to $165,000.
Commenting on the agreement with the Premier League, CEO Mike Vegar said it is a “significant milestone” for the company as it entered the largest participated sport in the globe.
“With awareness of concussions in football growing, the Premier League have taken
proactive measures to better manage these incidents through our leading platform,” he said.
“We look forward to working with the Premier League using our best-in-class concussion management technology, as we have done so successfully with other codes.”
The Premier League have selected HITIQ’s CSX technology to cover all 20 league teams and their associated academies which will use the technology as part of the process of assessing head injuries.
As part of the agreement, the technology will be integrated into the League’s existing concussion management systems.
All head injury incidents will be digitally recorded within the CSX platform which will allow for the head injury protocols to be administered through a centralised and secure platform.
The provision of 100 HITIQ Nexus instrumented mouthguards is also included in the agreement. This will be used to quantify and improve the understanding of the head impact forces sustained by players.
Shares in HITIQ were down 22 per cent and trading at 3.2 cents nearing market close.
