HITIQ Secures Victorian Government Grant to Support Expansion Strategy
HITIQ Limited (ASX: HIQ) has executed a non-dilutive funding agreement with the Victorian Government to strengthen its manufacturing, research, and operational footprint in Victoria. The grant, valued between AU$250,000 and AU$1.5 million, will support a broader project with a minimum investment commitment of AU$4.9 million by the company.
The funding is expected to assist HITIQ in expanding advanced manufacturing capabilities, increasing production of its integrated charger and data transfer systems, and investing in new equipment and tooling. The initiative will also support software and hardware development, drive domestic and international sales growth, and reinforce Victoria as the company’s headquarters and R&D hub. Additionally, the agreement is anticipated to contribute to local employment creation and long-term operational continuity in the region.
Management highlighted that the grant reflects confidence in HITIQ’s technology platform and growth strategy as the company continues expanding its athlete safety and concussion management solutions globally.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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HITIQ Secures Victorian Government Grant to Support Expansion Strategy
HITIQ Limited (ASX: HIQ) has executed a non-dilutive funding agreement with the Victorian Government to strengthen its manufacturing, research, and operational footprint in Victoria. The grant, valued between AU$250,000 and AU$1.5 million, will support a broader project with a minimum investment commitment of AU$4.9 million by the company.
The funding is expected to assist HITIQ in expanding advanced manufacturing capabilities, increasing production of its integrated charger and data transfer systems, and investing in new equipment and tooling. The initiative will also support software and hardware development, drive domestic and international sales growth, and reinforce Victoria as the company’s headquarters and R&D hub. Additionally, the agreement is anticipated to contribute to local employment creation and long-term operational continuity in the region.
Management highlighted that the grant reflects confidence in HITIQ’s technology platform and growth strategy as the company continues expanding its athlete safety and concussion management solutions globally.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au