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HitIQ Limited ( (AU:HIQ) ) just unveiled an announcement.
HITIQ Limited has announced its strategic entry into the North American market through a partnership with Rick Shultz, who will serve as the exclusive distributor for PROTEQT™ mouthguards in Canada and hold non-exclusive rights in the United States. This move leverages Shultz’s extensive connections within the Canadian hockey ecosystem, aiming to capitalize on the country’s substantial hockey market, which is the second-largest globally. The partnership is expected to generate immediate revenue and support long-term growth, with a focus on both institutional and consumer channels to address the full spectrum of the market. The strategy underscores HITIQ’s commitment to expanding its presence in North America and meeting the growing demand for concussion management technology.
More about HitIQ Limited
HITIQ Limited operates in the sports technology industry, focusing on advanced concussion management solutions. The company is known for its PROTEQT™ branded instrumented mouthguards, which are designed to enhance athlete safety and concussion prevention in contact sports.
Average Trading Volume: 609,455
Technical Sentiment Signal: Sell
Current Market Cap: A$9.75M
Learn more about HIQ stock on TipRanks’ Stock Analysis page.