HitIQ Limited (AU:HIQ) has released an update.
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Despite struggling share prices, HITIQ Limited remains optimistic about its global leadership in concussion management solutions, particularly with its recent compliance with World Rugby standards and successful ConneQt product for remote communities. The company is taking action to become cashflow positive, implementing cost-cutting strategies without compromising its growth potential, including relocation to a more cost-efficient manufacturing space. HITIQ also welcomed new major shareholder Harmil Angel Investments and is poised to deliver more commercial successes in the next fiscal year.
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