HITIQ Limited announced a commercial agreement with Monash University to supply HITIQ's class leading Nexus head impact sensor technology. Revenue to be generated under the agreement represents approximately 15% of HITIQ's operating revenues reported for the year ended 30 June 2022. Impactful Research Monash University has purchased 200 HITIQ Nexus head impact sensors.

The HITIQ Nexus head impact sensors will be worn by sub-elite male and female Australian football players. Monash University will utilise the HITIQ head impact sensors in a multi-year, multi project research program that aims to: Quantify head impact exposure in male and female sub-elite Australian football players; Examine the relationship between impact exposure and blood biomarkers of Neuropathology; Develop an artificial intelligence model to translate head impact kinematics into quantified risk of sports concussion; and Assess the association between head impact exposure and changes in brain white matter integrity. HITIQ retains exclusive first rights of refusal on any IP or commercial products developed out of the research program that are derived from the HITIQ technology.