Concussion management technology company HITIQ (ASX:HIQ) reports it has been awarded a commercial agreement with the University of Canterbury in New Zealand.
The company says it has been awarded the contract to supply its Nexus head impact sensor technology for research purposes. The agreement is reported to include a 12-month software licence and provision of 70 Nexus units to the University of Canterbury.
Adding on, HITIQ notes that as with the recently announced agreement with Deakin University, the overall financial impact of this new additional contract is not considered material to the company, and that it is pleased that its technology continues to be the choice for such research.
Speaking on the agreement, HITIQ Chief Executive Officer (CEO) Mike Vegar says: “HITIQ is delighted that our technology is being utilised in yet another study that aims to progress the safety of contact sports. Choosing the right technology is a critical step in ensuring the integrity of the broader research aims is met.
“HITIQ is delighted that our technology is being utilised in yet another study that aims to progress the safety of contact sports”
As significant amounts of funding are allocated to research institutions globally supporting the advance of the scientific knowledge base within this important thematic, the demand for HITIQ’s world class technology to deliver objective data will grow. Current database statistics across the HITIQ platforms number +50 million data points. This represents a database which we believe to be world leading.”
The company also notes the research being undertaken by the University of Canterbury will seek to assess the relationship between head impacts and cognition in youth rugby union. It is reported the study is being conducted on youth male and female rugby players, and that the HITIQ impact sensor data represents the crux of the research due to its ‘significant’ insight into head impact characteristics.
In addition, the rugby players will reportedly undergo cognition and MRI screening pre and post season as well as after a diagnosed concussion.
HITIQ is an ASX-listed concussion management technology company that operates in the healthcare equipment sector, providing and further developing a transformative, end-to-end concussion management technology platform which aims to provide a total concussion ecosystem in which the company’s products support the identification, monitoring and management of sport related brain injury.
The company’s Nexus technology is set to undergo research by the University of Canterbury, which is internationally renowned for its research programs.