HitIQ Limited (AU:HIQ) has released an update.
HitIQ Limited has secured additional funding through the extension of its R&D Tax Incentive Loan Facility and a convertible loan, while also achieving a significant milestone with the approval of a second US patent for its Nexus technology. The company has undergone leadership changes and relocated to a new facility in South Melbourne to boost manufacturing capacity from 5,000 to 25-30,000 units annually.
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