The company’s share price increased 11% on Wednesday, closing at $0.019.
Velpic Sport targets trainers and coaches in any sport wanting to enhance performance using online and mobile based e-learning and e-coaching technology.
The platform allows trainers and coaches to share and schedule lessons with athletes and teams via mobile or laptop, track and manage players at a glance and provide videos to improve performance.
Velpic Sport is user-friendly and easy to access via mobile and the company has received good feedback from players on their experience in using the platform.
The first Australian club to implement Velpic’s e-coaching platform is the Canterbury Bulldogs.
The Bulldogs have seen a dramatic increase in the player’s off-field preparation for training and matches through the rapid uptake of coaching feedback via the mobile app.
U.S.-based research shows that the sports coaching platform technology market was $62mln in 2014 and is expected to reach $1.1bn by 2021.
Velpic’s product strategy is to expand its platform into new segments and markets where there is an opportunity to change the rules of the game through disruptive e-learning technology.