Partnering Agreements Aim to Measure Impact of
Hapbee Wearable on Veterans' Wellbeing
(TSXV: HAPB)
VANCOUVER, BC, March 8, 2021
/CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF)
(FSE: HA1) ("Hapbee" or the "Company"), a wellness technology
company developing the revolutionary Hapbee wearable, is pleased to
announce it has signed partnering agreements with two U.S. veteran
non-profit organizations, Grey Team Inc. ("Grey Team") and The
Mission After, to enable data collection with respect to users'
perception of the impact of Hapbee signals on their stress and
productivity levels within a sample group of military veterans.
"These early-stage agreements mark the beginning of what I hope
will become meaningful, long-term collaborations with Grey Team and
The Mission After," said Scott
Donnell, CEO of Hapbee. "Hapbee is honored to have the
opportunity to engage with military veterans. The overarching goal
with these agreements is to help veterans with stress management
and productivity – aspects I think most all of us want to improve
upon."
Under the terms of the partnering agreements, Grey Team and The
Mission After have purchased approximately twenty Hapbee wearables
for veterans' use at a discounted rate. Each Hapbee wearable will
come with a lifetime subscription to all six original signals and
are specifically for the purpose of R&D and user experience
data collection. The partner organizations will, with users'
permission, provide Hapbee with access to users of the product to
garner individual responses and feedback.
About Grey Team
Grey Team is a 501(c)(3) nonprofit organization whose sole
mission is to support active-duty U.S. soldiers and military
veterans by building and implementing solutions to reduce and
eliminate PTSD related suicides.
Grey Team is the only privately funded program that is proven to
facilitate and cultivate post-traumatic growth. It is through the
generous donations of private citizens, as well as grants, that
Grey Team continues to offer these therapeutic services to veterans
and active duty service members at no cost. Its goal is to help
those most in need of healing by providing a place where they feel
welcomed and safe so that they may restore health, peace, and
happiness to their lives.
About The Mission After
Based in Seattle,
Washington, The Mission After (formerly known as Healing Our
Heroes Foundation TMA) is a 501(c)3 nonprofit focused on
research and implementation of programs that support veterans to
live their best life after service. The Mission After, with the
support from their strategic partner organizations, strives to
provide veterans with access to new and emerging technologies as
well as innovative treatment alternatives focused on pain, stress,
anxiety, and depression.
About Hapbee
Hapbee is a wearable magnetic field technology company that aims
to help people choose how they feel. Powered by patented ultra-low
radio frequency energy (ulRFE®) technology
invented and licensed by EMulate Therapeutics, Inc., Hapbee
delivers low-power electromagnetic signals designed to produce
sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy.
You can learn more about how Hapbee works
at www.hapbee.com/science
Forward-Looking Information Disclaimer
Certain statements included in this news release constitute
forward-looking information or statements (collectively,
"forward-looking statements"), including those identified by the
expressions "anticipate", "believe", "plan", "estimate", "expect",
"intend", "may", "should" and similar expressions to the extent
they relate to the Company or its management. The forward-looking
statements are not historical facts but reflect current
expectations regarding future results or events. This news release
contains forward looking statements. These forward-looking
statements are based on current expectations and various estimates,
factors and assumptions and involve known and unknown risks,
uncertainties and other factors. Any statements about the goals of
the partnering agreements and future obligations thereunder;
research and development and data collection by the Company and
partner organizations and the sharing of access to such
information; the goals and services offered by Grey Team and The
Mission After and the costs thereof, are all forward-looking
information. Forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
which are difficult to predict. Such statements and information are
based on numerous assumptions regarding ability of the Company to
receive the benefits of the partnering agreements as anticipated
and the other parties to such agreements fulfilling their
respective obligations; ability to successfully get consent of
users for research and development and user experience data
collection; and a continued working relationship with Grey Team and
The Mission After.
Factors that could cause the actual results to differ materially
from those in the forward-looking statements include, Grey Team or
The Mission After may not fulfill some or all of their obligations
under the partnering agreements; users may not provide consent to
the Company to access users responses and feedback; the goal of the
partnering agreements may not be realized as expected or at all;
changes in legislation and regulations; increase in operating
costs; equipment failures; failure of counterparties to perform
their contractual obligations; litigation; the loss of key
directors, employees, advisors or consultants and fees charged by
service providers. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement.
These risks, uncertainties and assumptions include, but are not
limited to, those described in Hapbee's prospectus
dated October 26, 2020, a copy of which is available on SEDAR
at www.sedar.com, and could cause actual events or results to
differ materially from those projected in any forward-looking
statements. These statements should not be read as guarantees of
future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by such statements. The Company
assumes no responsibility to update or revise forward-looking
information to reflect new events or circumstances unless required
by law. Readers should not place undue reliance on the Company's
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE Hapbee Technologies Inc.