High-Level Renderings Drafted
(TSXV: HAPB)
VANCOUVER, BC, March 17, 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 provide an update on its patent-pending
bed-related magnetic signal prototype (the "Product"),
currently in the development stage.
"The mechanical engineering phase for our bed-related prototype
is on schedule and progressing well. We are excited to share
initial renderings of the Product as we work towards a functional
proof-of-concept prototype, a key milestone in the Product
development process," said Scott
Donnell, CEO of Hapbee. "Thanks to initiatives like the
upcoming World Sleep Day on March
19th, there is growing global awareness around
the importance of optimizing healthy sleep habits – a core
inspiration behind our Product."
Preliminary Product Details and Timeline
With four coils in its industrial design, the Product is
intended to be capable of delivering multiple magnetic fields
across different parts of the body. Furthermore, the Company has
narrowed down materials and soft goods selection for the Product's
functionality, flexibility, and overall aesthetic. The prototype
development program for the Product is scheduled to be completed in
Q3 of this year.
Pending successful prototype development completion, the Product
will transmit Hapbee signals such as Sleepy and Relax and offer
scheduled signal playback functionality enabled via the Hapbee
Companion App or a dedicated control panel.
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 progress
towards a functional prototype and the timing of completion
thereof; the design and capabilities of the Product; the final
Product may not appear as shown in the rendering in this news
release; more renderings being available on the Company's website;
the materials that will be used in the Product and growing global
awareness around the importance of optimizing healthy sleep habits,
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 the Company's ability to develop a prototype with the
materials and within the timeline as expected; the final Product
resembling the rendering in this news release; the Company
providing new renderings on its website as prototype development
advance; a growing global awareness of optimizing healthy sleep
habits; and the Product performing as intended.
Factors that could cause the actual results to differ materially
from those in the forward-looking statements include, a functional
prototype may not perform as expected or may be delayed; the actual
Product capabilities may not be as expected; a shortage in supply
of materials may result in reduced functionality, flexibility or
aesthetic of the Product; the Company may not update its website
with new renderings of the Product; the final Product may appear
significantly different from the rendering; 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.