Hapbee Completes Development of First New
Signal Based on User-feedback and Market Demand; Plans to Launch
More Signals this Year
VANCOUVER, BC, April 22, 2021
/CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB:
HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a wellness
technology company and creator of the Hapbee wearable band
(pronounced Happy), is pleased to announce the launch of its first
new signal since the original six were made available to the
public. This seventh signal, "Bedtime," is intended to help users
wind down at the end of a long day.
The upcoming launch of the "Bedtime" signal marks a significant
milestone for Hapbee's platform, as it demonstrates the Company's
ability to execute on its business model of seamless, new signal
releases intended to enhance user experience and optionality.
Public release of the "Bedtime" signal is anticipated for
April 27, 2021.
"Launching a new signal demonstrates Hapbee's ability to
deploy new technology across both app and firmware updates. Future
firmware and software updates will continue to expand the signal
content available through the app as well as enhance product
functionality for users who already have our wearable in
hand." says Brian Mogen,
PhD, Hapbee's Chief Scientific Officer.
Hapbee currently has several additional signals in its research
and development pipeline. The selection and development of the
"Bedtime" signal was based on current customer feedback,
market research and a growing awareness of the importance of
healthy sleeping habits. According to a recent study highlighted by
StudyFinds.org, "Nearly two-thirds of Americans (62%) struggle
to fall asleep each night." Hapbee intends to service this
growing marketplace through the launch of its new signal and other
initiatives.
source:
https://www.studyfinds.org/next-day-anxiety-americans-struggle-sleep/
"Uninterrupted, quality sleep is crucial for physical and mental
fitness. 'Bedtime' aims to help people unplug from all the noise in
their day and to get the good night's sleep they deserve," says
Scott Donnell, CEO of Hapbee.
"The new 'Bedtime' signal will be utilized by users of the Hapbee
wearable band. Additionally, and pending successful prototype
completion, this new signal could be utilized in the bed-related
product we are currently developing."
Prior to the development of the Company's new "Bedtime" signal,
Hapbee's wearable came pre-loaded with six signals: Alert, Happy,
Calm, Relax, Focus and Deep Sleep (formerly Sleepy). The Company
believes "Bedtime" will work best when used 30-60 minutes
before bed, during one's bedtime routine, or on a long flight. It
was developed to be used alone or before the Deep Sleep
signal.
Hapbee is available for purchase at Hapbee.com. The Company is
currently in the research and development phases of creating future
signals intended to be rolled out later this year.
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, and others.
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 public
release of the "Bedtime" signal and timing thereof, the release of
future firmware and software updates and the impact of such
updates, the utilization of the "Bedtime" signal in the bed-related
products, the belief for the timing of the use of the "Bedtime"
signal and the research and development of future signals and the
timing of their roll-out, 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 will be able to release
the signal on the timeline as anticipated, the Company will be able
to continue to expand signal content and enhance product
functionality for users as anticipated, the completion of the
prototype will be successful and will allow for the new signal to
be utilized in the bed-related product the Company is developing,
the Company will be able to research and develop future signals
that can be rolled-out later this year.
Factors that could cause the actual results to differ materially
from those in the forward-looking statements include, the release
of the new signal may be delayed or not happen at all, future
firmware and software updates may not expand the signal content or
enhance product functionality, the prototype may not be successful
and the signal may not be able to be utilized in the bed-related
product in development, the belief for best uses of the new signal
may not be accurate, and the Company may not create any future
signals for roll-out later this year or at all. 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 annual information form dated January 27, 2021, 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/popular-wellness-wearable-band-hapbee-launches-new-signal-bedtime-301274991.html
SOURCE Hapbee Technologies Inc.