Televet
1 year ago
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Hapbee Announces Closing of $1.5M Private Placement Insiders and Executives Participated to Fund Continued Growth
VANCOUVER, British Columbia, November 9, 2022 – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (“Hapbee” or the “Company”), the digital wellness technology company is pleased to announce that it has completed a non-brokered private placement of units of the Company (“Units”) for aggregate gross proceeds to the Company of CAD$1,566,632 (the “Offering”).
“This capital enables us to continue to evolve our products and to expand our market presence and manufacturing on the heels of the successful launch of our game-changing new device – The Smart Sleep Pad,” said Yona Shtern, CEO and Executive Chairman of Hapbee.
The Company achieved a milestone in September when it pre-sold 992 devices units in the month – the most in a single month in the Company’s short history - primarily driven by the popularity of The Smart Sleep Pad. It was designed especially for sleep with an easier-to-use, more comfortable form factor and a larger magnetic field diameter which early users report provides an even more effective improvement of their sleep patterns. First production shipments of the new device are expected to begin later this week and we anticipate that manufacturing will continue to ramp to meet actual and forecasted demand.
As part of the Offering, the Company issued 22,380,459 Units at a price of CAD$0.07 per Unit (the “Offering Price”), which consisted in the issuance of 22,380,459 subordinate voting shares of the Company (“Shares”) and 22,380,459 Share purchase warrants (“Warrants”) with each Warrant entitling the holder thereof to acquire one Share at a price of CAD$0.15 per Share for a period of 2 years from the closing date of the Offering. The expiry date of the Warrants will be subject to prior acceleration, at the discretion of the Company, should the volume weighted average price of the Company’s listed Shares on the TSX Venture Exchange (“TSXV”), or any other stock exchange on which the Company’s Shares are then listed, is greater than CAD$0.50 for a period of 10 consecutive trading days, the whole in accordance with the terms of the Warrants. Each Share and Warrant issued (including the Shares underlying the Warrants) will be subject to a hold period of four months plus one day following the closing of the Offering (the “Hold Period”) pursuant to Canadian securities laws.
Certain existing insiders of the Company including members of the Executive Team and Board of Directors participated in the Offering by purchasing an aggregate of 4,416,302 Units. The portion of such participation by the insiders constitutes a “related party transaction” within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions from the formal valuation and minority approval requirements of MI 61-101 as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves related parties, exceeded 25% of the Company’s market capitalization. Any net proceeds received by the Company from the Offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes.
The Offering remains subject to the final approval of the TSXV. The securities offered pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States (as such term is defined in Regulation S under the U.S. Securities Act) (the “United States”), and may not be offered or sold within the United States, or to, or for the account or benefit of a U.S. Person (as defined in Rule 902(k) of Regulation S under the U.S. Securities Act) or a person in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby within the United States or to, or for the account or benefit of, U.S. persons.
Option and RSU Grants
The Company is also announcing that it has issued an aggregate of 1,400,000 stock options (“Options”) and an aggregate of 400,000 restricted stock units (“RSUs”) to certain insiders of the Company. The Options have an exercise price of CAD$0.065 per share and are exercisable for a period of seven years from the date of issuance. The RSUs are based on a market price of CAD$0.065 and will vest in equal installments over a period of three years.
Televet
2 years ago
Hapbee Issues Shareholder Letter
Montreal, Quebec--(May 26, 2022) -Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearables and biostreaming technology, is pleased to provide the following shareholder letter from Hapbee CEO Yona Shtern.
Dear shareholders,
I'd like to begin this update by thanking all of our shareholders for your support and confidence in Hapbee. Although the current volatile macro environment has hindered the capital markets, we are full steam ahead in growing Hapbee's one-of-a-kind wellness platform. Shareholders' support of our mission during these volatile times has not gone unnoticed by our team. The best way to show our appreciation is to continue accelerating growth.
Our team remains deeply focused on the four pillars of growing our business:
Getting Hapbee into more customers' hands so they can experience the wellness benefits for themselves
Expanding our product pipeline - the Hapbee Sleep & Relief Pillow just started selling on our website
Increasing our subscriber base - the most significant long-term value driver for Hapbee and our shareholders
Accelerating market penetration through enterprise sales
Hapbee's platform - for both consumer and enterprise channels - is built upon a recurring revenue model (subscription for consumers and licensing for enterprise). This offers the most attractive value proposition from an investment perspective because of the long-term, predictable and repeatable nature of revenue streams matched with higher revenue multiples typically afforded ARR technology businesses. At the end of Q1, 2022 we had nearly 3,000 active subscribers on the platform, an increase of 246% over Q1 2021. Paid subscriber retention after six months increased from 22% in September 2021 to 65% in March 2022, driven by significant improvements to our in-app experience, expansion of blends, and investment in an automated back-end billing system. The monthly subscription fee ranges from $12 to $19 USD — a high-margin aspect of our business. I like to reiterate that we are a software subscription and licensing company first; hardware second.
Long story short, the platform is gaining traction and demonstrating stickiness. We continue to invest in improving user engagement and retention and will leverage critical customer feedback to enhance the user experience.
Over the last six months, we have learned a ton from the investments made in the marketing of our wellness platform. These learnings include: effective platforms to market the Hapbee Neckband; how to better educate prospective buyers before a call to action; more cost-effective lead generation, and how we should pursue our B2B strategy — which I believe will become a key driver of sales for Hapbee in 2023. I anticipate making significant progress on the B2B front in the nearer term and look forward to sharing any material developments.
Diving Into the Sleep Market
The sleep market has quickly become our most important sector, which is why we are pursuing the launch of three new sleep-related products this year: The Sleepbee Mattress Topper, Sleepbee Sleep Mask, and the Hapbee Sleep & Relief Pillow (the "Pillow"). The Pillow, which launched on our website earlier this week, is specially designed to be compatible with and enhance the functionality of the Hapbee Neckband as a sleep and relief device. It helps position Hapbee as a sleep solution and provides new and existing Hapbee users with an affordable, product-enhancing accessory. At the same time, the Pillow will be another high-margin offering for our company. I anticipate the Sleepbee Mattress Topper will be a premium offering, and the Sleepbee Sleep Mask will have a mid-level price point.
The sleep-tech market is massive and anticipated to grow at a rapid clip. In 2021, the Sleep Tech Devices Market was valued at roughly $15 billion, and it is projected to reach $67 billion by 2030.¹ We want to be a major player in this space within 24 months. It is a market with extreme potential for our platform, given the fact that over 60% of Hapbee customers primarily use Hapbee to optimize their sleep routines.
Validating our Platform and Direction
We conducted our first sleep-related user study/survey spanning roughly five months to highlight our platform's advantage within the sleep tech space. We now have quantifiable data that shows Hapbee helped improve consumer wearable sleep tracker scores (utilizing Oura Ring) for quality of sleep, length of sleep, reduced restlessness, and the time it took to fall asleep.
The results of our study amplified our motivation to focus on this opportune sector. I encourage everyone to read our press release dated May 9, 2022 to learn more about these initial study results.
In March 2021, Hapbee entered into agreements with two U.S. military non-profit groups to collect feedback on the impact of Hapbee signals on users' stress and productivity levels. The results after one year were inspiring and edifying. In March of this year, The Hapbee Neckband was selected as an integral and essential part of Grey Team's (U.S. veterans support group) wellness solution for military veterans. Again, if you haven't read our press release about this project from March 22, 2022, I encourage you to do so. This was a gratifying project that I think will open other doors for Hapbee to help military veterans in the future.
This May, Hapbee was recognized in Fast Company's 2022 World Changing Ideas Awards as an honorable mention for our innovative platform in the Wellness Category.
Onwards
When I meet with Hapbee customers, be it one-on-one or at conferences and gatherings, their feedback from using the Hapbee Neckband energizes me. I know from meeting with customers that we are already having a profound impact on many. That inspires us to continually advance our wellness platform while improving our ability to educate new audiences on the potential benefits of this one-of-a-kind technology.
There is a technology adoption curve for an innovative platform like ours, and I can appreciate people's questions when first learning about Hapbee. There's nothing else like it on the market today. One strategy to encourage people to try our product, especially if they have a healthy degree of skepticism, is the recent implementation of our 90-day money-back guarantee. As I stated near the onset of this update, we are focused on getting Hapbee into as many people's hands as possible to help mainstream our brand and transformative wellness platform.
I look forward to updating our shareholders over the coming months. Thank you for your continued support.
Sincerely,
Yona Shtern
CEO & Chairman, Hapbee Technologies, Inc.
Televet
2 years ago
Hapbee Announces Dealer Partnership with Neurosculpting®
Neurosculpting is a leading wellness company that administers a trademarked meditation process for recovery, resilience and stress management to a network of approximately 50 practices across the United States.
MONTRÉAL, March 31, 2022 /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearables and bio-streaming technology, is pleased to announce that the Company has entered into a dealer partnership with Neurosculpting® Institute (“Neurosculpting”), a provider of best-in-class meditation protocols and processes based in Colorado, United States.
Neurosculpting was founded in 2007 by Lisa Wimberger, a highly-regarded neuroplasticity coach and trauma specialist to develop meditation techniques and protocols to improve recovery, stress regulation and performance. Neurosculpting processes are trademarked on four continents and are currently taught across roughly 50 wellness practices at various locations in the U.S. by certified practitioners and qualified facilitators.
As a result of this partnership, Neurosculpting will promote and deliver the Company’s Smart Wearable Neckbands with built-in access to its bio-streaming signals and blends to its customers as an enhancement to its trademarked meditation procedure. Hapbee products and services will be available for demonstration and sale through Neurosculpting’s network of practitioners and facilitators, resulting in increased visibility and distribution for the Company’s wellness platform.
The global meditation market is valued at US$5.30 billion in 2022 and is expected to reach US$20.53 billion in 2029.1 Hapbee plans to grow its footprint within the broader wellness industry, and the Company will continue to target different sub-sectors within the space such as sleep, recovery, meditation and performance.
“Hapbee and Neurosculpting share a similar vision in helping consumers achieve better sleep, focus, recovery, and more,” said Yona Shtern, CEO of Hapbee. “With a network of 50 practitioners and facilitators, Neurosculpting has designed a unique meditation process, which will now be further complemented with the integration of Hapbee bio-streaming signals and blends. We look forward to working with the Neurosculpting team.”
“We are excited to partner with Hapbee,” said Lisa Wimberger, Founder of Neurosculpting. “At Neurosculpting, we teach the best-in-class meditation techniques to enhance a person’s wellness and we see Hapbee as a perfect fit for our platform.”
As part of its growth strategy, the Company intends to partner with more dealers and distributors that have an extensive distribution network across North American and international markets.
Televet
2 years ago
Hapbee Expands Global Dealer and Distributor Network to 19 Health and Wellness Outlets
Through a growing network of affiliated dealers and distributors, Hapbee Smart Wearable Products and Services are now being distributed to consumers in the United States, Canada, Australia and the United Kingdom
MONTRÉAL, March 28, 2022 /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearables and bio-streaming technology, is pleased to announce that the Company has entered into distribution agreements with a total of 19 dealers and distributors across four countries.
The dealers and distributors include various specialized health and wellness practices which include psychotherapy, physical therapy, rheumatology, nutrition and others. A majority of them are currently based in North America and are located across 13 U.S. states and one Canadian province while the remaining dealers and distributors operate in the United Kingdom and Australia.
According to the terms of the agreements, the dealers and distributors will promote and distribute Hapbee’s products to their respective patients and customers. Both parties will collaborate to provide product insights as well as training and support. In addition, special promotional pricing may be offered through this controlled channel using an exclusive affiliate code on Hapbee.com, which can only be provided by businesses that have partnered with Hapbee.
“Our focus is to extend our distribution network globally and we are pleased to partner with value-added dealers and distributors who can enhance the customer onboarding experience as they integrate Hapbee into their practices,” said Yona Shtern, Chairman and CEO of Hapbee. “This will enable us to gain more access to different regions and deliver our products to a wider audience. Furthermore, these partnerships will provide us with extensive brand exposure within our target market given that we are leveraging leading health and wellness experts to promote and deliver Hapbee Neckbands to their customers.”
As previously announced in February 2022, Hapbee sold and shipped a quarterly record of 1751 Neckbands in Q4 2021 (A total of 5200 Hapbee products were sold and shipped in 2021) and the Company intends to continually increase product sales by scaling its dealer and distribution channels.
The global wellness industry is valued at more than US$1.5 trillion, and Hapbee has laid the groundwork for its dealer and distribution network to expand within this space.1 The Company intends to bring on new dealer and distributor partnerships with businesses that operate in the wellness sector in North America as well as in overseas markets. This will enable the Company to gain access to new marketplaces where Hapbee products and bio-streaming blends can have a positive impact on more people’s lives.
The Company intends to provide updates on the total number of new dealer and distribution agreements it signs as they materialize.
Televet
2 years ago
Hapbee Selected as Integral and Essential Part of Grey Team's Next-Gen Wellness Solution for Military Veterans
Grey Team, a U.S. non-profit organization whose mission is to improve the personal health and wellness of both active-duty soldiers and military veterans, has successfully utilized the Hapbee Neckband for roughly 1 year in its protocol
Hapbee Neckband garnered positive feedback from veterans who provided detailed testimonials on how the Company's digital wellness solution improved their lives
As part of the Company's mission to enhance people's wellness, moving forward, Hapbee aims to expand its work with more veterans groups
MONTRÉAL, March 22, 2022 /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearable technology, is pleased to announce that based on positive in-market user trials, the Company’s Hapbee Neckband has become an integral technology for Grey Team’s signature program, “Operation Phoenix”, aimed at helping veterans improve their emotional and physical well-being.
Grey Team’s highly successful Operation Phoenix (the “Operation”) leverages the most cutting-edge medical and wellness technologies to support the rehabilitation and wellness of both active-duty soldiers and military veterans. The Operation has helped alleviate mental and physical suffering caused by post-traumatic stress disorder, traumatic brain injuries, chronic physical pain, and lifestyle choices.
The Company invites readers to watch the short video below highlighting the positive impact of Hapbee’s Neckband described by veterans involved in the Operation:
https://www.youtube.com/watch? v=m89q_gtoPzA
Grey Team Testimonials
Grey Team has been using Hapbee Neckbands as part of its Operation for nearly one year (refer to the Company’s news release dated March 8, 2021, for further information on its partnership with Grey Team). Throughout the Operation, Hapbee Neckbands and Digital Signals and Blends (the “Hapbee Wellness Solution”) evolved into an integral and essential part of the program as they allowed service members to continue their wellness protocol from their own homes. Covering all Grey Team’s testing parameters, fourteen veterans used the Hapbee Wellness Solution thus far in the Operation. Grey Team shared that the positive impact of the Hapbee Wellness Solution on veterans was observed across 3 key parameters when comparing before and at mid-point in the program's 90-day duration, favourably affecting HRV and EEG bio-metrics.
Highlights from Grey Team’s observations and analyses:
Stress index on average reduced by over 50%
Autonomic nervous system regulation efficiency saw improvements of approximately 40%
Cardiovascular adaptation effort scored dropped by over 50%
Before selecting the Hapbee Wellness Solution as part of its Operation, Grey Team tested its suitability. CNS Vital Signs, Neurocognitive Testing, EEG, and EKG measurements were taken before use to establish a baseline, during use, and after utilization. Grey Team Program Director Mr. David Kirkland reported to the Company that results improved in 100% of those service members and veterans who used the Hapbee Wellness Solution.
Mr. Kirkland further stated, “Hapbee is one of the components of our treatment plan which may be used from home or, for that matter, anywhere. It constitutes a key element, allowing active-duty service members and veterans to continue to improve their lives even after they've completed their therapy sessions at the Grey Team facility.”
“The feedback from our research and development collaboration with Grey Team and the military veterans who count on this esteemed organization has been edifying and rewarding,” stated Yona Shtern, Chairman and CEO of Hapbee. “This was one of our first collaborations in support of veterans and their families, and it created a model for us to replicate and repeat with many other support groups and organizations. There are roughly 19 million veterans in the United States alone, and we intend to continue to develop working relationships with other veteran support organizations as a critical step towards broader associations with well-funded private and public groups.”
Grey Team is a privately-funded, non-profit organization whose aim is to improve the personal health and wellness of active-duty soldiers and military veterans to reduce suicides. Utilizing cutting-edge technologies, Grey Team’s goal is to provide comprehensive programs directed at healing all the invisible wounds of war including, but not limited to, post-traumatic stress disorder, chronic pain, self-medication, and isolation.
Additionally, the Company encourages readers to watch the video testimonial of Dr. Kyle Bergquist, Executive Director of The Mission After, another veterans support non-profit organization working in collaboration with Hapbee:
https://www.youtube.com/watch? v=6zZUtM7XY2I
Televet
2 years ago
Hapbee Enters Joint Venture Agreement with BiOptimizers and is Participating in Rewards Program Operated by Royal Bank of Canada
Hapbee’s products will be promoted through BiOptimizers’ 500+ affiliates and influencers; both companies will co-develop new BiOptimizers-themed blends and Hapbee-branded supplements stack
Hapbee is participating in the RBC and Ampli Rewards Programs
MONTRÉAL, March 8, 2022 - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearable technology, is pleased to announce that the Company has entered into a product and marketing agreement with BiOptimizers USA Inc. (“BiOptimizers”), a leading U.S. nutritional supplements provider. Additionally, the Company has signed an agreement to participate in a marketing rewards program with Royal Bank of Canada (“RBC”).
“We are pleased to partner with BiOptimizers and to participate in RBC’s rewards program to co-promote our products,” said Yona Shtern, CEO of Hapbee. “BiOptimizers is an established and respected brand within the wellness industry, while RBC is one of the largest financial services institutions in Canada with a loyal client base. As highlighted in our annual shareholder letter from December, key elements of our growth strategy for 2022 include collaborating with leading brands, and releasing new lifestyle blends to meet a broader range of needs. We will continue to expand our reach this year, and one way we are doing that is by working with world-class organizations.”
Collaboration with BiOptimizers
Hapbee and BiOptimizers will co-market their products across social media and through existing affiliate and influencer marketing channels. Furthermore, Hapbee will collaborate with BiOptimizers on developing new blends that will be designed based on BiOptimizers’ Nootopia, Magnesium and Sleep supplement stack.
“I’ve been a fan of the Hapbee Neckband since the first moment I tried it,” said Matt Gallant, Founder and CEO of BiOptimizers. “I think the synergies between Hapbee and BiOptimizers are a great win for people that are serious about taking their mental performance to its pinnacle.”
With the combined effort of PhDs, top enzyme scientists and herbal experts, BiOptimizers has created unique probiotics formulas designed to help people optimize their health and digestion since 2004. BiOptimizers’ audience and customers have grown substantially over the years and today, it has a cumulative total of more than 500 affiliates and influencers.
Participation in RBC Rewards Program
Hapbee recently signed an agreement with RBC to participate in RBC’s Ampli Rewards program. Ampli, a direct wholly-owned subsidiary of RBC, gives users cash back on everyday online and in-store purchases. All RBC credit card holders and Ampli members will receive a series of exclusive special offers to purchase Hapbee products.
Televet
2 years ago
Hapbee Expands Patent Portfolio for New Sleep-Oriented Products, the “Sleepbee Sleep Mask” and “Sleepbee Mattress Topper”; Provides Update on Hapbee Product Sales Growth
The respective provisional and non-provisional patent applications for the Sleepbee Sleep Mask and Sleepbee Mattress Topper have been submitted to the U.S. Patent and Trademark Office
Prototypes of the new sleep-themed products were introduced at CES 2022 in Las Vegas last month
The products will emit Hapbee’s proprietary digital blends and signals, with the intention of providing an innovative and effective alternative for consumers in the US$71 billion sleep aids market
Record quarter for units sold of Hapbee Neckbands (formerly branded as ‘Hapbee Headband’) in Q4 2021
MONTRÉAL, Feb. 22, 2022 - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearable technology, is pleased to announce that the Company has filed a provisional patent application, titled “Eye Mask Systems for Emitting Ultra-low Radio Frequency Energy” for the Sleepbee Sleep Mask and a non-provisional patent application, titled “Body Support System for Emitting Ultra-Low Radio Frequency Energy and Associated Systems and Methods” for the Sleepbee Mattress Topper with the U.S. Patent and Trademark Office.
Overview of Hapbee’s U.S. Provisional and Non-Provisional Patent Applications
Sleepbee Sleep Mask - The provisional patent application covers its technology infrastructure, which has been engineered to help enhance users’ sleep, recovery and daily routine. The wearable will be worn over a user’s eyes, like a traditional sleep mask.
Sleepbee Mattress Topper - The non-provisional patent application documents the technology behind an innovative bed topper with the capability of emitting Hapbee signals to provide a soothing and seamless experience for users.
Televet
2 years ago
Hapbee Appoints Yona Shtern as Chairman of the Board
Yona Shtern, CEO of Hapbee, succeeds Chris Rivera, the Company’s founder who helped lay the groundwork for transformative growth
MONTRÉAL, Feb. 17, 2022 - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearable technology, is pleased to announce that CEO Yona Shtern has been appointed as the Company’s new Chairman of the Board (“Chairman”), effective February 16, 2022. Yona will succeed Chris Rivera, the founder who served as Chairman since Hapbee’s inception. Mr. Rivera will continue to provide guidance on key strategic initiatives and remain a valuable asset to the Company as a member of the Board of Directors.
While Chairman, Mr. Rivera played an instrumental role in guiding Hapbee to its current stage of development, having helped structure the Company's licensing deal with EMulate Therapeutics, Inc. Among other leadership responsibilities during his tenure as Chairman, Mr. Rivera spearheaded the assembly of Hapbee’s board and executive teams, while overseeing signal R&D initiatives.
“Thanks to our dedicated shareholder base and leadership team, Hapbee has advanced rapidly over the last two years," stated Chris Rivera. "I am proud of where the Company stands today and excited at the opportunity which lies ahead for our one-of-a-kind wellness platform. In his role as CEO, Yona has demonstrated excellent leadership and an acute understanding of what is required to successfully commercialize a cutting-edge wellness product. He will make a fantastic Chairman of the Board, and I look forward to working with him and other board members in implementing our aggressive growth strategy."
“I would like to thank Chris for serving as the Company’s founding Chairman of the Board and helping to guide it through critical stages,” said Yona Shtern, CEO of Hapbee. “He will remain an invaluable member of our board. In addition to my role as CEO, I’m honored to accept the position as Chairman of Hapbee.”
With several initiatives underway, the Company expects to provide business development updates in the coming weeks.
Hapbee’s Board of Directors
Yona Shtern - Chairman, Director
Chris Rivera - Director
Charles McNerney - Director
Robert Dzisiak - Director
Michael Matysik - Director
Mark Timm - Director
Televet
2 years ago
Hapbee Announces Marketing Partnership with Veritone One
Veritone One will market Hapbee’s products via various media channels including podcasts, YouTube and radio using AI-driven technology
MONTRÉAL, Feb. 08, 2022 - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (“Hapbee” or the “Company”), a leading provider of wellness wearable technology, is pleased to announce that the Company has signed a marketing partnership with Veritone One, a leading full-service performance-based audio and influencer advertising agency and a wholly-owned subsidiary of Veritone, Inc. (NASDAQ: VERI).
As part of Hapbee’s growth strategy, the Company entered into this partnership to grow its user base and expand its reach to consumers looking to improve their wellness. Veritone One will provide near real-time actionable insights across multiple media types to drive the highest return on investment possible for Hapbee. Powered by aiWARE, the world’s first operating system for artificial intelligence that orchestrates a diverse ecosystem of machine learning models to transform audio, video, text, and other data sources into actionable intelligence, Veritone One will provide customizable near real-time reporting insights and visualizations. Clients of Veritone One will gain much needed actionable intelligence from their campaign performance, integrated media plans and creative delivery, providing unmatched transparency and efficacy.
“Given their unique ability to provide consumer reach through different types of digital media, we are excited to announce this partnership with Veritone One,” said Yona Shtern, CEO of Hapbee. “Veritone One can provide expansive reach to new consumers in the wellness space with their AI-powered technology. As a result, we believe that this partnership will enable us to raise more awareness about our products, resulting in increased brand visibility and a growing user base for Hapbee.”
“Hapbee has a unique and one-of-a-kind wellness technology product that could benefit the lives of many if it reaches a wider audience,” said Zeus Peleuses, Chief Growth Officer of Veritone and Co-Founder of Veritone One. “At Veritone One, we have worked with some of the world’s most recognizable brands, and we have helped them optimize their media outreach. We plan to leverage our proprietary technology solutions in crafting and delivering a powerful message for Hapbee and assist them in completing their mission to help people enhance their mental wellness.”
About Veritone One
Veritone One is a leading full-service performance-based audio and influencer advertising agency, creating native and traditional ads for the world’s most recognizable brands. As one of the world’s largest agencies, its expertise in media buying, planning and creative execution, coupled with its unmatched ability to track near real-time performance of advertisements through the Veritone Enterprise AI platform, aiWARE™, enables Veritone One to deliver ads with unmatched effectiveness in a way that’s simple, scalable and trackable. Veritone One is a wholly owned subsidiary of Veritone, Inc. (NASDAQ: VERI) which is headquartered in Denver, Colorado. To learn more, visit www.veritoneone.com.
About Hapbee
Hapbee is a leading wearable wellness technology platform provider aiming to help people improve their wellbeing and enhance how they feel. The Company is the creator of the Hapbee Headband, which is powered by patented ultra-low radio frequency energy (ulRFE®) technology and delivers low-power electromagnetic signal blends designed to help improve users’ sleep, productivity, recovery, and relaxation. Hapbee has offices in Montreal, Vancouver, Seattle and Los Angeles.
Hapbee is available for purchase at Hapbee.com and through authorized Hapbee dealers.
Televet
2 years ago
Hapbee to Host Sponsored Challenge on Popular Strava Fitness App
Strava, the #1 App for runners and cyclists with a global heatmap of 95 million athletes, will feature a Hapbee-branded challenge commencing Feb 7, 2022
MONTRÉAL, Feb. 2, 2022 - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a leading provider of wellness wearable technology, is pleased to announce that the Company will partner with Strava, one of the world’s most engaged community of athletes to host a sponsored challenge, titled “Hapbee Choose Your Challenge”. The challenge commences on Monday, February 7, 2022, and runs through Sunday, February 20, 2022.
The Strava mobile app enables millions of athletes all over the world, and across many walks of life, to inspire each other to new heights and higher goals in their quest to unlock their full fitness potential. With more than 95 million users, and growing at approximately 2 million new athletes
per month, Strava is among the largest and fastest growing communities of athletes in the world.
“Strava is a perfect fit with our brand messaging and aligns well with our mission to improve people’s lives through better sleep, physical performance and recovery,” said Yona Shtern, CEO of Hapbee. “The fitness community is a focal point of our outreach. Garnering exposure within the premier mobile app for athletes is a fantastic opportunity to increase Hapbee’s growing brand awareness and benefits among active fitness enthusiasts. We look forward to delivering a fun challenge that inspires members of Strava's community and ours to enhance their wellness habits with the help of Hapbee’s headband and library of digital wellness blends.”
The sponsored challenge aims to expose Hapbee to a growing and captive segment of the fitness and wellness market, providing the Company with the opportunity to significantly broaden brand visibility on a top-tier wellness platform. The challenge has been designed to promote a healthy lifestyle while incentivizing Strava members to try Hapbee with a special offer.
To participate in the sponsored challenge, Strava members will need to log a minimum of six hours for any workout on the app over the course of two weeks. Members who complete the Company’s sponsored challenge will have the opportunity to receive a $100 discount offer for the Hapbee Headband and a bonus three-month free all-access subscription to the Company’s libraryof digital wellness signal blends.
Televet
2 years ago
Hapbee Opens CES with New Smart Wearables that Are Optimized for Better Sleep and Mental Well-Being
New Hapbee wearables combine with growing Digital Blends catalog to open a new era in personal wellness and sleep management. Empowering people to optimize their sleep, wellness and performance.
MONTRÉAL, January 5, 2022 – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) the wearable wellness technology company, today announced the latest generation of its Hapbee smart wearable device and app, including the upcoming Sleepbee Sleep Mask and Sleepbee Mattress Topper at CES 2022 in Las Vegas, January 5-8, 2022 at booth #8107. Hapbee is available today at www.hapbee.com.
After years of scientific research, Hapbee leverages groundbreaking technology to record the ultra-low-frequency magnetic waves of popular consumable substances, giving people the effects of substances like caffeine, melatonin, CBD and many others without the body actually ingesting or metabolizing them.
"Hapbee smart wearable innovation comes at a time when mental health is at the forefront of wellness,” said Yona Shtern, CEO of Hapbee. “Today represents an important step forward in our journey to put people in control of optimizing how they sleep, perform and feel without the numerous side effects of ingesting substances that carry unwanted side effects. The addition of the Sleepbee Sleep Mask and the Sleepbee Mattress Topper extends the utility of the companion Hapbee App & Blends and truly makes Hapbee a 24-hour product. It opens a whole new era in wellness that is grounded in science and driven by user feedback. We are excited to empower people to improve their overall health, wellness and sleep.”
Hapbee wearables allow users to play specially-formulated Blends that are designed to help people enhance sleep, elevate performance, and boost physical well-being. Unlike other health and wellness devices, Hapbee is both an app containing over 25 Blends and a line of smart wearable devices designed for specific uses – working, sleeping, relaxation.
Powered by the Hapbee App, the purposefully designed blends use patented ultra-low radio frequency energy (ulRFE®) technology to deliver a combination of different magnetic signals engineered from the signatures of key natural ingredients, designed to produce sensations such as Happy, Alert, Focus, Relax, Sleep and many others.
A Wearable Wellness Revolution
In a world increasingly focused on wellbeing, Hapbee’s advances in wearable technology take fitness, focus, daily activity and sleep to the next level. Hapbee is a wellness wearable platform that replicates the magnetic signature of ingredients like caffeine, THC, CBD, nicotine, melatonin, and others through safe, ultra-low magnetic frequencies.
Our ground-breaking technology plays back those frequencies to your brain, giving your body the same experience as the ingredients without actually ingesting or processing it.
Enjoy better sleep, greater focus, and pain recovery without the side effects of chemicals, pills, cigarettes, or consumables.
Change How You Feel
Backed by decades of research, our brains work by sending electro-magnetic signals throughout our bodies. Our body’s neurons react to these different signals by recognizing each one's unique magnetic signature and eliciting a response – focus, relaxation, deep sleep, etc…. Hapbee’s technology has captured and replicated specific magnetic signatures, allowing you to choose which one you wish to play through one of our devices to help your state of mind. Hapbee’s technology is 15 years in development, with over 16 US and 47 international patents covering recording and stimulation capabilities.
Simple: Just pair a Hapbee wearable device with your phone, place the band around your neck, the sleep mask on your eyes or lie down on the mattress topper and select a Blend from the Hapbee App.
Safe: Hapbee employs low-energy magnetic fields that have been used therapeutically for decades.
Effective: In blind tests, most users can both feel and sense the difference between Hapbee's Blends.
There’s a Blend and a Device for Every Situation
A Hapbee blend is a combination of different magnetic signals engineered from the signatures of key natural ingredients, giving you exactly what you need when you need it.
Enhance Your Sleep: Fall asleep faster, enjoy a deeper, restorative sleep, and sleep through the night.
Elevate Your Performance: Boost your performance all day with more energy, better focus, and more creativity.
Support Your Mental Wellness: Find your Hapbee place with a more peaceful state of mind, clarity, and calmness.
Boost Your Physical Well-Being: Feel better from head to toe with less pain, better movement, and feeling more relaxed.
Signal blends include Morning Coffee, Deep Work, Master Your Attention, Bedtime and Deep Sleep, with more expected in 2022. Each blend fuses individual compound signals into an optimal mix designed for a specific use-case and time of day. Users simply download the Hapbee app and choose which blend they want to use.
Hapbee is gaining traction in the $4.2 trillion global wellness market during a pivotal time in human history as billions of people worldwide struggle with anxiety, stress and social dislocation during the ongoing COVID-19 pandemic. To help cope during difficult times, Hapbee provides a safe, effective alternative to mood-altering substances without the side effects. Extensive customer usage data and feedback indicate that Habpee’s growing base of subscribers is making Hapbee wearables a core part of their wellness routines, helping people experience better sleep, deeper relaxation, sharper focus and more creative energy.
You can experience the smart wearable at the Hapbee booth (#8107, North Hall) throughout the duration of CES. If not attending CES, Hapbee can schedule a virtual briefing at your convenience. A full media kit with product information, videos, and images can be accessed at https://ces.vporoom.com/Hapbee/. To schedule a briefing with Hapbee, please contact jeremy@hapbee.com.
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Hapbee Issues Annual Shareholders Letter
MONTRÉAL, QC, December 21, 2021 – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (“Hapbee” or the “Company”), the Canadian-based wearable, wellness technology company and creator of the Hapbee headband is pleased to provide the following shareholder letter from Hapbee CEO Yona Shtern
Dear shareholders,
When I was first approached about the opportunity to become CEO of Hapbee, I was highly skeptical (as I have discovered most people are) and I almost missed out on the most important journey of my professional life. It didn’t take long for curiosity to take hold once I tried Hapbee for myself and that gave way to wonder, excitement and ultimately a deep-seated sense of responsibility. I believe that Hapbee represents a unique promise to change people’s lives for the better by helping them control how they sleep, work, feel and play. That is our mission.
2021 was a transformative year for Hapbee as we laid the groundwork to dramatically accelerate the Company’s growth in 2022 and beyond.
Throughout this past year, we achieved several corporate and operational milestones, some of which included strengthening our leadership team, raising over $6 million of growth capital, a complete renovation of our smartphone app (the control panel to our entire platform), and a record sales month for the Hapbee wearable in Q4 2021.
Furthermore, our platform demonstrated definable stickiness among its growing user base. This is what excites me. By July, we had over a million hours played on the Hapbee wearable, and our monthly active users increased quarter over quarter in 2021. Our efforts have resulted in over 6,000 Hapbee devices shipped as of December 2021 – with a growing number of customers opting for our all-access subscription option. But I want to stress: it’s still early days for Hapbee, and the direction we plan to take our Company.
Focusing on the Customer Experience
One of the key elements behind our product traction is the fact that we started the year with just six signals and now we have up to eight, with more than a dozen signal blends. This is a very important aspect of our platform because Hapbee aims to help people improve upon their daily routines when they utilize our signals/blends. Optionality is key to the overall customer experience.
When our customers choose to improve their personal productivity, I want Hapbee to be a part of that process. The same goes for their rest, relaxation, and recovery routines. This was the genesis for having and continuing to bring forth new lifestyle blends for our customers. Although a technology company at its core, Hapbee represents a lifestyle and wellness platform. As people’s routines and lifestyles evolve, so too must our offerings. Our platform has been engineered to do just that.
Product Pipeline
Next month, we will be at the Consumer Electronics Show (CES) in Las Vegas, showcasing new product concepts, which we have been developing in 2021. These offerings are geared towards sleep and recovery – chief among them being our mattress topper prototype, which is capable of transmitting Hapbee signals and blends.
I look forward to the completion and the commercial release of our sleep-related products, given that sleep-related signals/blends have proven to be popular amongst our current user base. A rapidly growing sub-sector within the wellness space, the sleep market is one we intend to aggressively pursue as I believe our value-proposition is one of a kind.
I can’t think of a better venue than CES to introduce these potentially transformative products to the market.
CES is hosted annually by the Consumer Technology Association and represents one of the largest tech trade shows, with more than 1,800 firms worldwide as featured exhibitors, including Google, Bosch, General Motors, and Nikon.
We plan to leverage CES to expand our growing retail and dealer network, secure technology and wellness partnerships, and advance our international expansion strategy. Members of Hapbee's executive team, including myself, will be present at CES.
I encourage current and prospective shareholders to visit Hapbee’s booth (Booth 8107, inside the North Hall of the Las Vegas Convention Center) if they’re in the Las Vegas area between January 5th and 8th, 2022.
On the signals/blends front, we significantly expanded our library in 2021; and this will be a continual theme for Hapbee moving forward. Our platform is designed to give customers optionality in their daily routines, and we must keep that top of mind.
In October, we were pleased to announce that Dr. Drew Pinsky and Hapbee plan to collaborate and create a "Dr. Drew Blend." The launch of the new blend – which we will update shareholders on once complete – will be promoted through Dr. Drew's extensive multimedia platforms as well as Hapbee's own marketing channels.
Earlier this month, we released our holiday blends, and I encourage you to try them out.
Expansion of Leadership Team
In June of this year, I was honored to take the reins as Hapbee CEO. At the time, we had an exciting and one-of-a-kind platform with great potential to help people with their daily routines. However, as is the case with new and potentially disruptive technologies, there was much work to be done, and some key management hires were needed to prepare for larger-scale commercialization.
In the second half of 2021, we added substantial depth to our leadership team, who are now spearheading different initiatives to grow our Company from a customer, brand awareness and revenue perspective.
Jordan Neville - Director, Customer Growth & Retention
Jordan has built a 10-year career in sales leadership roles and entrepreneurship. He served as the Director of Sales at Peloton for five years. During his tenure at Peloton, Jordan oversaw Peloton's sales growth from one bike a week to over 10,000 bikes per day and achieved a 97% retention rate in monthly subscriptions.
Iggy Rodriguez - VP, Business Developments & Partnerships
Iggy has a 12-year track record of fostering key client relationships and executing effective marketing campaigns in a number of fields. Iggy entered the health and wellness space as the Head of Global Partnerships at Therabody, curating deals with some of the world's largest brands, teams and influencers. He started his career in sponsorships with the Los Angeles Dodgers and was the Director of Advertising and Partnerships for the Detroit Pistons.
Eric Brassard, Chief Strategy Officer
A proven leader in scaling disruptive tech for consumer-facing companies, Eric brings more than 20 years of expertise in database marketing, customer analytics and artificial intelligence systems to the role. His extensive background includes senior management and C-Suite roles at Saks Fifth Avenue, Microcell, Bell Aliant, Rogers, Avon, Reader's Digest, Fido and others.
Looking Forward to 2022
The focus of our growth strategy next year is to dramatically increase our customer base by expanding our reach and by showing the marketplace how the Hapbee platform can enhance daily routines as well as offering new devices that will leave a positive impact on people’s lives. We intend to achieve this with a multi-pronged marketing, distribution and development strategy, including:
Partnering with leading brand ambassadors
Expanding our distribution through 3rd party dealers – both online and retail
Extending our product portfolio
Releasing new lifestyle blends to meet a broader range of needs
Building the Hapbee community in social media
Expanding the delivery of our products globally
Optimizing and scaling our e-commerce marketing
Hapbee’s team and I would like to thank all of our shareholders for your continued support. None of our progress and the opportunity that lies ahead would be possible without you. The last six months or so have been an exciting period for Hapbee, as we have positioned the Company to execute on its ambitious agenda for 2022. I believe it will be a year of transformative growth for the Hapbee platform and, as a result, shareholder value.
Wishing you a holiday season of joy, good health and wellness.
See you in 2022!
Sincerely,
Yona Shtern
CEO of Hapbee Technologies Inc
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