Hapbee Advances Mechanical Engineering Phase of Bed-Linked Product


High level written renderings

(TSXV: HAPB)

VANCOUVER, BC, March 17, 2021 / PRNewswire / – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (Happiness or the “Society“), a wellness technology company developing the revolutionary Hapbee wearable, is pleased to provide an update on its patent-pending bed-bound magnetic signal prototype (the”Product”), currently in development.

“The mechanical engineering phase of our bed-related prototype is proceeding as planned and progressing well. We are excited to share the first renderings of the product as we work on a functional proof of concept prototype, a key step in the product development process, “mentioned Scott donnell, CEO of Hapbee. “Thanks to initiatives like the upcoming World Sleep Day on March 19e, there is a growing global awareness around the importance of optimizing healthy sleep habits – a fundamental inspiration behind our product. “

The initial rendering of the product is not final, is not fully to scale, and is subject to change as the prototype development program progresses. Further render images will be available on Hapbee.com. (CNW Group / Hapbee Technologies Inc.)

Preliminary product details and schedule

With four coils in its industrial design, the product is designed to be able to deliver multiple magnetic fields through different parts of the body. In addition, the company has narrowed down the selection of flexible materials and products for functionality, flexibility and overall product aesthetics. The product prototype development program is expected to be completed in the third quarter of this year.

Pending the successful completion of prototype development, the product will transmit Hapbee signals such as Sleepy and Relax and offer scheduled signal playback functionality activated through the Hapbee Companion app or a dedicated control panel.

About Hapbee

Hapbee is a portable magnetic field technology company that aims to help people choose how they feel. Powered by patented ultra-low radio frequency energy (ulRFE®) 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 find out more about how Hapbee works at www.hapbee.com/science

Forward-looking information disclaimer

Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “s. ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions as they relate to the Company or its management. Forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press 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 statement on the progress towards a working prototype and the timetable for its realization; Product design and capabilities; the final product may not appear as stated in the rendering of this press release; more renderings being available on the Company’s website; the materials that will be used in the product and the growing global awareness of the importance of optimizing healthy sleep patterns are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These declarations and information are based on numerous assumptions concerning the ability of the Company to develop a prototype with the materials and within the expected timeframe; the final product resembling the rendering of this press release; the Company providing new renderings on its website as the development of prototypes progresses; a growing global awareness of optimizing healthy sleep patterns; and the Product works as expected.

Factors that could cause actual results to differ materially from those of forward-looking statements include, a working prototype may not perform as expected or may be delayed; actual product capabilities may not be as expected; a shortage of materials can lead to a reduction in the functionality, flexibility or aesthetics 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 laws and regulations; increased operating costs; equipment failures; failure of counterparties to meet their contractual obligations; litigation; loss of directors, employees, advisers or key consultants and fees charged by service providers. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions include, without limitation, 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 anticipated in the forward-looking statements. These statements should not be interpreted as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Hapbee Technologies Inc.