(TSXV: HAPB)
VANCOUVER, BC, Jan. 12, 2021 /CNW/ - Hapbee
Technologies, Inc. (TSXV: HAPB)
("Hapbee" or the "Company"), a
wellness technology company developing the revolutionary Hapbee
wearable, is pleased to announce it has engaged SILSYNC, Inc.
("SILSYNC"), a software-enabled product design firm based in
Arizona, to design and engineer a
magnetic signal product for a bed-related form factor. The services
agreement was signed in conjunction with the Company's technology
licensor, EMulate Therapeutics, Inc.
"The popularity of our Sleepy signal, demonstrated by feedback
from early adopters and thousands of hours of signal use, has
encouraged us to explore the development of a novel form factor for
delivering this sensation, among others," said Scott Donnell, CEO of Hapbee. "SILSYNC's
award-winning engineering team has years of experience designing
and prototyping innovative consumer hardware solutions for its
clients. We look forward to working with SILSYNC to expand our
platform and help subscribers take ownership of how they feel
around the clock."
The initial phase of the prototype development project will
begin with the industrial design of a bed-related form factor (the
"Product"), followed by subsequent engineering and design
stages. Pending successful prototype development completion, the
Product is intended to be capable of transmitting Hapbee signals
such as Sleepy and Relax, enabled via the Hapbee Companion App.
Under the scope of the project, SILSYNC will provide consulting,
design, prototype development, testing, validation, and related
services for the Product.
"Our team has worked with many novel concepts and technologies
in the past," said Daniel Stone,
Co-Founder and CEO of SILSYNC. "We're excited to have the
opportunity to build what could become a category-defining product
with Hapbee."
Hapbee expects the Product's initial phase of industrial design
to be complete in Q1 of this year, and the Company plans to provide
further updates as the development project matures.
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
For more information, visit: www.hapbee.com.
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 Hapbee's
business plans or its upcoming development targets 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 present and
future business strategies and the environment in which the Company
will operate in the future, including, anticipated costs, and the
ability to achieve its goals.
Factors that could cause the actual results to differ materially
from those in the forward-looking statements include, failure to
obtain regulatory approval, the continued availability of capital
and financing, and general economic, market or business conditions,
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.