Hapbee's Smart Sleep Pad Can Now Provide
Personalized Sleep Enhancement Based On Oura's Biometric Sleep
Data
VANCOUVER, BC, Jan. 17,
2023 /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB)
(OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company") is pleased to
announce an exciting advancement in personalized digital wellness
that combines biometric sleep data gathered from Oura Ring and the
novel features of Hapbee's Smart Sleep Pad. Oura, the creator of
the renowned Oura Ring and a leader in the wearable sleep and
wellness tracking category, has granted Hapbee use of its
proprietary Application Programming Interface ("API") for the
development of a first-of-its-kind sleep tracking plus sleep
enhancement application (the "Application").
Hapbee's Application Leverages Users' Oura Ring
Data
The Application is designed to provide personalized Hapbee sleep
optimization routines tailored to user-specific sleep patterns and
challenges measured by Oura Rings.
As an example, for those with a poor or less than suitable sleep
pattern, the Company's Application aims to help raise
users' Sleep Score through the tailored, timely release of the
most appropriate Hapbee Sleep and Relaxation Routines, delivered
via the Hapbee Smart Sleep Pad and Hapbee Mobile App.
Hapbee developed the Application as the first step toward its
larger goal of establishing long-term collaborations with wearable
sleep and wellness tracking industry leaders. Once Oura
users/customers enroll in the program, they can elect to share
their sleep data with Hapbee and utilize the Company's
Application.
With over 1 million customers of its smart ring, Oura is
recognized as a category leader in consumer wearables for sleep and
wellness tracking. Hapbee intends to demonstrate to Oura Ring
users and others the benefits of two complementary sleep-related
technologies: Oura for sleep tracking and recommendations combined
with Hapbee for sleep optimization.
Hapbee's Application Benefits for Oura Users:
- Leverage their sleep data to auto-program the Hapbee Smart
Sleep Pad with Personalized Sleep Routines
- Auto-prompts based on sleep cycles
- View their Oura sleep data directly in the Hapbee mobile
app
- Track their sleep improvements
The Application recently launched in a closed Beta test and will
expand to a larger Oura Ring user group in the coming weeks. Oura
users can sign up to participate in the upcoming broader Beta
release by registering at the following url:
Hapbee.com/ourabeta
"The first critical step towards improvement, be it with your
wellness or personal goals, is to measure where you currently stand
objectively," stated Yona
Shtern, CEO of Hapbee. "
"With the right baseline measurements, you can develop a
meaningful protocol for improvement. Oura is a world leader in
consumer sleep and wellness tracking, and Hapbee's ground-breaking
technology is engineered to improve one's sleep. Hapbee will
leverage Oura sleep data to recommend and enact personalized,
digital sleep optimization routines. It is an ideal integration for
our technology."
According to Hapbee's Chief Science Officer, Dr Brian Mogen, "This is an exciting leap forward
by combining two complementary and innovative sleep
technologies. It represents a massive pay-off and the logical
next step for the growing number of consumers who have been
actively tracking their sleep and are looking to put their sleep
data to work. We are now delivering on the promise of bio-metric
tracking."
Hapbee's Smart Sleep Pad
Hapbee is pleased to report that it has sold over 1500 units of
the Hapbee Smart Sleep Pad since its launch in late September
2022. Shipments began in December and early response from
customers has exceeded expectation. The Smart Sleep Pad
retails for US$249 and includes a
30-day free trial of the Hapbee All Access Membership.
The Company has put much of its recent product development
efforts into launching and manufacturing the Smart Sleep Pad, which
is now available for purchase on Hapbee's website:
https://hapbee.com/pages/hapbee-night-sleep
Previous Utilization of Oura Ring
In May of last year, Hapbee reported the results of its in-house
study utilizing the Oura Ring and Hapbee Neckband. It was the
Company's first sleep-related user study/survey and spanned roughly
five months. The purpose was to highlight Hapbee's platform
advantage within the sleep tech space. The study provided
quantifiable data demonstrating Hapbee usage correlated with
improved 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. You can read more about
Hapbee's Oura sleep data study by reading the Company's press
release dated May 9, 2022.
Hapbee's new sleep Application, made possible by Oura granting
the Company access to its API, is the next progression in Hapbee's
key goal of broadly integrating its product within the sleep tech
space.
Investor Relations Services
Hapbee has engaged Mr. Aaron
Hoddinott to provide it with investor relations consulting
services, such as managing corporate and investor communications,
including producing corporate marketing materials and supporting
the Company's future capital market initiatives. In consideration
of his services, Mr. Hoddinott will receive compensation of
$10,000 plus taxes per month with a
minimum term length of five months. Additionally, Mr. Hoddinott
will receive a signing bonus and 500,000 stock options of Hapbee in
accordance with the TSX Venture Exchange's policies, vesting over
36 months. Mr. Hoddinott has over ten years of experience building
marketing programs for publicly traded companies designed to
introduce them to broader investor audiences and assist with their
overall capital market goals.
About Hapbee
Hapbee is a digital wellness technology company that aims to
help people take control of how they sleep, perform and feel.
Hapbee's digital wellness library of Blends and Routines utilizes
patented ultra-low radio frequency energy (ulRFE®), designed to
help optimize users' sleep, productivity, recovery, and downtime.
Hapbee devices and subscriptions are available for purchase at
Hapbee.com and through a growing network of select
distributors.
You can learn more about how Hapbee works at
www.hapbee.com/science
Forward-Looking Statements
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. . 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 and intended timing to complete its
Filings.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement, and are subject
to various risks, uncertainties and assumptions which include, but
are not limited to, those described in Hapbee's annual information
form dated May 2, 2022, as well as
those described in Hapbee's other disclosure documents, copies of
which are 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 TSXV nor its Regulation Services Provider (as that term
is defined in the policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Hapbee Technologies Inc.