Hapbee Grows Membership Base In Q1 2023 As Users Pass1 Million Unique Playback Sessions for Sleep & Focus

Rhea-AI Summary

Hapbee Technologies (HAPBF) reported a significant increase in user engagement with its Smart Sleep Pad, surpassing 180 million minutes (3 million hours) of total usage. The active member base grew to over 7,800 unique users by March 31, 2023, with an average of 45 sessions per member. Users primarily utilized the Smart Sleep Pad for Deep Sleep, Relaxation, and Focus, highlighting its versatility. The company has shipped over 12,000 devices since its launch in 2020 and expanded its wellness routines from 6 to over 75. CEO Yona Shtern emphasized the importance of this milestone in building a stable customer base and indicated plans for product enhancements and increased distribution.

Positive

• Increased user engagement with over 180 million minutes of usage.
• Active member base grew to over 7,800 unique users.
• Average of 45 sessions per member logged.
• Surpassed 3 million hours of cumulative signal play-time.
• Shipped over 12,000 Smart Sleep Pads and Neckbands since launch.
• Expanded product offerings from 6 to over 75 digital wellness routines.

Negative

• None.

Data shows that Hapbee users have increased engagement since launch of the Smart Sleep Pad - with over 180 million minutes (3 million hours) of total usage.

VANCOUVER, BC, April 17, 2023 /PRNewswire/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company") the wearable, wellness technology company and creator of the Hapbee Smart Sleep Pad, has released updated aggregated membership and consumer usage data which indicates that its growing base of customers are increasing their usage of Hapbee as an integral part of their sleep routines.

Hapbee leverages patented, magnetic-field technology that helps people optimize their sleep, performance, and moods. Ultra-low frequency electromagnetic signals are derived from compounds like caffeine, nicotine and melatonin and are re-played digitally through Hapbee-powered devices, such as the Smart Sleep Pad and Neckband without the side-effects or dependencies that might otherwise result from the substances.

Hapbee's active member base increased to over 7,800 unique members for the period ending March 31, 2023 (Q1 2023) reflecting the shipment and on-boarding of new Smart Sleep Pad customers from Q4 2022 and Q1 2023. Hapbee customers logged an average of 45 sessions per member. 

Analysis of aggregated patterns indicated that users were primarily using Hapbee for Deep Sleep, Relax and Long Flight for the Smart Sleep Pad, followed by Focus and Alert for the Neckband – reinforcing the "round the clock" utility for Hapbee.

"Surpassing the 3-million-hour mark of cumulative signal play-time on the platform at the end of Q1 2023 is an important milestone for Hapbee as it allows us to continue to build upon a growing and stable base of customers who are adopting our technology," said Yona Shtern, CEO of Hapbee. "We continue to test and learn from user feedback to help inform product enhancements as we prepare to further scale our distribution and manufacturing."

The Company has manufactured and shipped over 12,000 Hapbee Smart Sleep Pads and Neckbands since first launching in mid 2020. Originally launching with 6 signals, Hapbee has expanded its catalog to over 75 digital wellness routines.

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 Wellness Routines utilizes patented ultra-low radio frequency energy (ulRFE®), designed to help optimize users' sleep, productivity and focus, 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.

FAQ

What does Hapbee Technologies (HAPBF) specialize in?

Hapbee Technologies specializes in wellness technology, specifically focusing on sleep optimization and performance enhancement using patented magnetic-field technology.

What are the recent achievements of Hapbee in user engagement?

Hapbee has reported over 180 million minutes of total usage and an active member base of over 7,800 users as of March 31, 2023.

How many devices has Hapbee shipped since its launch?

Hapbee has shipped over 12,000 Smart Sleep Pads and Neckbands since its launch in mid-2020.

What types of usage patterns have been identified among Hapbee users?

Users primarily utilize Hapbee products for Deep Sleep, Relaxation, and Focus, indicating diverse applications of the Smart Sleep Pad and Neckband.

What future plans does Hapbee have regarding its products?

Hapbee plans to enhance its products based on user feedback and scale distribution and manufacturing.