HAPBEE TECHNOLOGIES INC - HAPBF STOCK NEWS

Hapbee Technologies has launched the Smart Sleep Pad, a new product aimed at addressing sleep disorders affecting over 70% of Americans. This innovative device is designed for comfort and versatility, measuring 12" x 18" and 0.5" thick, making it suitable for various uses. The pad features a 10" coil, which enhances its efficacy compared to the current Hapbee Neckband. Pre-orders opened on September 15, 2022, with expected shipping in time for the holidays. The product will also be showcased at the BioHacking Convention in Los Angeles from September 15 to 18, 2022.

Hapbee Technologies (HAPBF) has launched a new feature called "Routines By", allowing selected partners to share personal wellness routines within the Hapbee community. This initiative, highlighted by wellness expert Ben Greenfield, aims to enhance user experience and satisfaction. Customers can now access two inaugural routines—"Daily Meditation" and "In The Zone"—to optimize sleep and performance. The update is available in the Hapbee Digital Wellness App, marking a significant step in Hapbee's evolution as a digital wellness platform.

Hapbee Technologies has launched its redesigned Hapbee Mobile App (V2.0) along with significant upgrades to its firmware. This launch follows extensive user feedback and aims to enhance user engagement and support future growth. Daily Active Users surged to over 1,350, a 125% increase from previous peaks. Key features include Wellness Routines, improved Bluetooth connectivity, and partnerships for personalized wellness recommendations. Additionally, new CFO Mitch Kujavsky has been appointed. These developments signify a strategic shift towards larger customer adoption and community-driven content.

Hapbee Technologies, Inc. (HAPBF) has released a shareholder letter focusing on growth amidst challenging market conditions. CEO Yona Shtern outlined four key strategies: increasing customer base, expanding product lines, boosting subscriber numbers, and enhancing enterprise sales. The introduction of new sleep-related products, including the Hapbee Sleep & Relief Pillow, is aimed at capitalizing on the lucrative sleep-tech market, projected to grow from $15 billion in 2021 to $67 billion by 2030. Active subscribers rose 246% year-over-year, highlighting retention improvements and a strong recurring revenue model.

Hapbee Technologies (HAPBF) reported significant growth in its Q1 2022 performance. The company shipped 1,253 units, a 60% increase from the prior year, and registered 2,941 subscribers, up 246%. Retention rates improved dramatically, with 65% of subscribers maintaining their subscriptions after six months. Users engaged in 220,000 hours of Blend playtime, a 350% rise, with notable use of sleep-related blends. Hapbee is focusing on scaling B2C and B2B sales strategies with new sleep product launches planned for later in 2022.

Hapbee Technologies, Inc. (HAPBF) announced results from a five-month study using Oura Ring data, showing significant improvements in sleep metrics among users of its biostreaming products. Users reported an increase in average Sleep Scores from 77.78 to 81.81 with the Deep Sleep blend and from 77.93 to 82.87 with the Bedtime blend. Notable improvements included 13.5 minutes more REM sleep and faster sleep onset times. With the sleep aid market projected to reach $111.92 billion by 2030, Hapbee aims to introduce a dedicated Sleepbee product line, signaling potential growth opportunities.

Hapbee Technologies has been recognized with an Honorable Mention in the Wellness Category of Fast Company’s 2022 World Changing Ideas Awards for its innovative Hapbee Neckband and associated Wellness Blends. This acknowledgment reflects the company’s commitment to advancing wellness technology. Additionally, Hapbee has made senior management appointments, including Brent Dobsch as CFO and Ken Adessky as Corporate Secretary. The company's mission remains focused on utilizing bio-streaming technology to enhance well-being without the side effects of conventional solutions.

Hapbee Technologies Inc. (OTCQB: HAPBF) has partnered with Neurosculpting Institute to enhance its wellness offerings. Neurosculpting, known for its meditation protocols, will promote Hapbee's Smart Wearable Neckbands, leveraging its network of around 50 practices across the U.S. The global meditation market, currently valued at US$5.30 billion, is anticipated to grow to US$20.53 billion by 2029. This partnership aims to increase visibility and distribution for Hapbee’s products, supporting its strategy to expand in the wellness sector.

Hapbee Technologies (HAPBF) has expanded its distribution network by entering agreements with 19 dealers and distributors across the U.S., Canada, Australia, and the U.K. This collaboration will enhance customer onboarding and brand exposure in the wellness sector, which is valued over US$1.5 trillion. In Q4 2021, Hapbee achieved a record of 1,751 Neckbands sold, totaling 5,200 products for the year. The company aims to broaden its reach by partnering with specialized health practices, further promoting their wellness products.