Hapbee Provides Update on Recent Corporate Developments – Manufactured and Shipped Over 1,800 Hapbee Wearables to Early Adopters, Fulfilled All Orders From Successful Indiegogo Campaign, Released Public Beta Version of Smartphone App

Hapbee Technologies, Inc., a wellness technology company developing the Hapbee wearable product, is pleased to provide an update on its recent corporate developments.

“Earlier this year, we launched an Indiegogo campaign as a means of introducing Hapbee while gathering valuable feedback from early adopters and supporters. I’m proud to say we have fulfilled all orders from this successful pilot project,” said Scott Donnell, Chief Executive Officer of Hapbee.

“We are developing more than a cool new consumer product. Hapbee is about helping people maximize their potential. The feedback we’re receiving from early adopters is providing invaluable data for our team to advance and improve Hapbee prior to its larger scale commercial rollout in 2021.”

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Recent Key Developments from Hapbee:

Manufactured and Shipped Over 1,800 Units

Despite challenges due to the ongoing pandemic, Hapbee has manufactured and shipped approximately 1,840 units to early adopters and supporters to date, the majority of which were backers from the Company’s successful Indiegogo campaign launched in Q1 2020 (see Hapbee’s press release dated July 17, 2020 for further details).

Released Public Beta Version of Hapbee Companion App

Hapbee released the public beta version of its iOS and Android smartphone app on the App Store and Google Play. Core features such as Bluetooth pairing, signal selection (e.g. Happy, Alert, Focus, Relax, Calm and Sleepy), playback, and usability controls are operational. The public beta version of the Hapbee Companion App is now providing the Company with pertinent usage data, bug reports, and UX feedback. The Company intends to use this information to refine the overall Hapbee user experience.

Over the past 45 days, Hapbee users logged approximately 25,000 hours of signal play time on the Hapbee Companion App. Initial data show that the most popular usage patterns are Alert in the mornings and afternoons, and Sleepy in the late evenings.

New Corporate Website and Rebranding

Hapbee recently launched a new corporate website that features enhanced branding, an e-commerce portal, and additional educational content for prospective customers and investors. Please visit www.hapbee.com to learn more about our mission, product, and ambitious goals for the future.

Closed C$6.5 Million Private Placement and Commenced Trading on the TSX Venture Exchange

In July 2020, Hapbee announced it closed a financing for gross proceeds of approximately C$6.5 million (see Hapbee’s press release dated July 17, 2020 for further details). Additionally, on October 30, 2020, the Company commenced trading on the TSX Venture exchange under the ticker symbol “HAPB”.

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