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Hapbee Engages SILSYNC to Design and Engineer Bed-Related Form Factor

(TSXV: HAPB)

VANCOUVER, BC, Jan. 12, 2021 /PRNewswire/ – 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.