Partnering Agreements Aim to Measure Impact of Hapbee Wearable on Veterans' Wellbeing
VANCOUVER, BC, March 8, 2021 /PRNewswire/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), a wellness technology company developing the revolutionary Hapbee wearable, is pleased to announce it has signed partnering agreements with two U.S. veteran non-profit organizations, Grey Team Inc. ("Grey Team") and The Mission After, to enable data collection with respect to users' perception of the impact of Hapbee signals on their stress and productivity levels within a sample group of military veterans.
"These early-stage agreements mark the beginning of what I hope will become meaningful, long-term collaborations with Grey Team and The Mission After," said Scott Donnell, CEO of Hapbee. "Hapbee is honored to have the opportunity to engage with military veterans. The overarching goal with these agreements is to help veterans with stress management and productivity – aspects I think most all of us want to improve upon."
Under the terms of the partnering agreements, Grey Team and The Mission After have purchased approximately twenty Hapbee wearables for veterans' use at a discounted rate. Each Hapbee wearable will come with a lifetime subscription to all six original signals and are specifically for the purpose of R&D and user experience data collection. The partner organizations will, with users' permission, provide Hapbee with access to users of the product to garner individual responses and feedback.
About Grey Team
Grey Team is a 501(c)(3) nonprofit organization whose sole mission is to support active-duty U.S. soldiers and military veterans by building and implementing solutions to reduce and eliminate PTSD related suicides.
Grey Team is the only privately funded program that is proven to facilitate and cultivate post-traumatic growth. It is through the generous donations of private citizens, as well as grants, that Grey Team continues to offer these therapeutic services to veterans and active duty service members at no cost. Its goal is to help those most in need of healing by providing a place where they feel welcomed and safe so that they may restore health, peace, and happiness to their lives.
About The Mission After
Based in Seattle, Washington, The Mission After (formerly known as Healing Our Heroes Foundation TMA) is a 501(c)3 nonprofit focused on research and implementation of programs that support veterans to live their best life after service. The Mission After, with the support from their strategic partner organizations, strives to provide veterans with access to new and emerging technologies as well as innovative treatment alternatives focused on pain, stress, anxiety, and depression.
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.
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 the goals of the partnering agreements and future obligations thereunder; research and development and data collection by the Company and partner organizations and the sharing of access to such information; the goals and services offered by Grey Team and The Mission After and the costs thereof, 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 ability of the Company to receive the benefits of the partnering agreements as anticipated and the other parties to such agreements fulfilling their respective obligations; ability to successfully get consent of users for research and development and user experience data collection; and a continued working relationship with Grey Team and The Mission After.
Factors that could cause the actual results to differ materially from those in the forward-looking statements include, Grey Team or The Mission After may not fulfill some or all of their obligations under the partnering agreements; users may not provide consent to the Company to access users responses and feedback; the goal of the partnering agreements may not be realized as expected or at all; 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.
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