Core Insights - Hapbee Technologies, Inc. has completed transformative changes to its Board of Directors, marking a significant step in its growth roadmap [1][3] - The new board is expected to guide the company through its most exciting growth phase, leveraging diverse experience across various sectors and geographies [3][4] Leadership Update - Rizwan "Riz" Shah has been appointed as the Chairman of the Board, bringing over 25 years of experience in growth and transformation strategies [3][4] - The board now includes members with expertise in innovation, legal, finance, global strategy, and commercialization, enhancing its capability to drive Hapbee's growth [4][6] Company Overview - Hapbee is a digital wellness technology company focused on helping users optimize sleep, performance, and overall well-being through its patented ultra-low radio frequency energy (ulRFE®) technology [4][6] - The company's products and subscriptions are available for purchase online and through a growing network of distributors [4]

Core Insights - Hapbee Technologies Inc. is expanding its Board of Directors by adding three senior leaders in technology, legal, and finance to support its growth phase and innovation efforts [1][2] - The company has revoked the Management Cease Trade Order (MCTO) following the filing of its 2024 audited annual financial statements, allowing its CEO and CFO to trade securities without restrictions [3] Group 1: Board Expansion - Ahsan Ashraf has been appointed to the Board as Chief Technology Officer, enhancing leadership as the company focuses on innovation and market expansion [1][2] - The Board will increase from eight to ten members to better manage the company's growing scale and complexity [2] - Mark Timm will step down from the Board after four years, with the CEO expressing gratitude for his contributions [3] Group 2: Revocation of MCTO - The revocation of the MCTO allows the company's CEO and CFO to trade securities freely, following the submission of required financial statements [3] - The MCTO was previously approved under National Policy 12-203 by the British Columbia Securities Commission [3] Group 3: Company Overview - Hapbee Technologies is a digital wellness company that specializes in bio-streaming wearables aimed at optimizing sleep, focus, mood, and recovery [4] - The company's technology delivers safe, non-invasive signals to promote well-being, all managed through a mobile app [4] Group 4: New Board Members - Kenneth S. Adessky joins as Corporate Counsel and Corporate Secretary, bringing extensive legal and regulatory expertise [6] - Rachid Lassal, CPA, joins the Board with a background in global finance, focusing on corporate finance and public company readiness [6]

Core Insights - Hapbee Technologies Inc. reported a significant sales surge of 198% in Q4 2024, followed by a 191% revenue growth in Q1 2025 while successfully reducing operating expenses by 62% [1][2][5] Group 1: Financial Performance - Q1 2025 highlights include a tripling of device sales year-over-year, increasing from 338 units to 1,404 units, and a nearly 50% increase from Q4 2024 [5] - Device sales revenue rose 198% quarter-over-quarter, from $125K to $375K, driven by enhanced customer engagement and education [5] - Operating expenses decreased from $1.6 million to $584K, reflecting a 62% reduction due to cost optimization strategies [5] Group 2: Strategic Initiatives - The company launched a redesigned mobile app and website aimed at improving user experience and subscription management, which are crucial for recurring revenue growth [5] - An ambassador program featuring wellness experts and brand advocates has been established to enhance brand awareness and digital demand [5] - A partnership with Jumeirah Group was initiated to integrate Hapbee products into luxury spa programs, with plans for global expansion [5] Group 3: Product Development - Upcoming product launches include the Immersive Mattress Topper and Neckband V2, which are part of the next-generation wearable lineup [5] - An Affordable Smart Sleep Membership was introduced at $10/month or $99/year, aimed at increasing accessibility for sleep-focused users [5] Group 4: Market Positioning - The company revised its marketing messaging to address seven predominant wellness challenges, creating a multi-solution wellness platform [5] - The retail footprint expanded to over 380 Target locations and Target.com, enhancing national consumer access [5]