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Hapbee Delivers Breakout Q1 2025: Record Growth, Leaner Operations, and a Clear Path to Scalable Profitability
Globenewswire· 2025-06-24 15:31
Core Insights - Hapbee Technologies Inc. reported a 191% revenue growth in Q1 2025 following a 198% sales surge in Q4 2024 while achieving a 62% reduction in operating expenses [1][2][5] Q1 2025 Highlights - The company experienced a significant increase in device sales, with unit sales more than tripling year-over-year and nearly 50% growth over Q4 2024 [5] - Operating expenses were reduced by 62% compared to Q4 2024, achieved through cost optimization strategies [5] - Gross margin improvements were noted due to stable costs and refined pricing strategies, with ongoing supply chain optimizations [5] - A redesigned mobile app and website were launched to enhance user experience and drive recurring revenue growth [5] - The ambassador program expanded with the engagement of human performance expert Gary Brecka, enhancing brand presence [5] - Marketing messaging was revised to address seven key wellness challenges, creating a multi-solution wellness platform [5] Strategic Continuity from 2024 - Q1 2025 performance builds on a transformative 2024, reinforcing the company's mission to make wellness accessible and effective [4] - The company is positioned for scalable growth, combining revenue acceleration with disciplined cost control [4][6] Financial Performance - Device sales revenue increased by 198% quarter-over-quarter, with unit shipments doubling due to enhanced customer engagement [5] - The retail footprint expanded to over 380 Target locations, increasing national consumer access [5] - An affordable Smart Sleep Membership was introduced at $10/month or $99/year, broadening accessibility for users focused on sleep [5]
Rest easy with the Index Sleep Monitor smart sleep band from Garmin
Prnewswire· 2025-06-18 11:02
Core Insights - Garmin has launched the Index™ Sleep Monitor, a lightweight smart sleep band designed to track various health metrics related to sleep and recovery [1][3][4] Product Features - The Index Sleep Monitor tracks sleep stages, heart rate variability (HRV), breathing variations, skin temperature, and more, providing a comprehensive view of overall fitness and recovery [1][2][6] - It features up to 7 nights of battery life with continuous Pulse Ox tracking and syncs data to the Garmin Connect™ app for further analysis [1][4] - The device includes a smart wake alarm that gently wakes users during lighter sleep stages, enhancing the waking experience [4] Health Metrics - Users receive a personalized sleep score (0-100) each morning based on various factors such as sleep duration and stress levels [6] - The device tracks specific sleep stages (light, deep, REM) and provides insights into HRV status, breathing patterns, skin temperature changes, and stress levels [6] - Women's health tracking features are included, offering insights into menstrual cycles and pregnancy [6] Availability and Pricing - The Index Sleep Monitor is available in two sizes (S-M and L-XL) and is priced at a suggested retail price of $169.99 [4]
Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
CNBC· 2025-06-17 18:12
Core Insights - Meta and EssilorLuxottica are set to launch AI-powered smart glasses under the Oakley and Prada brands, expanding their wearable technology offerings [1][2] - The Oakley glasses will target athletes and active consumers, building on the success of the second-generation Ray-Ban glasses released in 2023 [2][3] - The Oakley version is expected to retail around $360 and will feature technology similar to the Ray-Ban Meta glasses [4] Group 1 - The partnership with Prada marks Meta's first venture into high-end fashion eyewear, following a renewed 10-year licensing agreement between Prada and Luxottica [5][6] - The Oakley glasses will be more weather-resistant than Ray-Ban counterparts, appealing to outdoor and sports enthusiasts [4] - Meta's strategy includes leveraging the popularity of its Ray-Ban glasses among users engaged in sports activities [3] Group 2 - Luxottica, which has licensing agreements with over 150 brands, plays a crucial role in the development and distribution of these new eyewear products [5] - The design of Prada glasses, featuring thick temples, is advantageous for housing necessary components for smart glasses [6] - The announcement date for the Prada product line remains unspecified, indicating potential future developments in Meta's fashion collaborations [6]
Hapbee Is Upgrading U.S. Listing to OTCID to Expand Investor Access and Increase Market Visibility
Globenewswire· 2025-06-12 21:00
Group 1: Company Update - Hapbee Technologies Inc. has upgraded its U.S. listing from the OTC Pink Sheets to the OTCID tier on the OTC Markets Group platform, effective July 1, 2025 [1][2] - The upgrade reflects the company's commitment to enhancing transparency and accessibility for a broader group of U.S.-based retail and institutional investors [2][3] - The CEO of Hapbee expressed excitement about the upgrade, stating it provides U.S. investors with improved visibility and access to the company's shares in a more structured trading environment [3] Group 2: Financial Statements Update - The filing of the annual audited financial statements for the year ended December 31, 2024, remains delayed, with the company expecting to file these statements within the next seven days [5][6] - The auditor is finalizing the audit for review by the company's audit committee, and the company does not anticipate issues in completing the required filings by June 30, 2025 [6] - A Management Cease Trade Order (MCTO) was issued on May 1, 2025, restricting trading by the company's CEO and CFO, but it does not affect other investors [7][8] Group 3: Company Overview - Hapbee is a digital wellness company that utilizes ultra-low radio frequency energy (ulRFE®) in its wearable devices to promote wellness states such as focus, relaxation, and improved sleep [10] - The company's product ecosystem includes the Hapbee Mobile App, Smart Sleep Pad, Neckband, and Immersive Mattress Topper, catering to wellness enthusiasts, athletes, and health professionals [11]
Introducing Venu X1: Garmin's ultrathin smartwatch with an industry-leading 2-inch display
Prnewswire· 2025-06-12 11:01
Core Insights - Garmin has launched the Venu® X1 smartwatch, which features an ultrathin design, a revolutionary 2-inch display, and superior battery life, setting new standards in the smartwatch industry [1][2][3] Product Features - The Venu X1 includes a titanium caseback, a scratch-resistant sapphire lens, and an easy-to-read AMOLED display, all within an 8mm watch case [1][9] - It is equipped with a built-in speaker and microphone, allowing users to make and take calls directly from the watch when paired with a compatible smartphone [4][6] - The smartwatch features a bright LED flashlight for enhanced visibility in dark environments [4] - Battery life lasts up to 8 days in smartwatch mode, promoting less frequent charging [1][5] Design and Usability - The Venu X1 is designed for all-day wear, featuring a lightweight construction and customizable watch faces for easy access to important data [9] - It includes a 24mm quick-release ComfortFit nylon band for a comfortable and secure fit [9] - Available in two color options: black and moss [9] Pricing and Availability - The suggested retail price for the Venu X1 is $799.99, with availability starting in June [5]
Vuzix Wins Most Innovative XR Product Award from XR Today and Will Participate in Augmented World Expo USA 2025
Prnewswire· 2025-06-09 16:10
Core Insights - Vuzix Corporation is recognized as a finalist for the "Best Headworn Device" category at the AWE Auggie Awards and has won the Most Innovative XR Product award from XR Today [1][3][4] - The company will showcase its smart glasses, including the Ultralite Pro, at the Augmented World Expo USA 2025, which is the largest conference for AR, VR, and wearable technology [2][3] - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 425 patents and numerous IP licenses [6] Company Participation and Recognition - Vuzix will participate in the Augmented World Expo USA 2025 from June 10 to June 12, 2025, at the Santa Clara Convention Center [1][2] - The Ultralite Pro Smart Glasses are highlighted as a lightweight 3-D binocular display platform for both enterprise and consumer applications [2] - The XR Awards 2025 celebrates excellence in XR technologies across various sectors, including healthcare and logistics [3] Leadership and Innovation - Paul Travers, President and CEO of Vuzix, emphasized the company's commitment to innovation and its role in enhancing user experiences and operational efficiency [4] - Vuzix continues to solidify its position as a key player in the AR industry through its innovative products and solutions [4][6]
Hapbee Launches Redesigned Mobile App with AI-Powered Discovery Engine, Expanded Vibe Library and Real-Time In-App Support to Enhance Personalization, Usability, and User Engagement
Globenewswire· 2025-05-30 12:45
Company Also Updates Status of Audited Financial StatementsVANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB | OTCQB: HAPBF), the digital wellness company specializing in non-chemical, frequency-based wearable technology, today announced the launch of its newly redesigned mobile app. The update features an AI-powered discovery engine, 13 new Vibes, and now also includes real-time, in-app customer support. These updates are part of Hapbee’s broader strategy ...
Wearable Devices Receives U.S. Patent for Innovative Gesture Control, Enabling Precision Interaction with Digital Devices
Globenewswire· 2025-05-30 12:45
Yokneam Illit, Israel, May 30, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, recently announced that the United States Patent and Trademark Office has granted a continuation of its patent titled “Gesture and Voice-Controlled Interface Device”, strengthening its leadership in revolutionizing intuitive human-device interactions for next- ...
Wearable Devices Secures U.S. Patent for Continuous Gesture Control, Enabling Fine-Tuned Interaction with Digital Devices
Globenewswire· 2025-05-22 12:32
The newly allowed patent advances Wearable Devices' neural gesture technology, unlocking seamless pinch-to-zoom, volume control, and object manipulation in mid-air Yokneam Illit, Israel, May 22, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced that the United States Patent and Trademark Office has allowed a continuation of ...
DuPont and Epicore Biosystems Collaborate to Advance Worker Safety Through Smart Wearable Technology
Prnewswire· 2025-05-20 16:21
Core Insights - Epicore Biosystems and DuPont Personal Protection have formed a collaboration to enhance worker safety and well-being through advanced sweat-sensing wearables and protective garments [1][5] - The partnership aims to leverage DuPont's expertise in protective clothing and Epicore's hydration management technology to provide data analytics and insights for worker safety [1][2] Company Overview - Epicore Biosystems specializes in digital health solutions, particularly in developing advanced sweat-sensing wearables that offer real-time personalized health insights [7] - DuPont is a global leader in innovation, providing technology-based materials and solutions across various industries, including worker safety [9] Industry Context - Rising temperatures and extreme climate conditions are leading to cognitive and physical decline in physically demanding industries, highlighting the need for personalized hydration and safety measures [2] - The 2024 OSHA Notice of Proposed Rulemaking emphasizes the regulatory focus on heat injury and illness prevention, making the integration of biometric data and personal protective equipment increasingly critical [2] Product and Technology - Epicore's Connected Hydration platform is the first smart wearable solution designed to help workers manage hydration and recovery using sweat-sensing technology [3] - The collaboration aims to combine Epicore's data-driven health monitoring with DuPont's protective clothing to create individualized strategies for worker safety in high-risk environments [3][5]