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Ahsan Ashraf Joins Jaylen Brown as Hapbee Investor, Executive and Board Member
Globenewswire· 2025-06-27 20:30
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]
Hapbee Issues Clarification of June 24, 2025 Press Release on Q1 2025 Financial Results
Globenewswire· 2025-06-25 20:56
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]
Wearable Devices Advances AI Health Monitoring Platform as U.S. HHS Embraces Wearable Tech
Globenewswire· 2025-06-25 12:21
Core Insights - Wearable Devices Ltd. is expanding its Large Motor Unit Action Potential Model (LMM) into new markets, including predictive health monitoring and cognitive state analytics, providing real-time physiological insights for health and wellness monitoring [1][4][5] - The expansion aligns with increasing interest in personalized wellness devices, supported by advocacy from U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr., for wearable technology in health monitoring [2][3] - The LMM technology is designed to continuously learn and adapt, transforming muscle activity signals into actionable insights, which can revolutionize preventive diagnostics and digital health tracking [4][5] Market Opportunities - The LMM platform will be made available to enterprises, researchers, and developers, enabling businesses to develop custom applications for healthcare and sports, and integrate real-time physiological insights into their solutions [5][7] - The technology aims to enhance cognitive state and performance analytics by monitoring focus, fatigue, and stress levels, thereby optimizing productivity and mental well-being [7] - Wearable Devices is positioned to accelerate commercialization and strategic partnerships across the health sector, reinforcing its role as a pioneer in bio-signal intelligence and neural interface technology [5][8] Product Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology, with products like the Mudra Band and Mudra Link, which facilitate touch-free interaction through subtle movements [6][8] - The company operates a dual-channel business model, targeting both direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing AR/VR/XR markets [6][8]
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
Core Insights - Hapbee Technologies, Inc. has launched a redesigned mobile app featuring an AI-powered discovery engine, 13 new Vibes, and real-time in-app customer support [1][2][3] Product Enhancements - The updated app aims to improve usability, personalization, and customer engagement, available on both Apple and Android devices [2] - Key features include a refreshed design, intelligent search, an AI-powered assistant for personalized guidance, and a community hub for updates and support [5][6] - New Vibes introduced target specific use cases such as alertness, focus, relaxation, and social ease, enhancing user experience [4][5] Financial Reporting Status - The filing of the annual audited financial statements for the year ended December 31, 2024, is delayed, with completion expected by June 30, 2025 [7][8] - A Management Cease Trade Order (MCTO) was issued, restricting trading by the CEO and CFO until the required filings are completed [9][10] Community Engagement - The app allows users to report issues, request help, and provide feedback directly, improving response times and user satisfaction [13] - User feedback will shape future app updates and features, fostering a connection with the broader Hapbee community [13]