Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) said it has filed two US patent applications for its new sleep-oriented products.
The company said it filed a provisional patent application for the technology underpinning its Sleepbee Sleep Mask. The product has been engineered to help enhance users' sleep, recovery, and daily routine. The wearable will be worn over a user's eyes, like a traditional sleep mask.
Hapbee also filed a non-provisional patent application for its Sleepbee Mattress Topper which has the capability of emitting Hapbee ultra-low radio frequency signals to provide a soothing and seamless experience for users.
READ: Hapbee appoints CEO Yona Shtern as chairman to succeed company founder Chris Rivera
Both products can be controlled digitally, through the Hapbee App, to satisfy a range of preferences.
The company said it has already built a proof-of-concept prototype for the Sleepbee Sleep Mask and Sleepbee Mattress Topper. Hapbee is currently engaged in advanced design iterations, with an emphasis on producing chic products that utilize high-quality fabrics and materials for the sleep mask and bed topper.
"Amongst the most important aspect to one's overall wellness is getting consistent and scheduled rest," said Hapbee CEO Yona Shtern in a statement.
"Our rest and recovery signals have become popular among current Hapbee Neckband users. With our Sleepbee Sleep Mask and Sleepbee Mattress Topper, we intend to enhance our wellness platform and the use cases for our signals by providing elegant and optimal form factors. There are no products like these currently on the market."
The global sleep aids market alone is projected to grow to US$97.31 billion in 2026 from US$71.63 billion in 2021. Hapbee intends to service this growing marketplace through its proprietary signals and blends, and the future commercial launch of its Sleepbee Sleep Mask and Sleepbee Mattress Topper.
Hapbee said that it anticipates the commercial launch of the Sleepbee Sleep Mask and Sleepbee Mattress Topper will be in the third quarter and 4Q of 2022, respectively.
Hapbee Neckband sales
Meanwhile, Hapbee said it sold a quarterly record 1,751 Hapbee Neckbands in the 4Q of 2021, bringing its total number of products shipped and sold in 2021 to approximately 5,200.
"Although it's early innings for Hapbee in respect to our commercialization initiatives, I am very pleased with the traction we are gaining in the D2C marketplace for our wellness platform," Shtern said. "I look forward to building on our success as we delve deeper into Hapbee's commercialization strategy for 2022."
The company intends to expand its marketing outreach throughout 2022 to accelerate sales growth.
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