Hapbee Advances New Signals into Closed Beta Phase

Hapbee Completes CE Certification, Enabling Entry into European Market

(TSXV: HAPB)

VANCOUVER, BC, Dec 1, 2020 /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) ("Hapbee" or the "Company"), a wellness technology company developing the revolutionary Hapbee wearable, is pleased to announce it is advancing several new signals into the closed beta phase of testing. Pending successful testing completion and licensing arrangements with EMulate Therapeutics, Inc., there will be a new signal launch through the Hapbee Companion App in Q1 2021.

"Our team has identified several promising signal candidates that have the potential to enhance moments in people's daily lives," said Scott Donnell, Chief Executive Officer of Hapbee. "Following successful completion of closed beta testing with humans and licensing activities, we aim to launch at least one of these new signals through the Hapbee Companion App in early 2021. The development of new signals is paramount to our organizational goal of continually providing Hapbee members with new experiences."

The Company expects to begin closed beta testing of the signals in the coming weeks.

Completed CE Certification for Wearable Wellness Product

Hapbee has completed Conformitè Europëenne ("CE") certification and declaration for its wearable wellness product, enabling it to be sold within the European Union ("EU"). The EU is home to over 500 million consumers across 28 member countries, making it the second largest consumer market in the world.

The CE mark signifies that a product sold in the European Economic Area has been assessed to meet high safety, health, and environmental protection requirements. CE marking does not indicate that a product has been approved as safe by the EU or by another authority.

About Hapbee

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.

You can learn more about how Hapbee works at www.hapbee.com/science

Forward-Looking Information Disclaimer

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 Hapbee's business plans or its upcoming development targets – including development of the Hapbee smartphone app, manufacturing and shipping for the Indiegogo campaign, research and development of new signals and the Company's pursuit of a public listing – 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 present and future business strategies and the environment in which the Company will operate in the future, including, anticipated costs, and the ability to achieve its goals.

Factors that could cause the actual results to differ materially from those in the forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, 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 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. Although such statements are based on management's reasonable assumptions, there be no assurance that the listing of the common shares of the Company will occur. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit: www.hapbee.com.

SOURCE Hapbee Technologies Inc.

Scott Donnell ([email protected])