Wearables could be worth about $81.5 billion in 2021. In fact, “A recent report from research house Gartner indicates a global increase in wearable sales of 18.1% (vs 2020) totaling $81.5 billion,” adding that the “global wearable device market to continue to grow beyond 2021 and reach $109 billion in 2024.” Spending on ear-worn devices, for example was up about 124% in 2020 to approx. $32.7 billion, according to Gartner analysts. By 2026, according to Markets and Markets, the industry could be worth up to $265.4 billion. Those are solid growth catalysts for companies, such as Hapbee Technologies, Inc. (TSXV: HAPB)(OTCQB: HAPBF), Peloton Interactive Inc. (NASDAQ:PTON), Nautilus Inc. (NYSE:NLS), Alphabet Inc. (NASDAQ:GOOG), and Amazon.com Inc. (NASDAQ:AMZN).
Look at Hapbee Technologies, Inc. (TSXV: HAPB)(OTCQB: HAPBF) for example
Hapbee Technologies’ wearable technology, for example uses low frequency magnetic fields to stimulate sensations on command -- almost like your own personal “Netflix of Feelings.”
Magnetism has been used for various wellness purposes over hundreds of years. Reportedly, they can produce analgesic responses, stimulate bone growth, reduce tissue swelling, promote wound healing, decrease pain, as well as help with depression and obsessive compulsive disorder (OCD). They can also help control happiness, focus, relaxation, and even alertness.
In addition, Hapbee Technologies, Inc. just announced the launch of its first new signal since the original six were made available to the public. This seventh signal, “Bedtime,” is intended to help users wind down at the end of a long day.
The upcoming launch of the “Bedtime” signal marks a significant milestone for Hapbee’s platform, as it demonstrates the Company’s ability to execute on its business model of seamless, new signal releases intended to enhance user experience and optionality. Public release of the “Bedtime” signal is anticipated for April 27, 2021.
“Launching a new signal demonstrates Hapbee’s ability to deploy new technology across both app and firmware updates. Future firmware and software updates will continue to expand the signal content available through the app as well as enhance product functionality for users who already have our wearable in hand.” says Brian Mogen, PhD, Hapbee’s Chief Scientific Officer.
Hapbee currently has several additional signals in its research and development pipeline. The selection and development of the “Bedtime” signal was based on current customer feedback, market research and a growing awareness of the importance of healthy sleeping habits. According to a recent study highlighted by StudyFinds.org, “Nearly two-thirds of Americans (62%) struggle to fall asleep each night.” Hapbee intends to service this growing marketplace through the launch of its new signal and other initiatives.
“Uninterrupted, quality sleep is crucial for physical and mental fitness. ‘Bedtime’ aims to help people unplug from all the noise in their day and to get the good night’s sleep they deserve,” says Scott Donnell, CEO of Hapbee. “The new ‘Bedtime’ signal will be utilized by users of the Hapbee wearable band. Additionally, and pending successful prototype completion, this new signal could be utilized in the bed-related product we are currently developing.”
Prior to the development of the Company’s new “Bedtime” signal, Hapbee’s wearable came pre-loaded with six signals: Alert, Happy, Calm, Relax, Focus and Deep Sleep (formerly Sleepy). The Company believes “Bedtime” will work best when used 30-60 minutes before bed, during one’s bedtime routine, or on a long flight. It was developed to be used alone or before the Deep Sleep signal.
Hapbee is available for purchase at Hapbee.com. The Company is currently in the research and development phases of creating future signals intended to be rolled out later this year.
Other related developments from around the markets include:
Peloton Interactive Inc., the leading interactive fitness platform, today announced that it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. With this acquisition, Peloton establishes its U.S. manufacturing capacity, anticipates boosting research and development capabilities with Precor's highly-skilled team and accelerating Peloton's penetration of the commercial market. Peloton plans to produce connected fitness products in the United States before the end of the calendar year 2021.
Nautilus Inc., an innovation leader in connected home fitness, announced that it has hired John Goelz as Chief Supply Chain Officer, effective immediately. In this new position, Goelz will lead the transformation of Nautilus’ global end-to-end supply chain to deliver innovative strategies, including sourcing, procuring, cost management, manufacturing, warehousing, transportation and distribution to accelerate product delivery.
Alphabet Inc. will hold its quarterly conference call to discuss first quarter 2021 financial results on Tuesday, April 27, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call. Please visit the Investor Relations website at abc.xyz/investor on April 27, 2021 to view the earnings release prior to the conference call.
Amazon.com Inc. announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and stores worldwide, which will generate 8.5 GW of electricity production capacity globally. With this latest announcement, Amazon is now the largest corporate purchaser of renewable energy in Europe, with more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year.
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