The deals enable the company to gain more access to different regions and deliver its products to a wider audience, said chairman and CEO Yona Shtern
Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) said it has entered into distribution agreements with a total of 19 dealers and distributors, which will promote and distribute Hapbee’s products to their respective patients and customers.
The dealers comprise various specialized health and wellness practices which include psychotherapy, physical therapy, rheumatology, nutrition and others. Most are based in North America and are located across 13 US states and one Canadian province, while the remaining dealers and distributors operate in the UK and Australia.
“Our focus is to extend our distribution network globally and we are pleased to partner with value-added dealers and distributors who can enhance the customer onboarding experience as they integrate Hapbee into their practices,” said Yona Shtern, chairman and CEO of Hapbee in a statement.
“This will enable us to gain more access to different regions and deliver our products to a wider audience. Furthermore, these partnerships will provide us with extensive brand exposure within our target market given that we are leveraging leading health and wellness experts to promote and deliver Hapbee Neckbands to their customers.”
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Under the distribution agreements, both parties will collaborate to provide product insights as well as training and support. In addition, special promotional pricing may be offered through this controlled channel using an exclusive affiliate code on Hapbee.com, which can only be provided by businesses that have partnered with Hapbee.
Hapbee announced in February that it had sold and shipped a quarterly record of 1,751 Neckbands in the fourth quarter of last year and a total of 5,200 Hapbee products in 2021 as a whole.
“The global wellness industry is valued at more than US$1.5 trillion, and Hapbee has laid the groundwork for its dealer and distribution network to expand within this space,” the company said.
Hapbee, with offices in Montreal, Vancouver, Seattle, and Phoenix, is a leading wearable wellness technology platform on a mission to help people improve their wellbeing and enhance how they feel. The Hapbee Neckband, which is powered by patented ultra-low radio frequency energy (ulRFE) technology, delivers low-power electromagnetic signals designed to help improve its users’ productivity, recovery, downtime, and sleep.
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