AppYea Launches Smart Biofeedback-Based Wristband to Address Snoring
Rhea-AI Summary
AppYea Inc. (OTCQB: APYP) has launched AppySleep, an innovative wearable solution to address snoring and monitor sleep apnea. The device consists of a smart biofeedback-based wristband that connects to an app on iPhone or Android. It detects snoring and activates gentle vibrations to prompt users to change their sleeping position.
Key features include:
- AI-powered customization of snoring treatment
- Detection of irregular breathing patterns
- Personal cloud access for sleep history and statistics
- Introductory price of $149
AppYea is also developing AppySleep LAB, a touchless app for diagnosing sleep apnea without overnight lab stays. The company plans to pre-submit an FDA request for AppySleep LAB in H1 2025. Market projections indicate significant growth potential in the sleep tech and anti-snoring treatment sectors.
Positive
- Launch of AppySleep, an innovative wearable solution for snoring and sleep apnea monitoring
- AI-powered customization for snoring treatment
- Development of AppySleep LAB for touchless sleep apnea diagnosis
- Planned FDA pre-submission for AppySleep LAB in H1 2025
- Expanding marketing efforts in the U.S. and Canada
Negative
- None.
News Market Reaction
On the day this news was published, APYP gained 3.31%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Wristband connects to an app on iPhone or Android to detect snoring and activates gentle vibrations, prompting users to change their sleeping position
At this stage of the launch, the app can be downloaded for free. However, using the app requires purchasing the accompanying wristband, available at the company's store (http://www.appysleep.com) or on Amazon for an introductory price of
Customers who purchase AppySleep during the launch will receive a free access to a personal cloud where they can view their sleep history, statistics, personalized graphs, and track improvements in their snoring and overall sleep quality.
In the coming months, the company plans to expand marketing efforts in the
In addition, Appyea is making progress with the development of AppySleep LAB - a touchless app designed for diagnosing sleep apnea without the need for an overnight stay in sleep labs.
The company estimates that it will pre-submit a request to the FDA of AppySleep LAB during H1 2025.
Bary Molchadsky, Chairman of AppYea, commented on the product launch: "Snoring is a common issue, particularly for individuals over the age of 35, yet there have been no comfortable solutions. AppySleep offers an easy-to-use technological solution with an intuitive interface. Our app listens for breathing patterns and, when continuous snoring is detected, activates a gentle vibration in the wristband that encourages users to shift to a side-sleeping position. After several weeks of use, the vibration helps condition users to sleep in the correct position, significantly reducing snoring. The vibration settings can be customized through the app."
Mr. Molchadsky added: "The app provides users with detailed reports and graphs, allowing them to monitor the reduction of snoring over time as well as track other important parameters, including irregular breathing patterns."
The company's online store also offers detailed instructions on how to use the product, along with instructional videos: https://appysleep.com/how-it-works.
Market Overview:
- According to Precedence Research, the Sleep Tech Devices Market was valued at
USD 21.10 billion in 2023 and is expected to reachUSD 113.16 billion by 2033, growing at a CAGR of18.23% from 2024 to 2033. The wearables segment held the largest market share, approximately76% , in 2023 and is expected to maintain its dominance throughout the forecast period. - Fior Markets reports that the Global Anti-Snoring Treatment Market is projected to grow from
USD 4.3 billion in 2020 toUSD 8.6 billion by 2028, reflecting a CAGR of9.07% during the period from 2021 to 2028. - Fior Markets also estimates that the Global Sleep Apnea Devices Market will reach
USD 6.4 billion by 2025.
About AppYea
AppYea is a Healthtech company commercializing innovative wearable technology for the treatment of snoring and developing wearable solutions to diagnose and treat sleep apnea. The Company's solutions are based on its proprietary IP portfolio of AI and sensing technologies for the tracking and analysis of breathing patterns, vital signs, and other physiological parameters during sleep, designed for greater accuracy at lower and affordable cost.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of AppYea are subject to many factors including, but not limited to, the sufficiency or working capital and our ability to raise the capital needed to fund our development efforts, the going concern qualification in our financials, timing of product development, the success of the new App, customer acceptance of our products in the market, the introduction of competitive products, the effectiveness of our product distribution networks, the impact of any product liability or other adverse litigation, commercialization and technological difficulties, and the other risks identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on April 1, 2024, as subsequently supplemented. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information, or otherwise.
Contact:
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: APYP@Crescendo-IR.com
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SOURCE AppYea Inc.
FAQ
What is the price of AppYea's AppySleep wristband?
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