Fossil Group,
Inc. and Intel Corporation announced the first week of September that they will
be collaborating to further develop wearable technology for the fashion
industry.
Fossil Group, a
global design, marketing and distribution company specializing in fashion
accessories will partner with Intel, a leader and innovator in the technology
industry, to identify, support and develop emerging trends in the wearable
technology space. The companies will work together on emerging products and
technologies that will be developed for the fashion-oriented consumer. Fossil
Group is committed to being a leader in the space and its work with Intel will
enable iconic fashion brands within the Company's portfolio to participate in
wearable technology in a fashionable way.
Mike Bell, Vice
President of Intel and General Manager of the New Devices Group, said:
"The combination of Intel's technology and Fossil Group's ability to
design innovative fashion accessories and to create, market and distribute
globally is why we are confident about this initiative. We are focused on
identifying trends and emerging uses of technology and accelerating wearable
technology innovation worldwide."
Fossil Group will
work closely with Intel Capital, Intel's global investment organization, to
identify and evaluate co-investments in emerging technologies to accelerate
industry innovation and stay at the forefront of the wearable consumer trend.
Intel Capital has invested in a wide range of start-ups in the wearables space,
including Thalmic Labs and Basis.