The managements of Fossil Group and Intel Corporation have announced plan to collaborate to further develop wearable technology for the fashion industry.
This was contained in a statement signed by the management of both companies.
Fossil Group, a global design, marketing and distribution company that specialises 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. According to the statement, the companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer.
Chief Executive Officer of Fossil Group, Kosta Kartsotis, while commenting on the collaboration said: “We are very excited about collaborating with Intel and working to develop the next innovation in the emerging wearable technology space. Combining our fashion lifestyle brands with Intel’s expertise in technology, hardware and innovation will position us to be a leader in this segment.”
On his part, Vice President of Intel and General Manager of the New Devices Group, Mike Bell, said the combined effort of Intel’s technology and Fossil group’s ability would help design innovative fashion accessories that would be in line with global expectation.
He said: “We are focused on identifying trends and emerging uses of technology and accelerating wearable technology innovation worldwide.”
He disclosed that Fossil will work closely with Intel Capital, Intel’s global investment organisation, 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 wearable space, including Thalmic Labs and Basis.
Source : Independent