Intel and Luxottica Group Announce Multiyear Collaboration for Wearable Tech
December 03 2014 - 7:05AM
Business Wire
THE NEW YORK TIMES INTERNATIONAL LUXURY CONFERENCE –
Intel Corporation and Luxottica Group S.p.A (MTA: LUX; NYSE: LUX)
today unveiled a multiyear R&D collaboration to fuse premium,
luxury and sports eyewear with smart technology.
This strategic alliance will push the boundaries of research and
development to anticipate what smart technology for eyewear will
look like in the future. The ultimate goal is to help pioneer that
change and deliver smart, fashion-forward products that are
meaningful and desirable to consumers. The first product from Intel
and Luxottica is expected to launch in 2015.
“The growth of wearable technology is creating a new playing
field for innovation,” said Intel CEO Brian Krzanich. “Through our
collaboration with Luxottica Group, we will unite our respective
ecosystems and bring together Intel’s leading-edge silicon and
software technology with Luxottica’s design innovation and consumer
expertise. We expect the combination of our expertise to help drive
a much faster pace of innovation and push the envelope of what’s
possible.”
"This is an incredible opportunity for us to continue to
innovate and further shape the future of eyewear," said Massimo
Vian, CEO of Luxottica Group. "Together with Intel, we will
continue to develop the potential of wearables, expanding the
limits of what eyewear can be. We'll lead the change to create
frames that are as intelligent and functional as they are
beautiful. Products that consumers will love to wear."
About Intel
Intel (NASDAQ:INTC) is a world leader in computing innovation.
The company designs and builds the essential technologies that
serve as the foundation for the world’s computing devices. As a
leader in corporate responsibility and sustainability, Intel also
manufactures the world’s first commercially available
“conflict-free” microprocessors. Additional information about Intel
is available at newsroom.intel.com and blogs.intel.com, and about
Intel’s conflict-free efforts at conflictfree.intel.com.
About Luxottica Group
Luxottica Group (MTA: LUX; NYSE: LUX) is a leader in premium,
luxury and sports eyewear with over 7,000 optical and sun retail
stores in North America, Asia-Pacific, China, South Africa, Latin
America and Europe, and a strong, well-balanced brand portfolio.
House brands include Ray-Ban, the world’s most famous sun eyewear
brand, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli
and Arnette, while licensed brands include Giorgio Armani, Bulgari,
Burberry, Chanel, Coach, Dolce & Gabbana, Donna Karan, Polo
Ralph Lauren, Prada, Michael Kors, Starck Eyes, Tiffany and
Versace. In addition to a global wholesale network involving 130
different countries, the Group manages leading retail chains in
major markets, including LensCrafters, Pearle Vision and ILORI in
North America, OPSM and Laubman & Pank in Asia-Pacific,
LensCrafters in China, GMO in Latin America and Sunglass Hut
worldwide. The Group's products are designed and manufactured at
its six manufacturing plants in Italy, three wholly owned plants in
the People’s Republic of China, one plant in Brazil and one plant
in the United States devoted to the production of sports eyewear.
In 2013, Luxottica Group posted net sales of more than Euro 7.3
billion. Additional information on the Group is available at
http://www.luxottica.com.
Intel CorporationClaudine Mangano, +1
408-887-2706claudine.a.mangano@intel.comhttp://newsroom.intel.comorNicola
Procaccio, +39 (02) 5754
4456nicola.procaccio@intel.comorLuxottica GroupAlessandra
Senici, +39 (02) 8633 4870Group Investor Relations and Corporate
Communication
DirectorInvestorRelations@luxottica.comwww.luxottica.com/en/company/investorsorJane
Lehman, +1 646-335-5200Vice President, Corporate Communications,
NAjlehman@us.luxottica.com
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