As the first shipments of Meta Watches are, after initial delays, finally starting to reach those who pre-ordered it, it has been announced that Fossil no longer owns the product. As it is proclaimed, Meta Watch is sold to the team of investors, although the exact price is not disclosed. Among the investors, there are Juha Pinomma, previously the President of Sunto, as well as the executive of Nokia, and the former leaders of Fossil’s Watch Technology, David Rosales and Bill Geiser.
The new Chairman of Meta Watch Pinomaa explained that their decision is motivated with the estimation that billions of people will own smart phones in the next decade. This fact generates immense possibilities for the success of all companies that are producing connected watches, as well as other similar devices. “Acquiring Meta Watch, not only gives us a head start in this emerging growth market, it brings us the industry’s most experienced management team”, said the Chairman of the newly founded independent company.
Bill Geiser, the CEO of Meta Watch, shares the excitement of his chairman, while underlining the experience of their team, as well as their intent to enable consumers to be stylish and mobile at the same time. The new company will be situated in Dallas, Texas, while the research and development center will be open in Espo, Finland, in order to profit from Finnish renowned success in constructing mobile devices.
Meta Watch still costs $200 and can be ordered from the U.S. and Europe (Nothing has really changed, except the fact that the name of the brand is now written as two words, instead of one, on their official website). One of the greatest qualities of this product remains to be the fact that it allows developers to effortlessly extend the interfaces and applications of devices. Meta Watch is available in a digital version and a digital-analog one.