Η Huami Corporation (NYSE: HMI), a company of biometric measurements and data-driven activities, with significant know-how in smart portable technology, announced today that it has entered into an agreement with the Group Timex, the world leader in watchmaking for more than 160 years.
Together, the two companies will explore new opportunities to develop new products, and increase their global presence in the smartphone market, combining Timex's long-standing expertise in terminology with its artificial intelligence technology. Huami, and the possibilities of designing and manufacturing applications that it has, so that together they prepare new products with emphasis on performance, style, and quality. The agreement aims to optimize both the company's global market share and mature markets (USA, Europe etc.) as well as emerging markets ( China ,Southeast Asia etc.) .
In addition, companies will work closely together to explore and develop together new value-added services, including electronic payment, weight management, sports, fitness and healthcare services for users, taking advantage of its cloud service platform. Huami and technology AI Technologies.
"We are excited about the opportunities offered by this Agreement, in particular the ability to leverage Timex's advanced channels to gain deeper access to the US and other mature markets."He said Wang Huang , President and CEO of Huami Corporation. "Together, we will work to develop business models for the promotion, marketing and distribution of smartwatches in our combined customer base and expect to utilize the distribution capabilities of each company throughout the global market, while benefiting from established online and offline channels . The new alliance will further enable us to provide Cloud-based products and services to our global users ».
"Together with Huami, we will create a new generation of smartwatches that will overturn the Status and this category. We will offer new opportunities for the development and production of world-class products in the respective fields, and we are ready to create new products and services, which will provide convenient access to users of smart devices to valuable data and useful services with the world around them. ", Added o Tobias Reiss-Schmidt , President and Chief Executive Officer Timex group. “With Timex's deep-rooted product development capabilities and expertise combined with Huami's enhanced sports, healthcare and AI technology, we have the opportunity to offer cutting-edge technology that can be worn by consumers around the world.".
About Huami Corporation
Η Huami is a biometric company active in the field of data with significant know-how in smart portability technology. Since its inception in 2013, Huami has rapidly established its leading position in the global market and its recognition with the release of millions of units of smart mobile devices. In 2017, Huami sold 18,1 million units of smart mobile devices. Huami has one of the largest biometrics and business databases in the global smartphone industry. Huami mobile applications work hand in hand with its smart mobile devices, providing users with a complete picture and analysis of biometric data, and their activity data. In addition to designing, manufacturing and selling smartwatches and watches, and its own Amazfit Brand, Huami is the exclusive partner of Xiaomi, a leading mobile internet company and global consumer electronics market.
For more information, visit address http://ir.huami.com .
About the TIMEX Group
Η Timex group designs, manufactures and markets innovative watches worldwide. The Timex Group is a privately held company based in Middlebury, Connecticut with multiple modules and over 3.000 employees worldwide. As one of the largest watch manufacturers in the world, Timex Group companies produce watches under a number of well-known brands, including Timex, Nautica, Guess, GC, Salvatore Ferragamo , Versace, Versus and Ted Baker .
For more information, visit address http://timexgroup.com .
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