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The Fossil Group will transfer part of the research and development team working on smart watches to Google. Thus, the technology giant will have a dedicated team with hardware expertise operating within WearOS 'dedicated team and potentially designing new smart watches. The pbadage of this equipment is due to an agreement between the two companies, valued at $ 40 million and also providing for the transfer of certain technologies and intellectual property, notes The Verge .
Part of the technology involved in this activity refers to a new product innovation that has not yet been commercialized, said Greg McKelvey, executive vice president of Fossil. According to the announcement made by Google and Fossil in the announcement of this partnership, the team should develop a new type of device or technology dedicated to the health and well-being of users . There is still no indication of what this technology could be, but it was appealing enough for Google to consider paying $ 40 million.
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