Meta Watch’s fashionable and functional brand of smartwatches strengthens CE distributor’s Emerging Technology Strategy
Carson, CA – August 11, 2014 – New Age Electronics, a leading distributor of consumer electronics and gaming products and services, and a division of SYNNEX Corporation (NYSE: SNX), announced that it has signed an exclusive distribution agreement with Meta Watchto sell its line of fashionable, high-end smartwatches to the retail channel. Meta Watch’s META M1 is a new premium brand boasting eight elegant smartwatch configurations and premium finishes complete with a simple, connected watch face that delivers relevant information via iOS or Android smartphones. By adding Meta Watch, New Age Electronics continues to build out its wearable technology portfolio within its recently launched Emerging Technology Strategy.
The Consumer Electronics Association (CEA) recently noted that the growth potential for the smartwatch category continues to increase, as smartwatches have become both fashionable and mainstream. CEA expects the number of smartwatches showcased at the International Consumer Electronics Show (CES) to double from 2014 to 2015. According to BI Intelligence, the global smartwatch market is expected to reach $9.2 billion by 2018.
Meta Watch’s META M1 assortment includes the M1 Core, M1 Color and M1 Limited. The unique gullwing lug design enhances comfort, fit and wearability. The META M1 line is constructed using stainless steel cases, with stainless steel or ballistic nylon lugs and a variety of high quality strap materials including stainless steel bracelets, leather and natural rubber. Black or Rose Gold plated versions are also available. The connected smartwatch platform can be customized to work with a variety of services via the META smartphone app rather than multiple locally run applications. These curated notifications ensure a focus on the traditional wristwatch experience, providing information at a glance.
“As a key emerging player in the smartwatch space, Meta Watch has hit a home run by pairing functionality and comfort with brilliant design,” said Fred Towns, President, New Age Electronics. “We are thrilled to bring these fashionable devices to the retail channel as part of our increasing focus on wearable technology and overall Emerging Technology Strategy.”
“By working with New Age Electronics, Meta Watch is able to quickly expand our market presence through leading retailers and e-tailers and ensure more consumers experience our exciting, innovative META brand,” said Bill Geiser, Meta Watch Founder and CEO. “As the wearable technology category continues to grow, we look forward to relying on New Age Electronics’ long-standing industry expertise as we navigate this dynamic channel.”
US retailers can contact New Age Electronics to learn more about the opportunities surrounding Meta Watch at 310-952-5820 firstname.lastname@example.org.
About New Age Electronics
New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales and supply chain solutions innovator that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufactured services. Extensive experience in the CT industry and a customer-centric approach has made New Age Electronics the provider of choice. New Age Electronics distinguishes itself with efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age Electronics is headquartered in Carson, California. For more information about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company’s website at www.synnex.com/nae.
About SYNNEX Corporation SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs approximately 53,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com. About Meta Watch Meta Watch, spun out of the Fossil Group in 2011, has spent nearly a decade creating fashion and lifestyle-oriented smart watches for the modern mobile ecosystem. At the heart of Meta Watch’s vision is the belief that fashion softens technology and welcomes it into your life. We strive to create functional, practical, and beautifully smart watches. For more information, visithttp://www.metawatch.com.
Safe Harbor Statement
Statements in this release that are forward-looking, such as product capabilities and features, product availability and showcasing, smartwatch market size and growth, and wearable technology category growth and focus, involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.
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