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Wednesday, 10 September 2014

Fossil Group And Intel Corporation Announce Collaboration

Fossil group and Intel Corporation has announced that they will be collaborating to further
develop wearable technology for the fashion industry.

Fossil  Group,  a  global  design,  marketing  and  distribution  company  specializing  in  fashion
accessories  will  partner  with  Intel,  a  leader  and  innovator  in  the  technology  industry, to  identify,  support  and  develop  emerging  trends  in  the  wearable  technology  space.

The  companies  will  work  together  on  emerging  products  and  technologies  that  will  be developed  for the  fashion-oriented consumer. Fossil Group is committed to being a leader in the space and its work with Intel will enable iconic fashion brands within the Company's portfolio to participate in wearable technology in a fashionable way.

Kosta Kartsotis, Chief Executive Officer of  Fossil Group, commented:  "We are very excited about collaborating with Intel and working to develop the next innovation in the emerging wearable technology space. Combining our fashion lifestyle brands with Intel's expertise in technology, hardware and innovation will position us to be a leader in this segment."

Mike Bell, Vice President of Intel and General Manager of the New Devices Group, said: "The combination  of  Intel's  technology  and  Fossil  Group's  ability  to  design  innovative  fashion accessories  and  to  create,  market  and  distribute  globally  is  why  we  are  confident  about
this initiative. We are  focused  on identifying  trends and emerging  uses  of  technology and accelerating wearable technology innovation worldwide."

In  addition,  Fossil  Group  will  work  closely  with  Intel  Capital,  Intel's  global  investment
organization,  to  identify  and  evaluate  co-investments  in  emerging  technologies  to accelerate  industry  innovation  and  stay  at  the  forefront  of  the  wearable  consumer trend.  Intel  Capital  has  invested  in  a  wide  range  of  start-ups  in  the  wearables  space, including Thalmic Labs and Basis.

About Fossil Group Inc.
Fossil Group, Inc. is a global design, marketing and distribution company that specializes in consumer lifestyle and fashion accessories.

The Company's principal offerings include an extensive line of men's and women's fashion watches and jewelry sold under a diverse portfolio of proprietary and licensed brands, handbags, small leather goods, accessories and clothing.

The Company's products are sold to department stores, specialty retail stores and specialty watch and jewelry stores in the U.S. and in approximately 150 countries worldwide through approximately 25 Company-owned foreign sales subsidiaries and a network of over 60 independent distributors.

The Company also distributes its products in over 550 Company-owned and operated retail stores, through its international e-commerce websites and through the Company's U.S. e-commerce website atwww.fossil.com.

Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.

AboutIntel
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.

Source ; The Quadrant Company

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