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SCHAUMBURG, IL, FOOTHILL RANCH, CA and BEDMINSTER, NJ — Motorola, Inc. (NYSE: MOT), a global leader in wireless communications, and Oakley, Inc. (NYSE: OO), a worldwide leader in premium sunglasses and performance products, today announced the availability of RAZRWIRETM Bluetooth®-enabled eyewear at select Verizon Wireless retail stores and online at www.verizonwireless.com. RAZRWIRE combines patented Oakley High Definition Optics® with leading Bluetooth wireless technology from Motorola.
Fusing innovation, fashion and intelligent communications, RAZRWIRE leverages Bluetooth technology to take active-wear to a new level. RAZRWIRE's detachable Motorola Bluetooth wireless headset lets active and style conscious consumers experience hands-free, cable-free communications.
"We know consumers need devices that keep them connected as they move from one environment to the next and RAZRWIRE is the ideal solution-setting a new standard for wearable wireless technology," said Bruce Hawver, vice president of companion products, Motorola's Mobile Device business. "Synonymous with the leading edge of communications services, Verizon Wireless is a perfect match for the state-of-the-art technologies of this invention."
"As our alliance with Motorola continues to extend the possibilities of Oakley's new electronics category, the expansion of distribution into accounts like Verizon Wireless underscores our joint strategy to partner with the world's best companies," said Cos Lykos, vice president of business development, Oakley, Inc. "Distribution of RAZRWIRE will be supported by the strength and global recognition of the Verizon Wireless brand, including its well-earned reputation for customer service and loyalty."
"Whether relaxing in South Beach or shopping on Rodeo Drive, RAZRWIRE lets our customers stay in touch without having to stay put," said Patrick Bucci, director of accessory products, Verizon Wireless. "Having built our reputation on the reliability of our nationwide network, RAZRWIRE will only complement the innovative, fun and quality accessory product that Verizon Wireless has available to our customers today."
RAZRWIRE Availability
RAZRWIRE Bluetooth-enabled eyewear will be available at select Verizon Wireless retail locations nationwide and online at www.verizonwireless.com, www.hellomoto.com, and www.oakley.com for $295 which includes the sunglasses, Bluetooth module and a wall charging unit. RAZRWIRE is currently available in three frame/lens color combinations: Platinum/Gold Iridium®, Pewter/Black Iridium® and Mercury/Gray. RAZRWIRE can also accommodate Oakley prescription lenses. Additional information can be found at http://oakley.motorola.com.
About Motorola, Inc.
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, on the go. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of $31.3 billion in 2004. For more information: www.motorola.com.
About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 49.3 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
About Oakley, Inc.
Oakley: a world brand, driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading, premium sunglasses, the company offers a full array of products including performance apparel and accessories, prescription eyewear, footwear, watches and electronics to consumers in more than 100 countries. Trailing-12-month net sales through September 30, 2005 totaled $638.7 million and generated net income of $52.6 million. Oakley, Inc. press releases, SEC filings and the company's annual report are available at www.oakley.com.
The Oakley Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1533
Oakley Safe Harbor Disclaimer
This press release contains certain statements of a forward-looking nature. Such statements are made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to growth and strategies, future operating and financial results, financial expectations and current business indicators are based upon current information and expectations and are subject to change based on factors beyond the control of the company. Forward-looking statements typically are identified by the use of terms such as "look,'' "may,'' "will,'' "should,'' "might,'' "believe,'' "plan,'' "expect,'' "anticipate,'' "estimate'' and similar words, although some forward-looking statements are expressed differently. The accuracy of such statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including but not limited to: risks related to the sale of new product introductions in the company's electronics category; the company's ability to maintain approved vendor status and continue to receive product orders from the U.S. military; the company's ability to integrate and operate acquisitions; the company's ability to manage rapid growth; risks related to the limited visibility of future sunglass orders associated with the company's ``at once'' production and fulfillment business model; the ability to identify qualified manufacturing partners; the ability to coordinate product development and production processes with those partners; the ability of those manufacturing partners and the company's internal production operations to increase production volumes on raw materials and finished goods in a timely fashion in response to increasing demand and enable the company to achieve timely delivery of finished goods to its retail customers; the ability to provide adequate fixturing to existing and future retail customers to meet anticipated needs and schedules; the dependence on eyewear sales to Luxottica Group S.p.A, which, as a major competitor, could materially alter or terminate its relationship with the company; the company's ability to expand and grow its distribution channels and its own retail operations; unanticipated changes in general market conditions or other factors, which may result in cancellations of advance orders or a reduction in the rate of reorders placed by retailers; a weakening of economic conditions could continue to reduce demand for products sold by the company and could adversely affect profitability, especially of the company's retail operations; terrorist acts, or the threat thereof, could adversely affect consumer confidence and spending, could interrupt production and distribution of product and raw materials and could, as a result, adversely affect the company's operations and financial performance; the ability of the company to integrate licensing arrangements without adversely affecting operations and the success of such initiatives; the ability to continue to develop and produce innovative new products and introduce them in a timely manner; the acceptance in the marketplace of the company's new products and changes in consumer preferences; reductions in sales of products, either as the result of economic or other conditions, or reduced consumer acceptance of a product, could result in a buildup of inventory; the ability to source raw materials and finished products at favorable prices to the company; the potential impact of periodic power crises on the company's operations including temporary blackouts at the company's facilities; foreign currency exchange rate fluctuations; earthquakes or other natural disasters; the company's ability to identify and successfully execute cost control initiatives; the impact of quotas, tariffs, or safeguards on the importation or exportation of the company's products and other risks outlined in the company's SEC filings, including but not limited to the Annual Report on Form 10-K for the year ended December 31, 2004 and other filings made periodically by the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update this forward-looking information. Nonetheless, the Company reserves the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates.
Notes to Editors:
Digital imagery of RAZRWIRE: www.motorola.com/motoinfo.
Free B-roll/video content on RAZRWIRE: www.thenewsmarket.com/motorola.
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