New Balance Announces License Agreement with Highgear

Boston, MA – New Balance Athletic Shoe, Inc. announces today that a licensing agreement has been signed with Highgear USA for the New Balance Sports Monitors category.
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CONTACT:
Kristen Sullivan, New Balance Athletic Shoe, Inc.
617.746.2421, Kristen.sullivan@newbalance.com

Coral Darby, Highgear USA
828.681.0335, cdarby@highgear.com

New Balance Announces License Agreement For Sports Monitors With HIGHGEAR®

Boston, MA – November 10, 2006 – New Balance Athletic Shoe, Inc. announces today that a licensing agreement has been signed with Highgear USA for the New Balance Sports Monitors category. Highgear is a leading outdoor and fitness instrument brand dedicated to innovative design, user-friendly interfaces, and competitive pricing.

“Highgear offers what we've been looking for within this technical category,” states Ed Haddad, Vice President of Intellectual Properties & Licensed Products at New Balance. “Our customers will now be able to purchase with confidence a high-quality, reliable sports monitor to compliment their New Balance shoe, apparel and accessory purchases.”

Based in Asheville, North Carolina and doing business internationally, Highgear will handle the design, development, and delivery of New Balance Sports Monitors throughout the United States. The inaugural collection of Sports Monitors consists of pedometers, running watches, and heart-rate monitors and will be available at retail in March 2007 through a Highgear appointed sales team.

Motivating the user to measure and achieve greater fitness, the New Balance Sports Monitors will initially target three distinct markets: fitness, running, and training. The VIA pedometer and HRT (touch heart-rate monitors “no strap required”) collections will target walkers and novice runners, the Vent chronograph watch series will address the needs of new and dedicated runners, and the N5 and N3 heart-rate monitors will fulfill the needs of core runners engaged in training or competition.

“To be associated with an industry powerhouse like New Balance is an amazing opportunity for Highgear,” states Mike Hosey, President and Founder of Highgear. "We thank them for their confidence in our ability to uphold the high standards associated with their brand.”

New Balance, headquartered in Boston, MA, is a leading manufacturer of technologically innovative width-sized performance footwear and athletic apparel for women, men, and children. The range of product categories includes running, walking, training, basketball, tennis, cleated, and kids. New Balance Athletic Shoe, Inc. employs more than 2,800 people around the globe, and in 2005 reported worldwide sales of 1.54 billion. For more information please visit http://www.newbalance.com.

Highgear was founded in 1999 with the commitment to provide outdoor and fitness enthusiasts with innovative solutions needed to conquer any adventure, big or small. One of the fastest growing companies in the outdoor industry, Highgear is known for incorporating highly accurate and user-friendly designs along with competitive prices in all of their products. From altimeters and pedometers to compasses and heart rate monitors, Highgear products have always been and continue to be at the forefront of gear technology and design. For more information please visit http://www.highgear.com.




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