Manufacture Modules Technologies

Manufacture Modules Technologies Sàrl, commonly known as MMT, is a Swiss technology company serving the watch industry with connected-watch hardware, embedded software and supporting digital infrastructure. The company was established in Geneva in 2015 as a joint venture between Fullpower Technologies and Union Horlogère Suisse, also referred to in historical accounts as Swiss Watchmakers Corporation. Its original purpose was to bring connected functionality to traditional Swiss watches through a platform designed specifically for horological products rather than treating them simply as consumer-electronics devices. MMT initially focused on the development and commercialization of horological smartwatch modules, firmware, smartphone applications and cloud services. Its first major technology platform was the MotionX Horological Smartwatch Open Platform. The platform was intended to let Swiss watch brands add activity, sleep and other connected features while preserving a conventional watch-oriented product proposition. The first licensees identified in the company’s history were Frederique Constant, Alpina and Mondaine, brands associated with Union Horlogère Suisse. The division of responsibilities between the founding partners reflected their respective capabilities. Fullpower Technologies was responsible for circuit design, firmware, smartphone applications—including sleep and activity functions—and cloud infrastructure. MMT handled development and production of the Swiss watch movement, together with technology licensing and support for participating brands. This model positioned MMT as an enabling supplier rather than a consumer-facing watch label: its work could appear inside products sold under established watch brands. In July 2016, Union Horlogere Holding and MMT were separated from the Frédérique Constant Group. Around the same period, Union Horlogere Holding BV acquired Fullpower Technologies’ 19.99 percent interest, making the holding company the sole owner of MMT. This ownership change consolidated control of the technology business within the watch-industry holding structure. MMT subsequently broadened its activities beyond modules integrated into watch movements. Its capabilities came to include firmware, cloud services, manufacturing, technical service and over-the-air software upgrades. The company also developed mobile applications marketed with a “Swiss Made software” designation. In addition, it expanded into electronic straps, or “E-Straps,” which are operated through a mobile application and provide another route for adding connected functionality to traditional watches. The company is located at Geneva’s Skylab high-tech hub. Its role in the connected-watch ecosystem is primarily business-to-business: it develops and supports the underlying technology, manufacturing processes and digital services used by watch brands. Publicly available reference material identifies Philippe Fraboulet as chief executive officer. Detailed information about MMT’s current product portfolio, revenues, workforce, geographic sales distribution and standalone consumer branding is not established in the supplied sources.

Manufacture Modules Technologies was established in Geneva in June 2015 by Fullpower Technologies and Union Horlogère Suisse. The venture was created to address the emerging demand for connected functions in Swiss watches while retaining the design language and mechanical-watch orientation of established watch brands. Rather than introducing a standalone mass-market smartwatch brand, the company supplied the technical building blocks that watchmakers could incorporate into their own products. Its first major initiative was the MotionX Horological Smartwatch Open Platform. The platform combined watch hardware with firmware, mobile applications and cloud-based services. The initial licensees were Frederique Constant, Alpina and Mondaine, all associated with Union Horlogère Suisse. Through this structure, MMT supported connected-watch products carrying established watch-brand names. The original operating model divided technical and industrial responsibilities between the shareholders. Fullpower Technologies managed circuit design, firmware, smartphone applications and cloud infrastructure. The applications included functions related to sleep and activity tracking. MMT was responsible for the Swiss watch movement’s development and production, as well as licensing and support for the watch-industry customers using the platform. In July 2016, MMT and Union Horlogere Holding were spun out of the Frédérique Constant Group. Fullpower Technologies subsequently sold its 19.99 percent interest in MMT to Union Horlogere Holding BV. Following that transaction, Union Horlogere Holding BV held all of MMT’s shares. The change gave the watch-industry holding company complete control over the connected-technology subsidiary. MMT’s scope later expanded from integrated horological smartwatch modules to a broader technology and service offering. The company has been described as providing firmware, cloud infrastructure, manufacturing, service support and over-the-air upgrade facilities. It also offers mobile applications presented as “Swiss Made software.” In addition, the company developed and manufactured E-Straps, electronic straps operated through a mobile application. These products represented an alternative way to add connected functionality to conventional watches without relying exclusively on electronics embedded in the watch case or movement. MMT is based at Geneva’s Skylab high-tech hub. Its public profile remains that of an industry supplier and technology platform company rather than a broad consumer brand. The available reference material identifies Philippe Fraboulet as its chief executive officer but does not provide a complete management history, detailed financial information or a comprehensive current customer list.

• 2016

  Corporate spin-out

  [1]Manufacture Modules Technologiesen.wikipedia.org

  MMT and Union Horlogere Holding are spun out of the Frédérique Constant Group.

• 2016

  Union Horlogere Holding BV becomes sole owner

  [1]Manufacture Modules Technologiesen.wikipedia.org

  Union Horlogere Holding BV acquires Fullpower Technologies’ 19.99 percent interest in MMT and takes full ownership.

• 2015

  MMT is established in Geneva

  [1]Manufacture Modules Technologiesen.wikipedia.org

  Fullpower Technologies and Union Horlogère Suisse form Manufacture Modules Technologies as a joint venture focused on connected-watch technology for Swiss watchmakers.

• 2015

  MotionX platform introduced

  [1]Manufacture Modules Technologiesen.wikipedia.org

  MMT launches the MotionX Horological Smartwatch Open Platform, with Frederique Constant, Alpina and Mondaine named as initial licensees.

A Swiss B2B technology partner for traditional watchmakers, combining connected-watch modules, embedded software, mobile applications, cloud infrastructure, manufacturing and service support.

• Connected-watch platform · 2015

  MotionX Horological Smartwatch Open Platform

  MMT’s original connected-watch platform combined horological hardware with embedded firmware, smartphone applications and cloud infrastructure. It was designed for Swiss watch brands seeking activity, sleep and other connected functions while maintaining a traditional watch proposition. The platform’s initial licensees included Frederique Constant, Alpina and Mondaine.

• Wearable hardware · 2015

  Horological smartwatch modules

  These modules are the embedded hardware elements used to add connected capabilities to watches. MMT’s role included development and commercialization of the modules, together with related firmware, manufacturing and support services for watch-industry customers.

• Electronic watch straps

  E-Straps

  E-Straps are electronic watch straps operated through a mobile application. They extend MMT’s connected-watch activities beyond electronics integrated directly into a watch and provide a separate physical location for connected functions and user interaction.

• Software and digital services

  Swiss Made software and cloud services

  MMT provides firmware, mobile applications, cloud infrastructure, technical service and over-the-air upgrade facilities. Its applications are presented under a “Swiss Made software” label and support the operation and maintenance of connected-watch products.

• 2016

  Fullpower Technologies exits MMT ownershipM&A

  Background

  MMT and Union Horlogere Holding were spun out of the Frédérique Constant Group, changing the venture’s corporate structure.

  Action taken

  Union Horlogere Holding BV acquired Fullpower Technologies’ 19.99 percent shareholding.

  Aftermath

  Union Horlogere Holding BV became the 100 percent owner of MMT.

  Source

• 2015

  Launch of the MotionX Horological Smartwatch Open PlatformProduct launch

  Background

  Swiss watch brands were seeking connected functions that could be integrated into traditional watch products and brand ecosystems.

  Action taken

  MMT introduced an open platform combining horological modules, firmware, smartphone applications and cloud services.

  Aftermath

  Frederique Constant, Alpina and Mondaine were identified as the platform’s initial licensees.

  Source

1. 1Manufacture Modules Technologiesen.wikipedia.org