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New Balance Unveils First Tech: Fitness Watch

Athletes won’t lace up the latest product from Boston-based shoemaker New Balance; instead, they’ll strap it on. It’s a smartwatch called RunIQ, powered by chips from Intel Corp. and software from Alphabet Inc., parent company of Google. The RunIQ is a big bet by New Balance that it can win a major share of the nascent market for wearable fitness devices.

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