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SMART IDEAS / TOMORROW'S TECHNOLOGY

  OZ Technology Takes On Adidas & Nike In Beijing

By Businessweek | Friday | 04/07/2008

Only months out from the Olympics in Beijing China, one of the world's leading business magazines Businessweek has been singing the praises of a small Australian Company that has developed technology hugging clothing. Called Skins the $35 million dollar Company that is based in Sydney is set to compete up against some of the biggest brands in the world including Adidas and Nike.

Businessweek claims that as the Summer Olympics approach, makers of snug-fitting sports apparel are turning up the marketing volume on new garments designed to improve muscle strength, aid circulation, and deliver other benefits. Some of the claims fall short of medical proof, but the movement is having one clear effect: putting pressure on Under Armour (UA), which pioneered the trend.


The magazine also claims that for years, doctors have prescribed compression socks for deep vein thrombosis, an ailment marked by pooling of blood in the veins. The supports, often worn on long plane trips, help push blood through the veins. Credit for bringing the idea to the mass market goes to Under Armour, which grew into a $606 million megabrand by marketing its gear as a hip answer to loose-fitting cotton T-shirts.

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