NYSE: FIT $ 7.14 +0.17 +2.44% Volume: 7,103,538 December 11, 2017
06/20/2017

Minnesota Timberwolves and Fitbit Announce Multi-Year Partnership Naming Company “Official Wearable,” “Official Sleep Tracker” and Jersey Patch Sponsor

Partnership Aimed at Helping Improve Performance throughout the Organization

MINNEAPOLIS & ST. PAUL, Minn. & SAN FRANCISCO--(BUSINESS WIRE)-- The Minnesota Timberwolves, as part of a series of summer announcements highlighting a new era for the organization, today announced a new three-year partnership with Fitbit, the leading global wearables brand. Fitbit is now the “Official Wearable” and “Official Sleep Tracker” of the Minnesota Timberwolves, Minnesota Lynx and Iowa Wolves in a partnership that extends to the court, arena, back-office and fans. Fitbit will provide access to devices to all three teams, including business and basketball staffs, offering personalized insights that can be used to gain a competitive advantage and improve performance throughout the organization. Fitbit’s logo will appear on Timberwolves player uniforms beginning with the 2017-18 season as the team’s jersey patch partner, as well as on the Iowa Wolves jerseys.

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The jersey patch will be unveiled later this summer with the new uniforms. The team will wear the jerseys for the first time during two exhibition games against the Golden State Warriors in October as part of the 2017 NBA Global Games in China.

“With many synergies between our two organizations, Fitbit is the ideal partner for our first ever jersey patch,” said Timberwolves & Lynx CEO Ethan Casson. “As a business, we are taking a fresh look at technology and innovation, and partnering with a company that also values the importance of data and analytics will serve us both well in the years to come. We look forward to working with Fitbit towards the common goal of improving organizational performance and serving the health and wellness of our communities.”

Fitbit and the Timberwolves organization are exploring opportunities for the Iowa Wolves to serve as a testbed for using Fitbit technology in new ways to enhance basketball performance. The Timberwolves will encourage all employees to adopt Fitbit devices to further establish the organization as a leader of corporate health and wellness.

“We’re excited to partner with an organization that recognizes and embraces the powerful role that innovative technology, data and analytics can play in improving performance,” said Tim Rosa, SVP & Chief Marketing Officer at Fitbit. “Wearable technology is in a position to change the sports and fitness landscape, and we’re committed to working hand-in-hand with the Timberwolves to identify new ways that Fitbit can provide value throughout the organization and also bring an engaging experience tied to health and wellness to fans and the community.”

Fitbit will also receive a number of marketing assets, including branding and integration across the team’s mobile app, in-arena signage and team store. The companies are working to integrate the new concessions menus into the food logging section of the Fitbit app, making it easier for fans to make more informed decisions about what to eat and track food consumed at games. Fitbit will also reach fans through the team’s social channels, including the branded Fitbit Stat Tracker that showcases Timberwolves player stats and highlights, and involvement in community relations events, as well as Fitbit Challenges.

Fitbit will have the opportunity to grow visibility and relationships within a market that is considered one of the leaders in fitness. Duluth topped Fitbit’s Fittest Cities list in 2017, with Minneapolis ranking second in 2016, and Minnesota is home to many like-minded companies, clients and partners of Fitbit, including UnitedHealth Group, providing additional opportunities for collaboration in the future.

The announcement is the latest in a series of announcements tied to the new era of Timberwolves basketball. The new era has three key areas of focus: being champions on the court, having world-class facilities and staff, and growing the game of basketball. With new leadership on the court and in the boardroom, the franchise is poised for more significant changes in the coming months. Target Center’s renovation project, complete with new premium spaces, seating and concourse improvements, will hit the finish line in time for the beginning of the 2017-18 season. There are several exciting announcements slated for the very near future, including additional news on continued improvement in the areas of technology, enhanced community involvement, the new jersey design, and additional partners and upgrades to amplify business operations and improve the fan experience and fan engagement. The franchise will also enter its first season with the NBA G League’s Iowa Wolves for the 2017-18 season.

See a video highlighting Zach LaVine’s first-hand experience using Fitbit Blaze.

About Fitbit, Inc. (NYSE: FIT)

Fitbit helps people lead healthier, more active lives by empowering them with data, inspiration and guidance to reach their goals. As the leader in the connected health and fitness category, Fitbit designs products and experiences that track everyday health and fitness. Fitbit’s diverse line of award-winning products includes Fitbit Surge®Fitbit Blaze™, Fitbit Charge 2™Alta HR™, Alta™, Fitbit Flex 2™, Fitbit One® and Fitbit Zip® activity trackers, as well as the Aria® Wi-Fi Smart Scale. Fitbit products are carried in 54,000 retail stores and in 65 countries around the globe. Fitbit Group Health uses the power of the Fitbit activity trackers, software and services to deliver innovative solutions for corporate wellness, weight management, insurance and clinical research. Fitstar by Fitbit offers a digital health and fitness platform that helps and inspires users to get fit anytime, anywhere, and has a footprint of over 8.3 million downloads across the Fitstar Personal Trainer and Fitstar Yoga apps, with availability in 155 countries.

Fitbit and the Fitbit logo are trademarks or registered trademarks of Fitbit, Inc. in the U.S. and other countries. Additional Fitbit trademarks can be found at www.fitbit.com/legal/trademark-list. Third-party trademarks are the property of their respective owners.

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Source: Fitbit, Inc.

Timberwolves

Kirsten Wenker, 612-673-8419

Kirsten.Wenker@timberwolves.com

or

Fitbit

Jen Ralls, 415-941-0037

PR@fitbit.com