The watch can be used to measure a user's vital signs such as respiration and heartbeat, as well as check phone calls and Facebook posts. If your vital signs aren't within the optimal range the device will make suggestions on how to improve them.
"With such a device, you can keep your phone in your pocket and simply check all kinds of messages on your watch," Hon Hai chairman Terry Gou told shareholders.
The company plans to add new features to the device in the future, such as fingerprint detection.
Apple has also been rumored to be making a smartwatch, already dubbed the 'iWatch'.
Read More [via Tzvi]