Officially announced by Google, Android Wear is Google's Android/Nexus platform for smartwatches/wearables. As for specifics on the OS, hardware and watch itself, not much was given. However, we do know brands such as HTC, LG, Motorola, Samsung and Asus are all lined up to create the Android Wear smartwatches for consumers late this year. Fossil is also included in the mix, but probably for fashion reasons. We do know that Android wear will be utilizing it's hands-free 'Ok Google' to get updated content, send text, place calls, etc. much like with the Google Glass.
Since the announcement today, two company, LG and Motorola, have announced their line of Android Wear smartwatches, dub LG G and Moto 360.
LG G
Motorola has put thought on designing a classic timepiece, with a more traditional and premium look. Unlike other smartwatches currently on the market, it is had a circular look, with a digital interface.
Sources: Google | Engadget | Motorola