The first smartwatch to use Qualcomm’s new Snapdragon Wear 3100 processor has been announced, reports 9to5Google. The Montblanc Summit 2 is a premium watch that’s available today starting at $995, and it will benefit from many of the features introduced by Qualcomm’s new chipset, including a low-power secondary processor (which Montblanc claims offers a week of battery life on “Time Only mode”) and a much richer ambient display than Qualcomm’s previous hardware.

Outside of the new processor, the Summit 2 includes a healthy spec bump over the original Summit. RAM has been upped from 512MB to 1GB, and internal storage has gone from 4GB to 8GB. This hardware is housed in a 14.3mm-thick case equipped with a 1.2-inch screen that runs Wear OS 2.1.

Montblanc’s announcement comes in the wake of the Apple Watch Series 4, which is the company’s best wearable in years. However, with a price tag that’s over double that of Apple’s 2018 competitor, Montblanc is clearly targeting an entirely different market that was previously served by Apple’s “Edition” series of watches. With the Edition line now dead, Montblanc has a lot less competition. But considering Apple failed to attract interest in the $1,000-plus smartwatch market with the most popular smartwatch in the world, Montblanc will have its own challenges to overcome.