“Already renowned for its production of advanced technical high-precision instruments for the Royal Italian Navy, Guido Panerai & Figlio, which subsequently became ?Officine Panerai?, created the first prototype of a new design of watch in 1936. Using a Rolex movement, it was designed for a special military group that was being formed in Italy. “

Click here for the full article on Europastar!

I guess I am a bit of a Panerai-nut, sorry 🙂