Asus announced their first Smart Watch - The ZenWatch. This is an Android Wear smart watch that features a 1.63" 320x320 AMOLED display, a 1.2 Ghz CPU, 512MB of RAM, 4GB of storage and a battery that should last over a day. It also features a heart rate sensor.
According to my sources, the AMOLED supplier is not Samsung Display (even though they also produce a 1.63" 320x320 OLED) but AU Optronics. If true this is the first commercial product that uses an AMOLED from AU Optronics (well, actually in 2006 AUO produced 2" AMOLEDs, but they stopped production shortly after and only resumed it in 2014).
The ZenWatch will be released in October or November 2014 and will cost €199 ($260).