• Pebble’s new Index 01 ring is a finger-mounted voice recorder. • The Index 01 records voice notes on a paired smartphone, and can also do things like set reminders and control music playback. • The new ring is available for pre-order today for $75. Units ship in March.

Following its teaser yesterday, storied smart wearable maker Pebble has announced its latest device — and it isn’t what I expected. Today, the company is introducing the Pebble Index 01, its first-ever ring-style device. But an Oura competitor this is not: the Index 01 is tailor-made for some specific use cases, and it’s priced to move at a reduced pre-order cost of just $75.

Unlike typical smart rings, the Index 01 doesn’t track activity or sleep. The company describes it as a “memory device,” designed primarily to

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