Los Angeles-based Charmed Technology is an MIT Media Lab spin-off and is poised to be a world leader in affordable, wearable Internet products, services and technologies. As part of its strategic business plan, the company has established strategic partnerships with companies such as Penton Media/InternetWorld, Red Herring, MIT's Media Lab, the University of Rochester Center for Future Health, Motorola and others. With these partners, the company is working to develop miniaturized devices with Internet connection and powerful computer capabilities.