Oakley has signed an exclusive worldwide licensing agreement with Fox Racing lasting through to Dec. 31, 2008. The deal will see Oakley designing, manufacturing, marketing and distributing a range of sunglasses, goggles and prescription eyewear for the California-based performance action sports apparel company. Oakley intends to launch the range, which will include fashion eyewear and performance goggles, in 2005 with the introduction of two to four eyewear styles. This will be followed up with a goggle adapted for snow and off-road motor sports activities by Fall 2006. Oakley hopes that the licensing deal will enable it to leverage its manufacturing and distribution infrastructure around the world.