Callaway Golf Presents 2012 New Product Lineup

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Callaway Golf Presents 2012 New Product Lineup

Award-Winning Collection of Woods, Irons, Golf Balls and Odyssey Putters Debuts at 2012 PGA Merchandise Show in Orlando

CARLSBAD, Calif., Jan. 25, 2012 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) today presented its 2012 new product lineup at the annual PGA Merchandise Show in Orlando, Fla. Grabbing the bulk of the industry's attention is the new RAZR Fit(TM) Driver, the first fully-adjustable driver from Callaway and the embodiment of several proprietary and performance-enhancing technologies. Callaway will also introduce the new RAZR X® Black family of woods, hybrids and irons, as well as the new HEX Black Tour(TM) and HEX Chrome(TM) golf balls. Odyssey, the #1 Putter in Golf®, unveils its latest innovative insert and face pattern with the new Metal-X(TM) line of putters. This new product unveiling comes as the Company is poised to launch a groundbreaking marketing campaign that will cast its 2012 products and the grand, old game in an exciting new light.

Building on the 2011 success of its RAZR platform of premium products, Callaway will launch two new drivers--the RAZR Fit and the RAZR X Black--along with corresponding fairway woods. Used by Callaway Staff Professional Alvaro Quiros in his victory at the European Tour's Dubai World Championship in December, the RAZR Fit Driver delivers straightforward adjustability for optimum performance and real results for every golf swing. Its easy-to-understand, adjustable hosel is complemented by moveable weights to promote a draw or neutral setting.

The HEX Black Tour Golf Ball is an all-in-one offering engineered to promote low spin for more distance in your long game and high spin on approach shots for total control and aggressive stopping power into the green. The result of a multi-year Research & Development endeavor, a HEX Black Tour Golf Ball is already being played by proven Tour winners Phil Mickelson, Ernie Els and a number of other professionals.

Callaway builds on its longstanding leadership position in the irons category with three new additions to the successful RAZR family--the RAZR X Black, the RAZR XF(TM) and the RAZR X® HL Irons. The new models complement the Company's 2011 offerings--the RAZR X®, RAZR X® Forged and RAZR X® Tour Irons--providing golfers of all ability levels the opportunity to choose the RAZR irons with the perfect combination of forgiveness and workability to suit their game.

Odyssey is the #1 Putter across the world's major professional tours in wins, usage and top-10 finishes. The Brand's heritage of innovation is evident in the introduction of its new line of Metal-X putters, which debuts a smart, lightweight aluminum face with a new pattern of oval depressions in front of a urethane backer layer. As is customary for Odyssey products, Metal-X putters will be available in a wide variety of styles and lengths.

In the coming week, Callaway's new "Epic Demo" advertising campaign, shot on location at--and above--the Las Vegas Strip in December, will make its debut on network television. At the helm of the shoot was acclaimed music video and commercial director, Joseph Kahn. The television and online executions will shine the spotlight on the Company's 2012 products and staff professionals in a manner that stretches beyond the serene landscapes and talking tour pros that golf fans are accustomed to seeing.

DRIVERS

    --  RAZR Fit Driver - The RAZR Fit Driver features Callaway's renowned
        OptiFit® adjustability system--designed for easy use and noticeable
        changes in trajectory for each of the six total settings. The system
        allows golfers to adjust the club's face angle to three address
        positions--Open, Square and Closed--through the use of the "cog", a
        rotatable element of the hosel that changes the angle of the shaft axis
        relative to the head. The shaft does not rotate with the cog, allowing
        shaft graphics and grip reminders to remain consistent when the face
        angle is adjusted. In the driverhead, OptiFit weights (one weighing 12
        grams and the other 2 grams) are featured in the sole's toe and heal
        positions and can be exchanged to create a meaningful shift in the
        club's center of gravity and a perceivable draw or neutral ball flight.
        The crown of the RAZR Fit driver is made of Forged Composite(TM), an
        advanced carbon composite material that allows Callaway engineers to
        save weight and precisely control the thickness of the crown. These
        benefits give the RAZR Fit Driver a lower center of gravity, making it
        more forgiving on off-center hits. Streamlined Surface Technology has
        reduced RAZR Fit's energy loss due to drag by 14% (relative to its
        predecessor, the RAZR Hawk(TM) Driver), despite the addition of an
        adjustable hosel. Already in the bags of Phil Mickelson, Ernie Els,
        Alvaro Quiros and other tour professionals around the world, the RAZR
        Fit Driver will be available on February 17 for the new product
        introduction retail price of $399.
    --  RAZR X Black Driver - The RAZR X Black Driver is designed with a sleek,
        black Physical Vapor Deposition (PVD) finish, delivering a clean look at
        address and top-end ball speed at impact. The driver's crown is made of
        Forged Composite(TM), the lightest, strongest, most precise material the
        Company has ever employed. Forged Composite allows Callaway engineers to
        precisely design a clubhead that produces optimal launch and spin
        characteristics for greater distance. The RAZR X Black Driver features
        the Company's proprietary SpeedFrame Face Technology, which melds
        Callaway's Variable Face Thickness® (VFT) and Hyperbolic Face(TM)
        technologies to create a larger sweet spot and increased ball speeds
        across the titanium face. Extensive research in aerodynamics has
        resulted in Streamlined Surface Technology, which reduces energy loss
        from head drag during the downswing by 17 percent (compared to RAZR X
        Black's predecessor, the Diablo Octane(TM) Driver). This leads to higher
        impact speeds and additional distance off the tee. RAZR X Black will be
        available on March 16 for the new product introduction retail price of
        $249.
Alan Hocknell, Senior Vice President of Research & Development, Callaway Golf: "We are particularly proud of the performance gains we have achieved while adding the benefits of adjustability within the RAZR Fit design. The adjustable features, combined with our proprietary technologies, allow golfers to play a more meaningful role than ever before in their journey to optimized performance. The RAZR X Black Driver is designed for the golfer who is hell-bent on ball speed, and the Black PVD finish matches the club's attitude. We relied on our patented Forged Composite construction, along with advances in aerodynamics and face technology, to deliver higher speeds at impact for greater distance off the tee."

FAIRWAY WOODS

    --  RAZR Fit Fairway Woods - Like the RAZR Fit Driver, the RAZR Fit Fairway
        Woods feature three address positions--Open, Square and Closed. They
        will be available in a 3-Wood (15 degrees) and a 5-Wood (18 degrees),
        and allow players to make adjustments based on their preferred look at
        address and to minimize tendencies to hook or slice the ball. Callaway's
        staff of Tour players helped inspire the club design, which features a
        traditional shape in a compact head size, as well as a shallow face with
        a low leading edge. Callaway's engineers have also applied Variable Face
        Thickness Technology to precisely shape the face thickness in each
        fairway wood, increasing the sweet spot and promoting consistent
        trajectories and hotter ball speeds. RAZR Fit Fairway Woods will be
        available on February 17 at the new product introduction retail price of
        $249.
    --  RAZR X Black Fairway Woods - With dark, stealthy graphics, the RAZR X
        Black Fairway Woods continue the Company's rich heritage of bold designs
        in the fairway woods category. Engineered for golfers seeking a healthy
        dose of attitude in their woods, they will be available in 3-, 4-, 5-,
        7- and 9-woods. The stainless steel construction delivers a pleasing,
        resonating sound at impact, and the traditional shape offers a
        confidence-inspiring look at address. Callaway's patented VFT Technology
        allows for precision shaping of the face thickness in each club to
        increase the size of the sweet spot. RAZR X Black Fairway Woods will be
        at retail on March 16 at the new product introduction retail price of
        $199.
Luke Williams, Senior Director, Global Woods and Irons, Callaway Golf: "The RAZR Fit Fairway Wood was constructed for players seeking the ultimate in performance and optimization, and its design will inspire the confidence to hit great shots. The RAZR X Black Fairway Woods - with a conventional head shape and a hosel - have been engineered to appeal to a broad range of golfers. Our goal all along was to deliver distance and versatility, and this is a forgiving design that allows golfers to swing hard. It's available in a variety of loft offerings and has a shallow face, which makes it easy to hit from a variety of lies that golfers encounter on the course."

HYBRIDS

    --  RAZR X HL Hybrids - Designed for golfers who struggle with long irons or
        are looking to fill distance gaps in their bag, the new RAZR X HL
        Hybrids feature moderate offset and are engineered to help get the ball
        airborne. The clubface has a Zero Roll Design, which produces a higher
        launch angle on shots hit low on the face for increased distance and
        softer landings. In addition to being sold individually, the RAZR X HL
        Hybrids are available as part of a combo set with the RAZR X HL Irons or
        the RAZR X Black Irons, allowing golfers to customize their set by
        substituting RAZR X HL Hybrids where irons challenge their confidence or
        consistency. The RAZR X HL Hybrid will be available on February 17 for
        the new product introduction retail price of $159.
Luke Williams, Senior Director, Global Woods and Irons, Callaway Golf: "The RAZR X HL Hybrids were designed to seamlessly compliment the RAZR X HL Irons or the RAZR X Black Irons in a set. These hybrids deliver forgiveness and distance with a high trajectory that makes it easier to land the ball softly on the green."

IRONS

    --  RAZR X Black Irons - The new RAZR X Black Iron is an advanced
        game-improvement club designed for precise accuracy and distance from
        any spot on the golf course. Callaway engineers shifted the center of
        gravity lower than in any other Callaway stainless steel iron, and
        delivered the playability of wide-sole iron while retaining the look and
        workability of a thin sole iron. The RAZR X Black Iron features a black
        PVD finish for reduced glare, and the VFT® Power System offers a fully
        integrated clubface/undercut cavity system that enables Callaway
        designers to precisely position the center of gravity and engineer the
        face of each individual iron to maximize ball speed. The multi-material
        medallion on the back of the clubhead fine-tunes sound and enhances feel
        at impact. Golfers who struggle hitting long irons can add forgiveness
        and distance by integrating the new RAZR X HL Hybrids into the iron set
        where their confidence and consistency start to drop off. Available at
        retail on March 16 at these new product introduction retail prices: $799
        for steel sets and $999 for graphite sets; Combo set with two hybrids in
        place of two irons (all graphite shafts): $999; Combo set with steel
        shafts in the irons and graphite shafts in the hybrids: $899.
    --  RAZR X HL Irons/RAZR X HL Hybrids - The super game-improvement RAZR X HL
        Irons are engineered to package maximum distance with uncompromising
        forgiveness for golfers looking to bring their game to the next level.
        They feature a cast stainless steel design with a wide,
        confidence-inspiring sole for smooth turf interaction. A low center of
        gravity makes the sweet spot more accessible at lower impact locations
        on the face where many amateurs strike the ball, delivering longer, more
        consistent distance and improved accuracy. The RAZR X HL Irons also have
        a fully integrated clubface/undercut cavity system, enabling engineers
        to precisely position the center of gravity and engineer the face of
        each individual iron to maximize ball speed. The multi-material
        medallion on the back of the clubhead is made of aluminum and
        thermoplastic polyurethane to fine-tune sound and enhance feel.
Golfers who are looking to fill distance gaps in their game can customize their set by substituting RAZR X HL Hybrids where irons challenge their confidence or consistency. New product introduction retail price: $599 for a steel-shafted set, $799 for a graphite-shafted set; Combo set of six irons and two hybrids: $799 with graphite shafts; Combo set with steel shafts in the irons and graphite shafts in the hybrids: $699.

    --  RAZR XF Irons/RAZR XF Hybrids - The ultra-premium RAZR XF Irons and
        Hybrids offer the discerning golfer an unprecedented integration of
        material and design technology to enhance performance and forgiveness.
        Callaway's most technologically advanced iron, the RAZR XF is
        constructed with a forged 1025 Carbon Steel body that provides soft,
        responsive feedback at impact. The face is made of a thin, high-strength
        455 Carpenter Steel, which generates faster ball speeds for increased
        distance. This thin, lightweight face allowed Callaway engineers to
        place additional weight in the perimeter of the clubhead, giving the
        RAZR XF the highest moment of inertia (MOI) of any iron Callaway has
        ever created for unparalleled accuracy, even on mis-hits. A dark
        Physical Vapor Deposition (PVD) finish is derived from a high-tech
        process that produces a distinctive stealth look for reduced glare and a
        jewelry-like appearance.  With an aluminum and injection-molded
        thermoplastic medallion, the RAZR XF Iron offers fine-tuned sound and a
        premium feel.
The RAZR XF Hybrids feature a larger head design and added offset to deliver higher, longer, straighter shots. Built with a Zero Roll Design, the clubface produces a higher launch angle on shots hit low on the face, which bolsters distance and provides softer landings.  The RAZR XF Hybrids also feature Callaway's proprietary VFT® Technology, which precisely controls face thickness to create a larger sweet spot and higher ball speeds for even more distance. Like the irons, the hybrids have a distinctive black PVD finish and a multi-material medallion. The RAZR XF Iron/Hybrid sets are available now for the new product introduction retail price of $1,299 with steel shafts and $1,399 with graphite shafts.  The RAZR XF Irons and Hybrids will come standard with Winn® Grips.

Luke Williams, Senior Director, Global Woods and Irons, Callaway Golf: "Our RAZR X Irons line was hugely successful in its first year, and we designed each of our 2012 irons to perfectly complement the 2011 line so that golfers of all ability have an iron to suit their game. In the case of the RAZR X Black, we really placed a premium on the aesthetics. With a low center of gravity and conventional shape, they are aimed at the large segment of golfers who seek distance and forgiveness in a club design that delivers the workability of a narrow sole iron. We designed the RAZR X HL Irons to inspire confidence and make the game more enjoyable. The low center of gravity, large sweet spot and wide-sole design all work together to help get the ball airborne and add distance to your game. And last but not least, the RAZR XF Irons are the most premium iron in our line. By combining our research and design expertise with the best materials available, we've produced a premium line of products for the player looking for the utmost in forgiveness and distance."

WEDGES

    --  Callaway Forged Wedge - The latest creation from Callaway's Chief
        Designer, Roger Cleveland, the Callaway Forged Wedges debut two new
        finish options--Copper and Trivalent Dark Chrome--and feature the
        Company's Tour CC Grooves. Widely regarded to have the highest-spinning
        grooves in golf, Callaway wedges have become extremely popular with tour
        players around the world, including those being paid to play products
        made by other equipment manufacturers. Forged from 1020 Carbon Steel for
        soft feel, Callaway's new wedge features traditional styling with a
        higher toe and straighter leading edge for a square look at address. The
        Trivalent Dark Chrome finish produces a smoky, muted look that helps
        reduce glare, while the new Copper finish is designed to oxidize over
        time for a distinctive look. For the new product introduction retail
        price of $199, the Callaway Forged Wedges will be available on February
        17 2012.
Roger Cleveland, Chief Designer, Callaway Golf: "We've had great success both on tours around the world and with everyday amateur players with the C-Grind Sole on our previous wedges--the X-Forged and the JAWS--so we're incorporating that same design in this new Callaway Forged Wedge, but with a twist: we've softened the leading edge to be straighter and smoother, which will satisfy golfers who have been asking for that look. The new wedge is made from a soft forging, which is what gives it great feel. I also made the face bigger by dishing out the par area and taking a higher toe. That opens up the face and gives the player more confidence at address."

GOLF BALLS

    --  HEX Black Tour Golf Ball -The HEX Black Tour is Callaway's most highly
        engineered tour ball ever, featuring a host of new and proprietary
        technologies that differentiate this ultra-premium golf ball from every
        other ball in the game. The engineering advancements--including an
        innovative dual-core construction, an exceptionally durable cover
        material technology called DuraSpin(TM) and revolutionary HEX
        Aerodynamics(TM)--combine to deliver a five-piece golf ball with better
        Spin Separation and all-around performance characteristics than any
        previous introduction from Callaway. Spin Separation is the measured
        differential between the high spin generated on shorter approach shots
        into the green and the optimal low spin off the driver for maximum
        distance off the tee.  Its consistent distance control in all conditions
        have already made it the golf ball of choice for Callaway staff
        professionals Phi Mickelson, Ernie Els and a number of other top players
        in the game. Available on March 2 for the new product introduction
        retail price of $45.99 per dozen.
    --  HEX Chrome Golf Ball - Entering the competitive golf ball market at a
        distinctive new product introduction retail price of $35.99 per dozen,
        Callaway golf ball engineers believe the HEX Chrome Golf Ball is the
        best three-piece ball the Company has ever made. Engineered to deliver
        Tour performance from tee to green for golfers with moderate swing
        speeds, the HEX Chrome's low compression core - called s-Tech(TM) -
        helps reduce spin off the tee to promote more distance for those with
        slower swing speeds, while retaining a softer feel that many players
        prefer around the greens. The s-Tech Core is surrounded by a single
        mantle layer, Callaway's new DuraSpin(TM) cover technology and improved
        HEX Aerodynamics to deliver optimal spin, feel and durability. HEX
        Chrome will also be available on March 2.
Dave Bartels, Sr. Director, Golf Ball Research & Development, Callaway Golf: "We took a unique approach in the design of our new HEX Black Tour golf ball, and the investments we've made in new technology over the past few years have culminated in this innovative 5-piece construction.  The level of Spin Separation golfers will experience can be attributed to our advanced i-Core technology and new DuraSpin cover material.  Our advanced dual-mantle system and optimized HEX Aerodynamic design produce the ball speed and flight characteristics to benefit all golfers.  The HEX Black Tour is our most highly-engineered golf ball ever and signifies a major technology breakthrough and performance milestone for Callaway Golf.  Many of these advanced technologies, like our HEX Aerodynamics and DuraSpin cover, can also be found in the design of the HEX Chrome golf ball, which allows us to offer a tour performance golf ball for players with moderate swing speeds at a substantial value."

ODYSSEY PUTTERS

    --  Metal-X Putters - Representing the latest chapter in a long history of
        game-changing innovations from Odyssey, the new Metal-X insert features
        a lightweight aluminum face in front of a urethane backer layer,
        offering golfers the crisp feedback of a metal striking surface with the
        benefits of a softer feel for optimal touch. Additionally, unlike any
        other in golf, Metal-X's face pattern features oval depressions that
        create a mechanical lock with the ball's dimples at impact, generating
        more friction for truer, more consistent roll. A midnight black finish
        and a Lamkin® 3GEN® Pistol grip round out this putter offering from
        the #1 Putter in Golf. Available in a wide variety of styles, including
        #1, 2-Ball and DART, the Metal-X line of putters from Odyssey will be
        available in April 2012.
    --  FlipFace Putter - For the first time in golf, the Odyssey Flip Face(TM)
        uses an adjustable system that allows golfers to change the face insert
        on the putter quickly and easily to fine-tune feel and performance. With
        a smartly-engineered, patented putter head technology that includes 14
        components - all contained in the head - the Flip Face features a dual
        insert with Metal-X on one side and White Ice® on the other. Players
        can now customize the putter for feel, speed and roll characteristics
        based on the course, the weather conditions, etc. With a satin chrome
        finish for a premium look, the Flip Face comes standard with a Lamkin®
        3GEN® Pistol grip. Flip Face will be available from Odyssey in a
        variety of models in April.
    --  ProType Tour Series Putters - Born from unique head shapes crafted for
        the best players in the world, the ProType line of milled, carbon steel
        putters was developed by Odyssey's PT Customs team after feedback from
        hundreds of Tour professionals. The result is a collection of models
        from the #1 Putter in Golf that enhance both the feel and stroke, with a
        look that suits the eyes of even the most discerning golfers. Odyssey's
        ProType line also offers golfers a unique opportunity to personalize
        their putters by choosing from six different colors for their grip and
        putter head paint fill. Odyssey's ProType putters will be available in
        six head shapes, each of which has delivered winning results on
        professional tours around the world. The putters are made from 1025
        Carbon Steel, producing similar performance characteristics to stainless
        steel, but with a softer feel. The face of each putter features a
        deeper, sharper milling pattern to increase interaction between the face
        and the ball for better feel, truer roll and more consistency. Available
        on February 17. New introduction retail prices begin at $269 and vary
        based on putter style.
Austie Rollinson, Principle Designer, Odyssey: "At Odyssey we push the limits of convention while respecting tradition, and perhaps that philosophy has never been more evident than in this selection of putters for 2012. From Metal-X's innovative insert technology to the highly-engineered design of Flip Face and the premium materials in the ProType Tour Series, the team here at Odyssey is cranking relentlessly to continue developing the best putters available to help golfers drop more putts."

For more information on these products and Callaway Golf s complete lineup of golf equipment, apparel, footwear, eyewear and accessories, please visit http://www.callawaygolf.com and http://www.odysseygolf.com. High-resolution images of all products are available for immediate download via the Press Center portion of Callaway Golf's website: http://www.callawaygolf.com/presscenter.

About Callaway Golf

Through an unwavering commitment to innovation, Callaway Golf Company (NYSE:ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf apparel, footwear and accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, and Ben Hogan® brands in more than 110 countries worldwide. For more information please visit http://www.callawaygolf.com or shop.callawaygolf.com.

MEDIA CONTACTS:Tim SweeneyCallaway Golf(760) 804-4017Tim.Sweeney@CallawayGolf.com

Scott GorylCallaway Golf (760) 804-4080Scott.Goryl@CallawayGolf.com

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SOURCE  Callaway Golf

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