The Olio features a single-core 600 MHz Texas Instruments OMAP3430 CPU, 512 megabytes of LPDDR RAM, 1 gigabyte of NAND flash memory, a Broadcom BCM20702 Low Energy-capable Bluetooth 4.0 transceiver, a Texas Instruments DRV2605 Haptic Driver, an ambient light sensor, a microphone, a rechargeable lithium polymer battery, a wireless charging coil, and a touchscreen.

The Olio watch comes preinstalled with the Android operating system with a custom user interface and startup logo.

At this point, the watch and app communicate with a binary format based on MessagePack.

This protocol can be used to update the watch's underlying Android system: zip archives sent over this protocol will be extracted to the directory /data/media/0/olio/firmware_updates_apply/ in the internal filesystem; then, the watch executes the file /data/media/0/olio/firmware_updates_apply/update.sh (/update.sh in the archive) as root.

[8] The Olio's motherboard, meanwhile, appears to have been manufactured in the United States, as it has "MADE IN USA" printed on it.

[10] Furthermore, the Model One was designed to be modular, so that individual components could be upgraded without replacing the whole device.