Umberto Panzeri is a watchmaker (Rolex certified service) from Viareggio who in 2005 won a tender to supply watches to the Marina Miltare and Comsubin. As he is not a watch company, he approached a casemaker, dial maker, ETA for the movement, etc. It is true that AFTER his first watches were supplied to the MM, other companies/brands used this same case (coming from the casemaker) but they never supplied them to the MM, just to the general public. I met Umberto at one of the Italian Paneresti GTGs and in fact, traveled with him to Viargeggio and witnessed the delivery of 50 MMT500 watches to the Marina Militare. It was on that occasion that Umberto presented 2 prototypes, one of them being a PVD coated case, as per the request of the Comsubin. I asked Umberto if I can have the opportunity to purchase one and after a few months Umberto answered positively. My enthusiasm was placed when I learned that the MM wanted mechanical watches only as opposed to quartz mechanisms that I thought were the issue these days. Contrary to what was posted by some, these watches are used by the divers and are not specimens for high ranking generals.
For the ultra-skeptic, I also saw the exclusive contract signed my the MM and Umberto.
Just to let you know - I have no business interests to promote (shill) this watch, I am not even sure if anyone can purchase it even if he wanted to.
Cheers,
Asi