Rolex 1570

History: The 1570 movement superseded the 1560, but shared the vast majority of its elements, with a few notable improvements. The 1570 marked the third generation of the 1500 series. It comes with the balance assembly Rolex p/n 8106, again with a Breguet hairspring. However, it’s with a higher frequency of 19,800 bph, or 2.75Hz.

The 1570 was also equipped (starting in 1972) with a hacking feature. The 1570 became one of the most popular and highly regarded movements Rolex had so far produced. Used in the continuing series of Oyster Perpetuals, it was still powering the 5512 Submariner in 1978 and even the Explorer ref. 1016 until the end of its run in the late eighties.

Manufacturer: Rolex SA (/ˈroʊlɛks/) is a Swiss luxury watchmaker. The company and its subsidiary Montres Tudor SA design, manufacture, distribute and service wristwatches sold under the Rolex and Tudor brands. Founded by Hans Wilsdorf and Alfred Davis in London, England in 1905 as Wilsdorf and Davis, Rolex moved its base of operations to Geneva, Switzerland in 1919. Forbes ranked Rolex 64th on its 2016 list of the world's most powerful global brands.[Rolex is the largest single high end watch brand. The company is owned by the Hans Wilsdorf Foundation, a private family trust.

Alfred Davis and his brother-in-law Hans Wilsdorf founded Wilsdorf and Davis, the company that would eventually become Rolex SA, in London, England in 1905. Wilsdorf and Davis' main commercial activity at the time involved importing Hermann Aegler's Swiss movements to England and placing them in high-quality watch cases made by Dennison and others. These early wristwatches were sold to jewellers, who then put their own names on the dial. The earliest watches from Wilsdorf and Davis were usually hallmarked "W&D" inside the caseback.

From Wikipedia