Simplify the following text for a Grade 8 native English-speaking person.
Original: Providing support to Emirates Team New Zealand and representing the team 's official watch , in 2007 Omega introduced the Seamaster NZL-32 chronograph , with the name suggested by the name of the boat that won the America 's Cup in 1995 .
Simplified: As a sponsor for the Emirates Team New Zealand , Omega introduced the Seamaster NZL-32 chronograph in 2007 . The name is the same as the name of the boat , that won America 's Cup in 1995 .