NEW YORK - Nike unveiled a new futuristic shoe model, HyperAdapt 1.0, with power-operated laces.

Nike CEO Mark Parker unveiled the shoe at an event in New York on Wednesday and says they are expected to be available by the holiday season. The price of the futuristic shoe has not yet been announced.

The new shoe is “powered by an underfoot-lacing mechanism.” The shoes are battery operated and come with  buttons marked with a  “+” sign and a “-” sign to adjust the laces and the shoe also lights up.

The company says it takes three hours for the shoes to charge to full and says with average use, the battery will need to be charged every couple of weeks. A lighting system on the shoe will indicate when the shoes need to be charged.

The company says that if the battery dies, customers will still be able to pull off the shoe.