Nike will release the auto lace sneakers from Back to the Future II in 2016.

• Nike officially announced the shoe on its website this afternoon, with CEO Mark Parker stating that it had invented "a new technology that will benefit all athletes." 
• Nike says it has begun testing the "power laces" as they have been dubbed, across multiple sports for potential application in the future. Official details of the auctions will be posted on Nike's Twitter handle in the Spring.