Both calibers are ValFleurier creations but the P.9010 is exclusive to Panerai. The P.900 on the other hand is a downgraded version of Baume & Mercier's "Baumatic" which in turn is based on Cartier's 1847MC. The P.900 has only three days of power reserve whereas the "Baumatic" has five. The Panerai version has now been further downgraded by removing the hacking seconds mechanism and any discernbile finishing.
There seems to be a push within Richemont to use the "Baumatic" in as many of their brands/watches as possible. The caliber is basically Richemont's very own ETA automatic movement.
Cheers
Jose
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Author of Perezcope – Iconic timepieces under the loupe
Instagram: @perezcope
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