920XT recognizes (simple) Garmin HRM1 Heart Rate Monitor but won't connect

I am using the 920XT and would like to connect it to an (older) Garmin HRM1 heart rate monitor. When I try to pair and connect it, the 920XT recognizes the HRM immediately. However, when trying to "connect" (in German: "Verbinden"), the connection can not be established. I did reset the HRM a couple of times, replaced the battery, always the same: the strap is recognized immediately, but the watch won't connect to the HRM. :confused:

The HRM1 does connect seamlessly to our older ForeTrex 401 and Forerunner 305, though. :confused:

Any help or hint or tip would be much appreciated.

Thanks.