Olathe, Kan./January 24, 2011/Business Wire — Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that Bavaria Yachts, one of the world’s leading yacht manufacturers, has selected Garmin to be the exclusive electronics supplier to outfit their robust line of sailing and cruising yachts. This new OEM partnership is being announced in conjunction with the Düsseldorf International Boat Show, January 22-30, 2011, where the first on-board Garmin marine electronics package by Bavaria can be purchased.
“This announcement demonstrates that Garmin is making great strides in the marine OEM market by becoming the preferred electronics supplier for one of the world’s top yacht manufacturers,” said Engelhard Sundoro, Garmin’s director of marine OEM sales and marketing. “We are very pleased to be selected by Bavaria, and are confident that our range of innovative and award-winning electronics will meet and exceed the needs of the Bavaria customer.”
“We are very pleased to offer Garmin products to a larger group of boating enthusiasts,” said Dr. Jens Ludmann, Bavaria’s CEO. “After a long and intensive evaluation of electronics suppliers, we rated Garmin top-of-the-list in terms of functionality and value for money. This fits perfectly with our positioning and explains the link between Bavaria and Garmin products. I am sure that our partnership will be very successful in delivering quality products for our customers.”
Bavaria has selected a complete Garmin marine electronics package to offer its customers that includes multi-function displays from the GPSMAP® 4000 and 5000 series, the GPSMAP 720s with its brilliant 7-inch touchscreen display, Garmin’s GHP™ 10V autopilot system designed specifically for the Volvo IPS drive, as well as the GMI™ 10 marine instrument display, which makes it easy to monitor navigation, heading and environmental data. Bavaria Yachts is the first marine OEM to offer its customers the new, award-winning GHP 12 sailboat autopilot system which is designed for 20- to 70-foot sailboats with linear-actuated steering systems.
Bavaria Yachts is among several new OEM contracts Garmin has won recently. In 2011, Garmin has also added Ranger Tugs, Cutwater Boats and Broom Boats to its growing roster of marine OEMs.
Since its inception in 1989, Garmin has delivered 75 million GPS enabled devices – far more than any other navigation provider. Garmin’s market breadth in the GPS industry is second to none, having developed innovative products and established a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, outdoor recreation, tracking, and wireless applications.
For more about Garmin’s products and services, go to www.garmin.com. And for more information about Bavaria Yachts, visit www.bavariayachts.com.
About Garmin International Inc.
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin and GPSMAP are registered trademarks and GHP and GMI are trademarks of Garmin Ltd. or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company’s future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Quarterly Report on Form 10-Q for the quarter ended June 26, 2010, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-Q is available at www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.