OLATHE, Kan/July 13, 2012/Business Wire/ - Garmin International, Inc., a subsidiary of Garmin Ltd. (NASDAQ: GRMN) announced today that a verdict was reached in the patent litigation initiated by Ambato Media LLC against Garmin International, Inc. in the Eastern District of Texas.The verdict found that Ambato’s patent was infringed by Garmin’s personal navigation devices that were once capable of using the MSN Direct service. These devices were discontinued in 2010 and the MSN Direct service was shut down in January 2012. As such, the verdict will not have any impact on Garmin’s current products or services.
The jury awarded Ambato $500,000 in damages. “Although we disagree that Ambato’s “television receiver” patent is infringed by these discontinued Garmin navigation devices, we are pleased that the jury rejected Ambato’s demand for exorbitant damages,” said Andrew Etkind, Garmin’s vice president and general counsel.
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/newsroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. 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. 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-K for the fiscal yearended December 31,2011, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K 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.