Olathe, Kan./January 7, 2010/Business Wire — Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced the GPSMAP® 700 series – the first touchscreen controlled stand-alone marine chartplotters with radar capability and built-in sonar at an affordable price that’s easy to justify for any boat or budget. The GPSMAP 700 series was announced in conjunction with the Tullet Prebon London International Boat Show, January 8-17, 2010, and will then tour internationally at the Düsseldorf, Seattle, Atlantic City and Miami Boat Shows in the coming months.
“Our touchscreen technology is recognized throughout the industry for its performance and ease of use, and we’re excited to further expand our product line with these new panoramic displays,” said Dan Bartel, Garmin’s vice president of worldwide sales. “In a class of their own, these products offer a whole new perspective on fingertip navigation and bridge the gap between the entry-level boater and the luxury yacht customer.”
The GPSMAP 740 comes preloaded with detailed offshore maps for all U.S. coastal areas, including Alaska and Hawaii and Explorer Charts® data of the Bahamas. Garmin also introduced the GPSMAP 720, which shares the same advanced features and is designed for markets outside the United States. For sonar capability, Garmin also offers the GPSMAP 740s and GPSMAP 720s combo models, which feature a built-in 1kW capable sonar transceiver that can clearly define fish targets and terrain features as far down as 2,000 feet to keep you apprised of what’s happening under the surface.
All of Garmin’s new chartplotters in the GPSMAP 700 series feature a standard radar port that lets you connect with any Garmin GMR™ series marine radar for target scanning on your chartplotter screen. Whether you’re adding radar now or in the future, you’ll enjoy the convenience of “plug-and-play” installation, as well as the power, range and high-definition targeting of Garmin’s proven radar offerings. These units are the first non-network radar-capable units offered in Garmin’s marine product line up, and offer the perfect solution for the cost-conscious mariner who wants to take advantage of radar capabilities without the network price. In addition, these new units offer full NMEA 2000 connectivity and make it easy to monitor engine, fuel, autopilot, weather and other onboard sensor data via the chartplotter.
Like the other Garmin touchscreen marine products, these units feature a sophisticated and elegant “flat-screen” physical design that complements today’s modern boats. Boasting a sleek 7-inch super-bright, waterproof (IPX7 standards) touchscreen display, the GPSMAP 700 series offers unprecedented extremes of brightness for daytime readability with super low-level dimming for optimum night vision. With a built-in high-sensitivity GPS receiver, these new chartplotters are the perfect navigation solution for a single station vessel, and with their small footprint, can fit onboard your vessel where other larger units cannot. The built-in GPS receiver provides installation location flexibility, and therefore can also effectively serve as the back-up navigation station on a larger yacht.
For superior situational awareness, mariners can also load the new GPSMAP 700 plotters with an optional BlueChart® g2 Vision® SD card to navigate with a clear moving-map representation of the boat’s position. With BlueChart g2 Vision, mariners can also take advantage of the Auto Guidance feature which suggests the best routes to follow. In addition, g2 Vision features true MarinerEye view above water or a FishEye underwater perspective – both in three dimensions. And for help in navigating tricky harbors and channels – or locating marinas and resorts – g2 Vision cards offer a growing database of aerial reference photos.
The GPSMAP 720 has a manufacturer’s suggested retail price of $1399.99 and the GPSMAP 720s has a MSRP of $1599.99. The GPSMAP 740 is also value priced and has a MSRP of $1499.99, and the GPSMAP 740s has a MSRP of $1699.99. All of Garmin’s new touchscreen chartplotters are expected to be available in April, 2010. For more information, visit www.garmin.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 the Cayman Islands, 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, GPSMAP, BlueChart and g2 Vision are registered trademarks and GMR is a trademark 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 Annual Report on Form 10-K for the year ended December 27, 2008, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s Form 10-K can be downloaded 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.