News Releases: Corporate

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  • 12/23/10 6:30 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ:GRMN) announced today that the District Court of Düsseldorf has issued a ruling in the patent litigation initiated by Pioneer Corporation. The Court’s ruling, which is subject to appeal, found that the two patents asserted by Pioneer are infringed by certain Garmin software functionality. Garmin has already developed minor software revisions that eliminate the narrow functionalitymore...
  • 11/3/10 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced third quarter results for the period ended September 25, 2010. Third Quarter 2010 Financial Summary: Total revenue of $692 million, down 11% from $781 million in third quarter 2009 with three segments posting growth: Automotive/Mobile segment revenue decreased 19% to $442 millionmore...
  • 10/26/10 12:30 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland & TAIPEI, Taiwan--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) and ASUSTeK Computer Inc. (TAIEX: 2357) today announced a strategic decision to alter their current co-branded business model for location-centric mobile handsets. The two companies will not introduce any new co-branded handset models going forward, but will continue to sell and support models that have already been introduced to the market. ASUS will design and manufacture new models of ASUS-branded mobile phones, some of which will include preloaded Garminmore...
  • 10/22/10 8:32 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) announced today that it has acquired Belanor AS, the distributor of Garmin’s automotive, outdoor recreation, fitness and marine products in Norway. The company will be renamed Garmin Norge AS and will retain its management, sales, marketing and supporting staff, and will continue operations at its current headquarters and warehouse facility located in Dilling, Norway, nearmore...
  • 10/18/10 5:00 am CDT
    Corporate

    Garmin’s Innovative Touchscreen Flight Deck Available for Large Jets

    ATLANTA--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it is developing a revolutionary, integrated flight deck for the Part 25 business jet market. The Garmin G5000 is designed specifically for crew-flown turbine aircraft and combines a dual multi-sensor flight management system (FMS), touchscreen vehicle management units, and multi-pane cockpit displays. These widescreen displays with touchscreen controls give pilotsmore...
  • 9/21/10 4:00 pm CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it has acquired MetriGear, Inc., the creator of an innovative pedal-based power solution for cycling, as a new and exciting component of its growing fitness division.MetriGear is a Silicon Valley-based company devoted to creating game-changing solutions for improving athletic performance in cycling and other sports.“Power is becoming the must-have information for cyclists who want to improve theirmore...
  • 8/25/10 8:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it is voluntarily recalling approximately 1.25 million nüvi personal navigation devices (of which approximately 796,000 units were sold in the United States) that contain batteries manufactured by a third-party supplier within a defined date code range and that have a specific printed circuit board (PCB) design. Garmin has identified potential overheating issues when the third party supplier’s batteriesmore...
  • 8/23/10 10:00 am CDT
    Corporate
    SALEM, Ore.--(BUSINESS WIRE)--Garmin AT Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it would create a new technical support center at its Garmin AT facility located in Salem, Oregon. Designed to house up to 200 associates, the center will augment Garmin’s existing technical support centers. “This new facility will greatly expand our ability to interact with our customers who needmore...
  • 8/4/10 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced second quarter results for the period ended June 26, 2010. Second Quarter 2010 Financial highlights: Total revenue of $729 million, up 9% from $669 million in second quarter 2009 with all segments posting growth: Automotive/Mobile segment revenue increased 2% to $447 million Outdoor/more...
  • 7/26/10 3:00 pm CDT
    Corporate

    Garmin-Asus Announces the A50, Launching Exclusively with Optus

    SYDNEY--(BUSINESS WIRE)--Garmin-Asus, a co-branded alliance between Garmin® Ltd. (NASDAQ: GRMN), and ASUSTeK® Computer Inc. (TAIEX: 2357), and Optus today announced a smartphone designed for those looking for a true ‘all-in-one’ navigation experience to help make sense of life’s twists and turns. The Garmin-Asus A50, available exclusively in Australia to Optus customers from today, is designed to provide a user-friendly, intuitive and consistent mobile navigation experience for consumers.The Garmin-Asus A50 bringsmore...
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