Garmin® Marine Electronics Selected by Tiara Yachts
Tiara 4800 Convertible to Feature Triple Garmin MFDs
OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that Tiara Yachts, a division of S2 Yachts Inc., has selected Garmin to be an electronics supplier to outfit its line of luxury fishing and cruising yachts. This new OEM partnership is being announced in conjunction with the Miami International Boat Show, February 17-21, 2011, where Tiara’s 4800 Convertible – featuring a unique electronics package with three Garmin GPSMAP® 7200 series multifunction displays – will be on display for the first time.
“Garmin is pleased to be selected by a quality builder such as Tiara,” said Engelhard Sundoro, Garmin’s director of marine OEM sales and marketing. “This transaction further strengthens Garmin’s growing position as a leading marine electronics supplier, and we’re confident that Tiara customers will benefit from Garmin’s award-winning designs, industry innovations and worldwide support network.”
“We are excited to have Garmin as one of our key business partners, as they bring leadership and innovation to a fast changing world,” said David Slikkers, CEO of S2 Yachts. “Our Tiara Yacht owners are always looking for ways to make their boating easier and more enjoyable.”
Tiara has selected a complete Garmin marine electronics package to offer its customers. These Garmin products include: GPSMAP 5000 and 7000 series MFDs; high-definition 6kW GMR™ xHD open-array radar scanners; GSD 22 digital sonar; VHF 300 marine radio; GHP™ 10 autopilot system; as well as the GMI™ 10 marine instrument display, which makes it easy to monitor navigation, heading and environmental data. Garmin-outfitted Tiara models on display at the Miami International Boat Show will include the new 3100 Coronet, the new 4500 Sovran and the 4800 Convertible, which boasts a unique triple-display helm that includes the award-winning GPSMAP 7200 series 12- and 15-inch MFDs. The 4800 Convertible was ordered specifically for the Miami show by Peoples Marine in Puerto Rico, Tiara’s largest dealer.
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 Tiara Yachts, visit www.tiarayachts.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 GMR, 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.
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