Corporate
February 16, 2007
Garmin® Joins with Amgen Tour of California and Gives Athletes a Competitive Edge
OLATHE, Kan./February 16, 2007/PR Newswire — Garmin International, Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), today announced it will become a sponsor of the 2007 Amgen Tour of California, an internationally sanctioned professional cycling road race. This Tour de France style stage race hosts 18 of the world’s top professional teams and 144 riders racing throughout California February 18-25, 2007.
As a sponsor, Garmin has supplied all race participants with an Edge 305 GPS-enabled cycle computer that will help them monitor their performance throughout every phase of the Amgen Tour of California, as well as future rides. Garmin will also have a booth in the daily Lifestyle Festival presented by Health Net, a free race-day festival in finish cities where the public can experience the excitement of the race and learn more about sponsors.
“The Amgen Tour of California has quickly become one of the top cycling races in the U.S. and attracts a worldwide audience,” said Dan Bartel, Garmin’s vice president of worldwide sales. “It is a great fit for Garmin because it allows us to showcase the Edge® to everyone involved with the 650-mile course – from the participating athletes, to the countless spectators that will line the course, to the millions who will watch on TV.”
The Garmin Edge is the first GPS-based cycling computer and personal trainer. It has revolutionized the cycling industry by providing athletes accurate and instant feedback such as time, speed, distance, heart rate, cadence, altitude, grade, and much more. In addition, the Edge’s Virtual Partner™ feature allows the cyclist to keep pace with a digital person that performs at a programmed pace, duration or distance. The Edge is light-weight, waterproof and cyclist-friendly. Users may customize the display to show up to eight different data fields, as well as altitude and a map view. It attaches to either the stem or handlebars of the bicycle, and is designed for easy removal at the end of a ride.
"We strive to create a best-in-breed race experience for the world-class cyclists that participate in the Amgen Tour of California, and we are thankful for sponsors like Garmin who help make their California experience special," said Shawn Hunter, president of AEG Sports, presenters of the race.
Now in its second year, the Amgen Tour of California features the top cycling talent in the world, including The Discovery Channel Pro Cycling Team, The Health Net Pro Cycling Team presented by Maxxis, T-Mobile, Predictor-Lotto and Team CSC. Riders from 28 countries will compete in the 650-mile course that covers terrain from San Francisco to Long Beach, California.
About Garmin International Inc.
Garmin International, Inc. is a member of the Garmin Ltd. (Nasdaq:GRMN) group of companies which designs, manufactures, markets, and sells navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Garmin is a leader in consumer and general aviation navigation and its products serve the automotive/mobile, outdoor/fitness, marine, and aviation markets. 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 and Edge are registered trademarks, and Virtual Partner is a trademark of Garmin Ltd. Or its subsidiaries.
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 31, 2005 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.
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