Garmin® and Navico resolve patent disputes

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN) and
Navico, parent company to the Lowrance®, Simrad® and B&G® brands, today
announced that they have ended a three-year-long dispute relating to
sonar and auto guidance patents. The agreement includes a broad cross
licensing of patents and other intellectual property, which will allow
both companies to bring new innovations to the market faster and benefit
all marine customers.

“This is an exciting time as new technology is bringing positive change
to the marine market,” said Cliff Pemble, Garmin president and CEO.
“This resolution allows us to focus all of our energy to bring even more
innovation to our marine customers.”

“Research and development of game-changing technologies like our
DownScan Imaging is the lifeblood of our business and the marine
electronics industry,” said Leif Ottosson, Navico CEO. “We are very
pleased with this resolution, which includes guidelines for the future
cross licensing of technologies for the benefit of both of our

For more information, visit Garmin’s virtual pressroom at, contact the Media Relations department at
913-397-8200, or follow us at,,
or For more information on the Navico brands, visit,, and, and to find out more about the Navico Group of companies,

About Garmin International Inc.

Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN).
Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. Garmin is a registered trademark of Garmin Ltd. or its

All other brands, product names, company names, trademarks and service
marks are the properties of their respective owners. All rights reserved.

About Navico

A privately held, international corporation, Navico is a leading marine
electronics company, and is the parent company to leading marine
electronics brands: Lowrance, Simrad and B&G. Navico has approximately
1,500 employees globally and distribution in more than 100 countries

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
Annual Report on Form 10-K for the year ended December 31, 2016, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at
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.



Garmin International, Inc. Carly Hysell, 913-397-8200 [email protected]