Garmin® Adds Another OEM to its Expanding Marine Roster
Gulf Craft Inc. Luxury Yachts to be Guided by Garmin
OLATHE, Kan.–(BUSINESS WIRE)–Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that Gulf Craft Inc., the largest luxury powerboat manufacturer in the Middle East, has selected Garmin marine electronics to exclusively outfit their 2010 line of Silvercraft and Oryx brand fiberglass boats and yachts. This announcement is being made in conjunction with the Dubai International Boat Show, March 3-7, 2009.
“Garmin is a leading manufacturer of marine electronics, offering award-winning designs and industry leading innovations, and we’re delighted to work with Gulf Craft, a premier pleasure boat manufacturer known for luxury and comfort,” said Greg DeVries, Garmin’s director of marine sales and marketing. “We’re confident that our range of innovative products and customized cartography will meet and exceed the needs of the Gulf Craft customer – whether on a sport fishing boat or luxury cruiser.”
Gulf Craft offers a wide breadth of fiberglass boats and yachts, ranging from 31’ to 140’, and Garmin will now fit standard on all Silvercraft and Oryx Yacht brands, as well as select models within the Majesty Yacht brand. Customers will benefit from an electronics suite that includes Garmin’s revolutionary 15” touchscreen color chartplotters, high-definition radar, VHF radio and digital sounder module. For the ultimate in safety and convenience, several models will also come standard with the GHP™ 10 Autopilot system with its patented Shadow Drive™ technology. For more information, visit www.garmin.com and www.gulfcraftinc.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 is a registered trademark and GHP and Shadow Drive 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 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.