IBBI names Garmin® its 2018 Supplier of the Year

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today
announced that it received the prestigious Supplier of the Year
distinction from the Independent Boat Builders, Inc. (IBBI), the
industry’s largest purchasing cooperative comprised of a 19-member
network of leading boat brands that collectively build nearly 25% of all
boats sold in the U.S. The IBBI Supplier of the Year award recognizes
one company’s outstanding service and dedication to its member network.
Garmin has been a supplier of choice for the IBBI since 2014, and last
year, was named its exclusive marine electronics supplier. The IBBI
presented the Supplier of the Year honor to Garmin at its Annual
Meeting, March 4-6, 2019.

“It’s truly an honor to work with the IBBI and to be named its Supplier
of the Year among so many notable suppliers to the group,” said Dan
Bartel, Garmin vice president of global consumer sales. “This award is a
testament to the hard work and dedication of the entire Garmin team, and
we look forward to continuing to provide this group of boat builders,
whose partnerships we highly value and respect, with best-in-class
products and service for many years to come.”

“The members of IBBI are well-known boat brands and are leaders in their
market segments. Adding Garmin to our supplier list has further enhanced
our members’ options to consumers. Over the last five years, we have
been impressed not only with the product innovations from Garmin, but
also by their level of top-notch customer service,” said Tom Broy, IBBI
president. “We look forward to a long strategic relationships where our
members can continue to bring these innovations to the consumers.”

As its exclusive marine electronics supplier, IBBI members benefit from
Garmin’s extensive product portfolio that includes some of the
industry’s most sophisticated chartplotters and touchscreen
multifunction displays, sonar technology, high-definition radar,
autopilots, high-resolution mapping, and other products and services
that are known for innovation, reliability, and ease-of-use.

Garmin is the world’s leading marine electronics manufacturer1
and was recently named Manufacturer of the Year for the fourth
consecutive year by the NMEA, an honor given to the most recognized
marine electronics company for support of products in the field. Other
Garmin marine brands include FUSION® Entertainment, Navionics–a premier
supplier of electronic charts, and EmpirBus™.

For decades, Garmin has pioneered new GPS navigation and wireless
devices and applications that are designed for people who live an active
lifestyle. Garmin serves five primary markets, including automotive,
aviation, fitness, marine, and outdoor recreation. For more information,
visit Garmin’s virtual pressroom at garmin.com/newsroom,
contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin,
or youtube.com/garmin.

1Based on 2017 reported sales.

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, FUSION and Navionics are registered 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. 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 29, 2018, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors.
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.


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