Garmin receives multiple accolades for advancing innovation and safety in the marine industry

Honors include prestigious IBEX Innovation Award, National Boating Industry Safety Award, and recognition as a Most Innovative Marine Company by Soundings Trade Only

OLATHE, Kan./Oct. 25, 2022/PR Newswire – Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, is proud to announce several recent awards honoring its commitment to innovation and safety in the boating and fishing industries, including an IBEX Innovation Award, National Boating Industry Safety Award, and recognition as a Most Innovative Marine Company by Soundings Trade Only. The awards were announced in virtual ceremonies on Oct. 20 and 21, 2022, following the cancellation of the International BoatBuilders’ Exhibition and Conference (IBEX) tradeshow, the largest technical trade event for marine industry professionals in North America, originally scheduled Sept. 27-Oct. 1, 2022.

“Innovation is truly in our DNA and the cornerstone of how we create new products and markets across our business, so it’s very humbling to again be named a Most Innovative Marine Company by the industry expert team at Soundings Trade Only,” said Dan Bartel, Garmin vice president of global consumer sales. “The National Boating Industry Safety Award is validation of our efforts to improve situational awareness on the water with products and programs that support responsible boating, and the IBEX Innovation Award represents our relentless commitment to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known.”

IBEX Innovation Award

One of the marine industry’s most prestigious honors, the IBEX Innovation Awards recognize manufacturers and suppliers for their outstanding product development in the recreational boating industry and beyond. Managed by the National Marine Manufacturers Association (NMMA) and judged by members of Boating Writers International (BWI), these awards honor a select group of new and innovative products annually.

Garmin received an Innovation Award in the ‘OEM Electronics’ category for Surround View, the industry’s first fully integrated system of cameras to offer live bird’s-eye view video monitoring for full 360-degree visibility around the boat from the helm. Utilizing six through-hull mounted cameras that act like multiple sets of eyes, Surround View maximizes visibility around the vessel to help captains quickly view their vessel’s perimeter during low-speed maneuvers, such as docking.

Judge Ben Stein noted, “Garmin’s Surround View Camera System eases challenging docking and tight quarters handling with a birds’ eye view of the boat and its surroundings. Integrating up to six cameras, it gives the kind of visibility we all want when inches matter.”

National Boating Industry Safety Award

Presented by the Sea Tow Foundation, this annual award commends companies in the recreational boating industry that are successfully promoting safe and responsible boating. Garmin received top honors in the ‘Gear and Equipment Manufacturer’ category for its Safe Boating Campaign, which included purposeful media outreach, informative social and blog content, special webinars and participation in various industry organizations and initiatives in 2022—all aimed at providing products, resources and education needed for a stronger and smarter community of boaters.

Most Innovative Marine Company Award

Garmin was also named a Top 10 Most Innovative Marine Company for 2022 by Soundings Trade Only. This award honors forward-thinking companies that are transforming the future of the marine industry through new initiatives, manufacturing processes, marketing approaches, technologies, products, workforce and more. This is Garmin’s fifth consecutive year to be named to this prestigious list of innovative companies, and this year the company earned the No. 3 spot.

Earlier this month, Garmin was also named Manufacturer of the Year for the eighth straight year by the National Marine Electronics Association (NMEA), a title given to the most recognized company in the marine electronics industry for excellence in product service and support in the field.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Other Garmin marine brands include Fusion® and Navionics®. For more information, visit Garmin’s virtual Newsroomemail our press team, connect with @garminmarine on social media, or follow our adventures at garmin.com/blog.

###

About Garmin International, Inc.

Garmin International Inc. is a subsidiary of Garmin Ltd. (NYSE: 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.

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 25, 2021, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at http://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.

Contact

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

Public Company Information

NYSE: GRMN