Introducing fēnix® 3: The Next Smart Multisport GPS Watch from Garmin®

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today
announced the next-generation multisport GPS watch, fēnix 3. With the
new EXO™ GPS antenna, fēnix 3 boasts features that support a full range
of multisport activities, from advanced fitness training, to
cross-country and alpine skiing, snowboarding, as well as hiking,
climbing and trail running. It’s compatible with the Connect IQ™ store
for even more smartwatch functionality and customization. Fēnix 3 comes
in three variations: Silver, Gray, and the premium Sapphire, which
features a scratch-resistant sapphire lens. With uncompromising details
like a stainless steel bezel and sunlight-readable high-resolution color
display, the fēnix 3 combines the GPS and wearable technology that
Garmin is known for with a sleek new form factor that suits both the
outdoors and the boardroom.

Fēnix 3 is being showcased with the wide-ranging line of purpose-built
Garmin wearables in the Garmin booth (South Hall 4 #35811) at this
year’s CES.

“Premium materials, a rugged aesthetic and smartwatch capabilities make
fēnix 3 the perfect watch for someone who lives a rigorous lifestyle,”
said Dan Bartel, Garmin vice president of worldwide sales. “Designed to
handle even the most rugged conditions, fēnix 3 provides a comprehensive
multisport feature set that can be fully customized to the user, making
it easy to transition into everyday activities.”

Uncompromising Design

Available in three variations, fēnix 3 features a new, bold design with
superior construction quality: Silver with a red band and crystal
lens, Gray with a black band and the premium Sapphire with
a stainless steel band and domed sapphire lens. Each features a
protective stainless steel bezel and buttons, and glass fiber reinforced
housing to survive even the harshest conditions. The new
omni-directional steel EXO antenna, when paired with GLONASS and EPO,
provides an even faster fix and accurate position than GPS alone.

Each fēnix 3 model boasts a sunlight-readable color display with an LED
backlight, so data is easily visible in any light. Water rated to 100
meters, fēnix 3 can withstand swimming and other water activities
without fear of damage¹. It boasts 20 hours of battery life
in GPS mode, 50 hours in UltraTrac mode and six weeks in watch mode.
Basic watch functions include alarms, tones, vibration alerts, timer and
stopwatch. Users can also choose from a variety of analog and digital
watch faces to suit style and personal preferences.

Multisport Training

Fēnix 3 is packed with training features to improve users’ form and
fitness. When paired with a heart rate monitor², fēnix 3 can
estimate VO2 max to evaluate the user’s fitness level, and based on this
calculation, predict race times. Fēnix 3 can also calculate recovery
time and perform a recovery check after intense workouts, so users know
how long to rest before their next hard workout to prevent injury. When
paired with HRM-Run™, fēnix 3 reports advanced running dynamics, which
includes cadence, vertical oscillation and ground contact time to
improve running economy.

In addition to running, fēnix 3 also reports on biking, swimming, skiing
and snowboarding, as well as daily activity tracking. In the pool or
open water, fēnix 3 can track distance, pace, stroke count and more.
Ski/Board mode puts speed, distance, vertical drop and an automatic run
counter on the user’s wrist while on the slopes. For everyday wear,
fēnix 3 has activity tracking functionality, which provides a customized
step goal each morning, then counts steps, calories and distance
throughout the day. It also features a vibration move alert after one
hour of inactivity and sleep mode to monitor quality of rest at night.

Outdoor Navigation

Like its predecessors, fēnix 3 comes equipped with a full navigational
toolset. The EXO antenna paired with the 3-axis electronic compass,
barometer and auto-calibrating altimeter allows fēnix 3 to easily
navigate on and off the beaten track.

With fēnix 3, users can plan trips and navigate courses, mark locations,
such as campsites or points of interest, and record GPS breadcrumb
trails on the move. The TracBack feature can automatically reverse the
activity to navigate back to the starting point.

Connect IQ & Wireless Connectivity

With Connect
IQ, fēnix 3 can be completely customized to suit the needs of the
user. Connect IQ is the first-ever open platform for third-party
developers to create apps and widgets for Garmin products. Through the
Connect IQ store on the Garmin Connect Mobile app, users can download
customized apps, widgets, data fields and watch faces to make their
fēnix 3 even smarter.

Garmin is working with several app developers that are creating fēnix 3
apps for the Connect IQ store. Tempo,
for example, is building a smart calendar app that will let users see
their upcoming events, and send an email from their watch if they are
running late. LifeLine
Response personal safety app is expanding to include Garmin devices
with 24/7 Professional Safety. AccuWeather will
offer an app to give users air quality and allergy information at a
glance. iSKI is
working on an app to provide the latest weather, snow, lift and slope
information at a glance. Octane Fitness is
building an app to bridge the gap between outdoor runs and indoor
workouts on the Octane Zero Runner to seamlessly track all workout
stats. Moxy,
a muscle oxygen sensor, is creating an app that monitors the oxygenation
of critical muscles during a workout, so users can have more insight on
what is happening within their muscles.

In addition to Connect IQ, fēnix 3 is equipped with even more wireless
connectivity. The Smart Notification feature allows users to pair their
smartphone³ with the watch to receive call, text and email
alerts right on their wrist, no matter if their phone is buried deep in
their backpack. Automatic uploads to Garmin
Connect through Wi-Fi® hotspots or through the Garmin Connect Mobile
app allows users to seamlessly upload their data via Bluetooth®. Fēnix 3
users can also use the mobile app to start a LiveTrack session, allowing
invited friends and family to follow along in real time during a
training session, out on the trail or even on race day. To further
enhance training, analysis and sharing, additional
features are now available in Garmin Connect’s modern
view including multisport support, a new activity detail page, group
leaderboards and more.

Fēnix 3 can also act as a wireless remote for the Garmin VIRB® Elite
action cam. Using ANT+, users can start and stop recording and take
stills right from their wrist. In addition to heart rate monitors, fēnix
3 is compatible with a variety of other ANT+™ accessories such as
tempe™ temperature sensor, speed/cadence sensor, and the Vector™
power meter.

Fēnix 3 will be available to purchase in Q1 2015. Fēnix 3 Gray and
Silver will have a suggested retail price of $499.99 and $549.99 for the
HRM-Run bundle. The premium fēnix 3 Sapphire will have a suggested
retail price of $599.99.

Fēnix 3 is the latest solution from Garmin’s expanding outdoor segment,
which focuses on developing technologies and innovations to enhance
users’ outdoor experiences. Whether hiking, hunting, geocaching,
golfing, dog training, or capturing it all on VIRB action cameras,
Garmin outdoor devices are becoming essential tools for outdoor
enthusiasts of all levels. For more information about Garmin’s other
outdoor products and services, go to http://www.garmin.com/outdoors, www.garmin.blogs.com and http://twitter.com/garmin.

For 25 years, 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 business units, 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,
twitter.com/garmin,
or youtube.com/garmin.

¹ For more information on Garmin water ratings, click
here.

² Heart Rate Monitor sold separately.

³ Examples of compatible phones include: iPhone® 4S &
later, Android™ 4.3, Galaxy S3 or later, Galaxy Note 3 or HTC One, phone
must be Bluetooth Smart. For the full list of compatible smartphones, click
here.

About Garmin

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, fēnix and VIRB are registered trademarks and Connect
IQ, EXO, HRM-Run, ANT+ and Vector 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. 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 28, 2013, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). 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.

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