Garmin announces sponsored professional cycling teams for 2023

World-class athletes will use Garmin’s innovative products to track performance metrics, receive training guidance and stay on top of their health and wellness stats

OLATHE, Kan./January 25, 2023 — Garmin (NYSE: GRMN) today announced sponsorship of more than 20 professional cycling teams for 2023 — all of which will use Garmin products as they compete at the highest level of their sport. Representing Garmin in races around the globe, these sponsored cycling teams will be equipped with premium products, including Forerunner® and fēnix® multisport smartwatches, Edge® cycling computers, Tacx® indoor cycling trainers, Varia™ rearview radars, Rally power meter pedals and Index Smart Scales.

The following professional cycling teams will take advantage of the Garmin product ecosystem for training and racing in 2023:

AG Insurance-Soudal Quick-Step Team Q36.5 Pro Cycling Team
Astana Qazaqstan TeamRocacorba Collective
Baloise Trek LionsSCOTT-SRAM MTB Racing
Canyon CLLCTVSoudal-Quick Step
Clif Family Drifters CyclingTeam Flanders – Baloise
CUBE Action TeamTeam Jumbo-Visma
Equipe cycliste Groupama-FDJTeam SD Worx
INEOS Grenadiers Cycling TeamTeam TotalEnergies
KMC MTB Racing TeamTrek Factory Racing
Lotto DstnyUno-X Pro Cycling Team
Movistar TeamYeti FOX Factory Racing Team

New this year, AG Insurance-Soudal Quick-Step’s female team and Lotto-Dstny’s female and development teams will begin using Garmin’s Rally power meter pedals to measure total power, cadence, advanced cycling dynamics and more during their rides.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin’s virtual Newsroom, email our press team, connect with @garmincycling 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, Forerunner, fēnix, Edge and Tacx are registered trademarks and Varia, Index and Rally 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 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

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

Public Company Information

NYSE: GRMN