Press release from Business Wire
Garmin® Expands Global Presence in the Automotive OEM Space with New Offices in China, Germany and Japan
Wednesday, April 18, 2012
Garmin® Expands Global Presence in the Automotive OEM Space with New Offices in China, Germany and Japan07:00 EDT Wednesday, April 18, 2012
SCHAFFHAUSEN, Switzerland (Business Wire) -- Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation,
today announced that it has opened new offices in Shanghai (China),
Stuttgart (Germany) and Yokohama (Japan) to support its growing presence
in the automotive OEM market. The new offices are in close proximity to
leading car manufacturers and top-tier automotive suppliers and will
host a dedicated staff of Garmin associates who specialize in automotive
OEM sales, marketing, product development and engineering. The
announcement comes on the heels of Garmin's recent opening of a dedicated
automotive OEM office in Detroit.
“Our new worldwide automotive OEM offices will provide local support for
our global customer base and help us to further drive innovation as we
pursue new business opportunities,” said Matt Munn, Garmin's managing
director automotive OEM. “Having dedicated experts in some of the
biggest automotive markets around the world also helps us to efficiently
customize our technology to the local needs of international markets.”
Garmin's new offices are of strategic value for the company's automotive
OEM group. The new locations will support Garmin's efforts to not only
provide navigation software and integrated portable navigation systems
to the automotive industry but to utilize its experience in hardware,
user interface and software development to provide fully-integrated
infotainment and telematics systems. Garmin announced its first factory-installed
in-car infotainment system for selected 2013 model year Suzuki
vehicles at the New York International Auto Show 2012.
Garmin's automotive OEM group provides a broad range of in-vehicle
electronics for the automotive industry, including infotainment and
telematics systems, navigation software, location-based services, and
integrated portable navigation systems. Garmin has agreements with
leading brands in the automotive sector such as BMW, Chrysler, Honda,
Kenwood, Panasonic, Suzuki and Toyota, among others. The company's
in-car navigation in the Dodge Charger was recognized as “Highest
Customer Satisfaction With Factory Installed Navigation Systems” in the J.D.
Power and Associates 2011 U.S. Navigation Usage and Satisfaction StudySM.
About Garmin Ltd.
The global leader in satellite navigation, Garmin Ltd. and its
subsidiaries have designed, manufactured, marketed and sold navigation,
communication and information devices and applications since 1989 – 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 Switzerland, 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 of Garmin Ltd.
All other brands, product names, company names, trademarks and service
marks are the properties of their respective owners. All rights reserved.
Garmin's navigation system in the 2011 Dodge Charger received the
highest numerical score in the J.D. Power and Associates 2011 Navigation
System Usage and Satisfaction StudySM. Study is based on
18,303 owner responses that leased or purchased 2011 model-year vehicles
with factory-installed navigation systems. Based on experiences and
perceptions of consumers surveyed October 2011. Your experiences may
vary. jdpower.com
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 31, 2011, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available 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.
Garmin International Inc.Johan-Till Broer, 913-397-8200media.relations@garmin.com
