Press release from Business Wire
Garmin® Joins Clipper Round the World Yacht Race as Team Sponsor
Tuesday, August 27, 2013
Garmin® Joins Clipper Round the World Yacht Race as Team Sponsor07:00 EDT Tuesday, August 27, 2013
OLATHE, Kan. (Business Wire) -- Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced the extension of its partnership with the Clipper Round the World Yacht Race by becoming a team sponsor. Australian skipper Damian Parnham and his crew will represent Team Garmin as one of the world's leading providers of marine electronics and satellite navigation equipment.
“Being the official supplier of marine electronics for the Clipper Round the World Yacht Race, we are proud to further our partnership by becoming an official team sponsor for this year's competition,” said Jon Cassat, vice president of communications. “The Clipper Race is a renowned event that we feel is the perfect stage to showcase the reliability, accessibility and integration of our marine line and further our global presence within the marine market.”
“Modern oceanic racing depends on accurate position-fixing and Garmin's reputation in the field allows the Clipper Race crews to benefit from their presence,” said Sir Robin Knox-Johnston, Chairman and Founder of the Clipper Race. “We welcome the Garmin yacht into the race as a strong representative of everything we want the Clipper Race to encompass.”
Garmin, the official marine electronics supplier of the world's longest ocean race, will be naming its boat in the St. Katharine Docks in London on Friday, August 30th at 10 AM. The race officially begins on Sunday, September 1st.
Captain Parnham hopes to become the third consecutive Australian skipper to claim a victory in the Clipper Round the World Yacht Race. Parnham is a former Naval Marine Engineer who has a strong racing background and was on-board the record-breaking Brindabella during the Rolex Sydney-Hobart Race in 1997.
“The concept of building the team is a big challenge. I love to push myself and my crew to dream big and lapping the planet on a fast yacht is a dream,” explained Queensland-based Parnham.
Garmin will showcase the quatix™ GPS marine watch, newly announced VIRB™ action camera and a full suite of Nexus® sailing products during the race. For additional information about Garmin or Clipper Round the World, visit www.garmin.com and www.clipperroundtheworld.com.
Garmin's marine business segment is a leading provider of navigation and communication equipment to retail and OEM customers. Garmin's portfolio includes the industry's most sophisticated array of chartplotters and touchscreen multifunction displays, sonar, high-definition radar, autopilot offerings and other products and services that are known for innovation, reliability, and ease-of-use.
About Garmin International Inc.
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. A component of the S&P 500 index, 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 and Nexus are registered trademarks and quatix and VIRB 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. All statements regarding the company's future product introductions are forward-looking statements. 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, 2012, 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://www8.garmin.com/company/investors/SEC/. 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.
Wes Owen, 913-397-8200