May 1, 2002
Garmin to Debut NavTalk GSM Phone with
CEC Telecom in China
OLATHE, Kan./ May 1, 2002 / PR Newswire/ Garmin International
Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), today announced
that its GPS-enabled mobile phone for worldwide GSM networks
the NavTalk GSM will begin shipping this week
in the Peoples Republic of China (PRC) through the companys
business partner, Beijing-based CEC Telecom Co. Ltd.
The Chinese version of the NavTalk GSM, which will be marketed
by CEC Telecom throughout the PRC (including Hong Kong), is
Garmins first entry into the large Chinese GSM market.
Although the companies will not disclose the details of the
contract, this agreement represents a multimillion-dollar
initial order of the NavTalk GSM for Garmin.
"CEC Telecom has an extensive national sales force to
successfully roll out the NavTalk in China and establish the
benefits of GPS-enabled products in a new, exciting market
for our company," said Gary Burrell, co-CEO and co-chairman
of Garmin Ltd. "We believe the NavTalk will open new
traveling possibilities for the mobile user anywhere in the
Yang Xiao Tang, president of CEC Group, said: "Garmin
has a proven track record of product innovation and its NavTalk
delivers unique capabilities to our mobile phone offerings
in China. This product will be used in a variety of ways to
enhance both business productivity and leisure activities."
Garmins NavTalk GSM converges GPS and cellular technologies
to deliver a unique feature called "position reporting"
a feature that opens avenues for vehicle tracking and
enables NavTalk users to transmit their position to other
users and see multiple contacts on the high-resolution display.
Coupled with the GPS navigation, GSM communication and personal
information management capabilities of the CEC version, the
NavTalk GSM becomes a powerful tool in the hands of Chinas
growing mobile workforce.
By partnering with CEC Telecom, Garmin also tailored the
NavTalk GSM to meet the needs of the Chinese market. The CEC
model of the NavTalk features a Chinese interface, Chinese
basemap and the ability to download detailed street maps of
major Chinese cities creating an appealing product
for a wide array of users.
Garmin International Inc. is a member of the Garmin Ltd.
(Nasdaq: GRMN) group of companies, which designs and manufactures
navigation, communication and information devices -- most
of which are enabled by GPS technology. Garmin is a leader
in the general aviation and consumer GPS markets and its products
serve aviation, marine, outdoor recreation, automotive, wireless
and OEM applications. Garmin Ltd. is incorporated in the Cayman
Islands, 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 NavTalk are registered trademarks of Garmin Ltd.
or its subsidiaries.
About CEC Telecom:
CEC Telecom Co. Ltd. is a subsidiary of China Electronics
Corp. (CEC), which has mobile handset business partnerships
with Philips Electronics Consumer Communications. The companys
world-class R&D capacity, advanced production and testing
bases, and well-established national sales and service network
enable it to promote the rapid development of Chinas
information industry through the delivery of cutting-edge
telecom products. For more information, visit the companys
website at www.cectelecom.com.
Notice on forward-looking statements:
This release includes projections and other forward-looking
statements regarding Garmin Ltd. and its business. Any statements
regarding the companys future financial position, revenues,
earnings, product introductions, plans and objectives are
forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and
actual results could differ materially as a result of risk
factors affecting Garmin. Information concerning risk factors
that could affect Garmins actual results is contained
in the Annual Report on Form 10-K for the year ended December
29, 2001 filed by Garmin with the Securities and Exchange
Commission (Commission file number 0-31983). A copy of Garmins
Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.