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January 8,
2001
Garmin®
Licenses Palm OS software for Location-Enabled Handhelds
OLATHE, Kan.
and SANTA CLARA, Calif., Jan. 6, 2001 — Garmin Corporation,
a unit of Garmin Ltd. (Nasdaq: GRMN), a leading provider of navigation,
communication and information electronics, and Palm, Inc. (Nasdaq:
PALM), a leading provider of handheld computers, have entered
into a licensing agreement to incorporate Palm OS(R) software
in a new line of handheld products with Garmin's GPS hardware
and software. Under the terms of the agreement, Garmin Corporation
will develop, manufacture and market location-enabled handhelds
that will be able to run the thousands of applications available
for the Palm OS platform, thus diversifying Palm Powered(TM) handheld
offerings.
"We are
pleased to be a licensee of the Palm OS and look forward to utilizing
this technology in our location-enabled devices," said Gary
Kelley, director of marketing, Garmin International Inc. "Location
technology is becoming a key ingredient in mobile computing platforms.
The convergence of location technologies with Personal Information
Management (PIM) and communication functions will provide customers
a higher level of convenience and confidence, particularly when
traveling to unfamiliar destinations."
"Palm
looks for market leaders to expand the Palm(™) Economy in
new directions," said Alan Kessler, chief operating officer
for Products and Platform at Palm, Inc. "Location-based services
and wireless applications are key components in our efforts to
expand the Palm Economy. Garmin's leadership and strength in GPS
solutions will provide customers with handhelds that are well-equipped
to provide information about where they are, wherever they are."
Palm Powered
products will complement Garmin's already broad line of GPS-enabled
products. In 1999, Garmin introduced the eMap®, a handheld
electronic map/GPS with the ability to locate addresses and points
of interest, such as hotels and restaurants. The eMap joined the
family of more than 50 models of GPS devices designed and manufactured
by Garmin.
About
Garmin
Garmin Corporation
and Garmin International Inc. are members of the Garmin Ltd. (Nasdaq:
GRMN) group of companies. Garmin Ltd., through its operating subsidiaries,
designs and manufactures navigation, communication and information
electronics. The company’s full product line serves the aviation,
marine, outdoor recreation, automotive, wireless and OEM markets.
The company is incorporated in the Cayman Islands and its principal
subsidiaries maintain offices in the United States, Taiwan and
the United Kingdom. For more information, visit the Virtual Press
Room at www.garmin.com/pressroom, or contact the Media Relations
department at 913-397-8200.
About
Palm, Inc.
Palm, Inc.
is a pioneer in the field of mobile and wireless Internet solutions
and a leading provider of handheld computers (source: IDC, December
1999). Based on the Palm OS(R) platform, Palm's handheld solutions
allow people to carry and access their most critical information
with them wherever they go. Palm handhelds address the needs of
individuals, enterprises and educational institutions through
thousands of application solutions. The Palm OS platform is also
the foundation for products from Palm's licensees and strategic
partners, such as Cresenda Wireless; ePocrates, Inc.; Franklin
Covey; Handspring; IBM; Sony; Symbol Technologies; and TRG. Platform
licensees also include Kyocera, Samsung, and Nokia. The Palm Economy
is a growing global community of industry-leading licensees, world-class
OEM customers, and more than 130,000 innovative developers and
solution providers that have registered to support the Palm operating
system and platform. Palm went public on March 2, 2000. Its stock
is traded on the Nasdaq national market under the symbol PALM.
More information is available at http://www.palm.com.
# # #
This press
release contains forward-looking statements respecting Garmin
Ltd. and its business. These forward-looking statements involve
risks and uncertainties, and actual results may differ materially.
There could be a number of factors affecting future results, including
those factors identified in Garmin's Registration Statement
on Form S-1 dated Dec. 8, 2000 and filed by Garmin with the Securities
and Exchange Commission (Commission file no. 333-45514). Garmin
will not update any forward-looking statements in this press release
to reflect future events or developments.
Palm OS is a registered trademark and Palm and Palm Powered are
trademarks of Palm, Inc. or its subsidiaries.
Garmin is a registered trademark and eMap is a trademark of Garmin
Corporation.
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