August 30, 2005
Garmin Chooses SiRF as Supplier on Selected New Garmin Devices
OLATHE, Kan./August 30, 2005/PR Newswire — Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), a leading provider of navigation, communication and information devices, and SiRF Technology Holdings, Inc. (NASDAQ: SIRF), a leading provider of GPS-enabled location technology, today announced they have entered into an agreement to incorporate SiRF architecture into a range of Garmin devices. Under the terms of the agreement, Garmin will integrate SiRF’s SiRFstarIII architecture on selected Garmin units.
“As the market for new GPS-enabled devices grows, we continue to introduce feature-rich products designed to improve people’s everyday lives,” said Gary Kelley, Garmin’s vice president of marketing. “SiRF’s high sensitivity architecture is well-suited for some of our soon-to-be-announced products, and will help us achieve our mission of enhancing the GPS experience. We look forward to working with SiRF on these devices.”
The SiRFstarIII is SiRF’s flagship architecture. With its 200,000 correlators, the SiRFstarIII GPS technology will continue to provide Garmin users with the industry-leading GPS performance they have come to rely upon when purchasing a Garmin device.
“As an early pioneer in GPS-enabled consumer devices, Garmin has developed a well-deserved reputation for market leadership and customer satisfaction,” according to Kanwar Chadha, founder and vice president of marketing for SiRF. “Garmin’s endorsement of SiRF’s GPS architecture is a clear validation of our strategy of becoming the GPS architecture supplier of choice. We look forward to working with Garmin in driving our shared vision of bringing the benefits of GPS to mainstream consumers.”
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 is a registered trademark, of Garmin Ltd. or its subsidiaries. Anticipated product availability dates are based on management's current expectations and are not guaranteed.
SiRF Technology Holdings, Inc. is a leading supplier of GPS enabled location technology for high-volume mobile consumer devices and commercial applications. SiRF’s technology has been integrated into mobile consumer devices, such as automobile navigation systems, mobile phones, PDAs, GPS-based peripherals and handheld GPS navigation devices, and into commercial applications, such as asset tracking devices and fleet management systems. SiRF markets and sells its products in four target platforms: automotive, consumer electronics, mobile computing and wireless devices. Founded in 1995, SiRF is headquartered in San Jose, California, and has sales offices, design centers and research facilities around the world. The company trades on the NASDAQ Stock Exchange under the symbol SIRF. Additional information about SiRF and its location technology solutions can be found at www.sirf.com.
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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 and expected product availability dates 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 25, 2004 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s Form 10-K can be downloaded 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.