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May 21, 2002

Garmin Enhances Mapping for Its Portable Car Navigation Systems

StreetPilot III, GPS V get ‘deluxe’ treatment to become true plug-and-drive navigators

OLATHE, Kan. — Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), today announced that the company will introduce deluxe versions of its leading vehicle navigation systems — the StreetPilot III and GPS V — that guide drivers by GPS satellite technology. The deluxe packages will offer the same ultra-functional devices, but more detailed cartography and simplified computer access to digital map data for any location in the U.S. and most locations in Canada.

The StreetPilot III is Garmin’s high-end, portable navigation system, boasting a crisp, 16-color display and voice guidance to alert drivers when to turn or when they are approaching their destination. The GPS V is a smaller unit, has a high-resolution grayscale display and audibly beeps for turns and destinations. The GPS V is a versatile device and easily transforms from a car navigator to a handheld, personal navigator at the touch of a button for camping or hiking. Both units feature automatic routing, turn-by-turn navigation and general map data of North and South America.

"Our goal with these deluxe packages is to provide broader mapping coverage as part of a robust set of standard accessories with a sophisicated, yet easy-to-use and affordable system," said Gary Kelley, Garmin’s director of marketing. "With true nationwide coverage, we’re simply making our full-featured StreetPilot III and compact GPS V even better. In many respects, both of these products now deliver the same capabilities as higher priced, in-dash systems, but in a portable unit."

Improved digital mapping is the biggest asset in the deluxe package. The MapSource City Navigator CD-ROM (StreetPilot III, standard) and MapSource City Select CD-ROM (GPS V, standard) now include nearly all U.S. streets and addresses. The mapping provides drivers with more than 6 million points of interest — hotels, restaurants, local services, etc. — not only for major cities like New York, Los Angeles and Chicago, but also for medium-sized cities like Albany, Pensalcola, and Green Bay. With these deluxe packages, consumers will have unrestricted nationwide access to all U.S and select Canadian street-level data. The end result is true, plug-and-drive navigation.

The StreetPilot III will also come standard with a 128-MB datacard (replacing the 32-MB card) and a skid-resistant friction mount. The datacard provides enough storage capacity to deliver electronic mapping and address look-up capabilities for numerous U.S. metropolitan areas. The dash mount has been a popular optional accessory because it can be molded to dashboards of multiple vehicles to optimize viewing and portability.

The suggested retail price for the deluxe versions of the StreetPilot III and GPS V are $1,166.65 and $535.70, respectively, and both are expected to be available in June 2002.

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. Visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200 for more information. GARMIN, StreetPilot and Personal Navigator are registered trademarks, and MapSource, GPS V, City Navigator and City Select are trademarks of Garmin Ltd. or its subsidiaries.

Notice on forward-looking statements:

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company’s 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 Garmin’s 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 Garmin’s Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.

 

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