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December 16, 2002

Garmin® to Unveil Award-Winning, GPS-Enabled PDA at 2003 CES

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OLATHE, Kan./ PR Newswire — Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), announced today that the company has received a prestigious Consumer Electronics Association Best of Innovations Award for its upcoming iQue™ 3600 personal digital assistant (PDA) with integrated Global Positioning System (GPS) technology. The award recognizes the best products in the Innovations 2003 Design & Engineering Showcase. The iQue 3600 will be displayed alongside other award-winning products during the International Consumer Electronics Show (CES) in the Grand Lobby of the Las Vegas Hilton and in the Innovations 2003 Showcase (Booth #55083) at the Las Vegas Convention Center, Jan. 9-12, 2003.


Garmin will officially introduce the iQue 3600 on Jan. 8 at CES and will display it at the company’s booth (#29093).


"We are extremely gratified to receive this Best of Innovations Award," said Dr. Min Kao, CEO of Garmin Ltd. "We have long believed in the convergent benefits of PDA organization and GPS navigation. This award also validates that we’re on the right path with our product development and further confirms our belief that GPS-enabled products will revolutionize the way people live."


The Innovations 2003 Design & Engineering Showcase at CES highlights products in multiple categories and bases its assessment on form, function, invention and marketability of products.

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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