July 31, 2002
Introduces High-Performance GPS Modules at Low-End Prices
/ July 29, 2002 / PRNewswire Garmin International Inc.,
a unit of Garmin Ltd. (Nasdaq: GRMN), today announced that the
company has introduced the GPS 15™ a family of high-performance
sensor boards that provide GPS position, velocity and time information
for various original equipment manufacturer (OEM) applications,
such as vehicle tracking.
in three models, the GPS 15 line will compliment the GPS 25 in
Garmin's OEM sensor board lineup. The GPS 15 family is smaller,
lighter, less expensive, and consumes less power, but offer the
same quality GPS performance that has defined Garmin as an industry
offering our OEM customers premium performance, quality and capabilities
in a GPS module at very competitive prices," said Gary Kelley,
Director of Marketing of Garmin International Inc. "This
is a significant milestone for our company and were delighted
to provide a line of small, reliable sensors with the versatility
to satisfy most any GPS requirement of most any OEM application.
We started delivering the GPS 15 in volume earlier this month
and are very pleased with the performance and market acceptance."
size of a commemorative stamp, the GPS 15 weighs only 10 grams
and offers CMOS interface. The GPS 15L and GPS 15H, weigh approximately
15 grams, measure about the size of a matchbook, and are 3.3-5V
and 8-40V modules, respectively. Both offer one pulse per second
timing, an RS-232 interface and WAAS capability.
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, and GPS 15
and GPS 25 are trademarks of Garmin Ltd. or its subsidiaries.
on forward-looking statements:
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.