May 21, 2002
Garmin Enhances Mapping for Its Portable Car
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 Garmins 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
"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, Garmins director of marketing. "With
true nationwide coverage, were 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,
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 companys 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 Garmins 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 Garmins Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.