Revolutionary Tacx® NEO Bike Smart begins shipping

Garmin^® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), alongside Tacx, today announced that the revolutionary
NEO Bike Smart
is now shipping to the United States, Canada and Europe. The unique features and design of the NEO Bike Smart make cycling indoors realistic and fun, while providing athletes with an easy way to train using their preferred apps.

“The NEO Bike Smart is pushing everything we know about indoor cycling to the next level,” said Dan Bartel, Garmin vice president of worldwide sales. “The NEO Bike Smart incorporates all the most popular features found in other Tacx trainers while adding new advancements, like virtual gear shifting, an integrated display and more, making it an ideal training companion.”

Designed to make a ride feel as realistic as possible, cyclists can use the Tacx software or take on the virtual worlds of Zwift to experience the road feel feature, which lets the trainer simulate the feeling of riding on different surfaces, like cobblestone and gravel. What’s more, the dynamic inertia feature controls a rider’s mass inertia and compensates for weight, speed and angle of inclination to simulate a smooth outdoor ride indoors. During a ride, descent simulation accurately imitates a downhill drive while the new pedal stroke analysis feature measures the position of a rider’s left and right legs to analyze their pedaling technique and help them develop a more effective pedal stroke.

To keep track of a cyclist’s performance and progress, the NEO Bike Smart provides reliable, accurate and consistent measurements of their speed, power and cadence. The exceptionally quiet motor delivers more power and generates higher resistance levels while measuring data accurately within 1%.

The NEO Bike Smart lets athletes train whenever, and however, they want. Cyclists can take advantage of structured training plans, race against live opponents, upload GPS data and ride on 3-D maps while also creating their own workouts based on slope, power, heart rate or FTP. Using the smart bike in stand-alone mode, it will simulate a flat road; the faster a cyclist rides, the higher the resistance.

The NEO Bike Smart features a 4.5” display and allows for customization of the pedals, saddle, handlebar and more. Now shipping to the United States, Europe and Canada, the NEO Bike Smart has a suggested retail price of $3,199.99.

Garmin’s ever-expanding fitness segment develops technologies to enhance and promote healthy and active lifestyles. Whether users are runners, cyclists, swimmers, multi-sport athletes, or simply looking to stay active throughout the day, there is a product that can help them reach their health and fitness goals. Other Garmin fitness brands include Tacx – a market leader and manufacturer of indoor bike trainers, accessories and indoor training software and applications. To learn more, visit www.garmin.com/fitness.

For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin’s virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.

The market leader with more than five decades of experience, Tacx designs and manufactures state-of-the-art bike trainers that offer a highly realistic and accurate ride simulation, as well as tools and accessories, and indoor training software and applications. As an innovative company with a passion for cycling, Tacx is the technical partner of many professional cycling teams, triathletes, cyclocross athletes and more. For more information, visit tacx.com.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.

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Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. 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 29, 2018, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. 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.