Garmin® Navigation Offered in New Kenwood Models
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the
global leader in satellite navigation, announced today that it is the
exclusive navigation supplier to Kenwood’s new 2008 lineup of in-dash
automotive electronics.
“We have been very pleased with Kenwood’s success in selling
Garmin-equipped units since we started our partnership in 2006, and
we’re expecting even greater things in 2008.” said Dan Bartel, Garmin’s
vice president of worldwide sales. “We have developed an integrated
marketing strategy with Kenwood that will benefit dealers and consumers.”
Garmin and Kenwood will work together on print, radio, and online
advertising, as well as a dedicated internet site and point of purchase
materials to inform customers. The program will extend through 2008.
“The alliance between Kenwood and Garmin is very unique to the consumer
electronics industry,” said Keith Lehman, senior vice president of
Kenwood USA Corporation. “The combination of Kenwood’s multimedia,
in-car technologies and Garmin’s GPS navigation technologies has
produced a remarkable line of advanced products that appeal to even the
most demanding customers. With our joint promotional activity already
underway, we expect 2008 to be a very successful year.”
These new Kenwood multimedia units feature either built-in or optional
navigation by Garmin, the worldwide leader in GPS with more than 31
million automotive and recreational devices delivered to date. The
navigation component features pre-loaded maps of North America or
Europe, along with six million points of interest with an easy-to-use
touchscreen interface for hassle-free driving. The Garmin system uses
internal flash memory for driving the navigation software engine so
there’s no need to swap navigation discs as with many competitive
models. Other optional features available on these cutting-edge units
include Satellite Radio, HD Radio, Bluetooth, high-speed iPod audio and
video control, and more.
The new Kenwood units will be available globally through Kenwood dealers
and their dealer option business. For more information on Kenwood’s new
2008 lineup, go to www.kenwoodusa.com.
For more information on Garmin, visit www.garmin.com.
About Garmin
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN),
the global leader in satellite navigation. Since 1989, this group of
companies has designed, manufactured, marketed and sold navigation,
communication and information devices and applications – most of which
are enabled by GPS technology. Garmin’s products serve automotive,
mobile, wireless, outdoor recreation, marine, aviation, 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 of Garmin Ltd. or its subsidiaries.
About Kenwood
Kenwood Group is “Reaching out to discover, inspire and enhance the
enjoyment of life” as part of its bold, new vision for the future. As a
leader in “Mobile & Home Multimedia Systems”, Kenwood is comprised of
three businesses (Car Electronics, Communications Equipment and Home
Electronics), 11 domestic and 25 overseas subsidiaries around the world.
Kenwood USA Corporation, based in Long Beach, Calif., is the largest
subsidiary of Kenwood Corporation (Japan). Offering more than 250
products, it is recognized as one of the largest selling brands of audio
and video entertainment products in the United States by consumers and
the consumer electronics industry for providing superior quality,
reliability and value.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd.
and its business. All statements regarding the company’s future product
introductions are forward-looking statements. 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, 2007 filed by Garmin with the Securities and Exchange
Commission (Commission file number 000-31983). A copy of Garmin’s Form
10-K can be downloaded at www.garmin.com/aboutGarmin/invRelations/finReports.html.
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.