Garmin® Completes Acquisition of PulsedLight®, Developer of Optical Distance Measurement Technology

Garmin Ltd. (NASDAQ: GRMN) today announced that its subsidiary, Garmin
International, Inc., has completed its acquisition of PulsedLight, Inc.,
a privately-held designer of optical distance measurement technology
located in Bend, Oregon.

The company makes sensor boards that are highly accurate, smaller, and
more lightweight, compared to most other optical distance measurement
devices. PulsedLight developed and owns the intellectual property that
enables this technology.

“Optical distance measurement technology fits in nicely with Garmin’s
core competencies of location and positioning,” said Cliff Pemble,
Garmin president and CEO. “We are delighted to add PulsedLight and their
capabilities to the Garmin portfolio.”

“We are excited to have the support of a technology leader like Garmin.
They are able to provide the resources and manufacturing expertise to
integrate our technology into incredibly useful new devices that serve a
multitude of markets,” said Dennis Corey, president and co-founder of
PulsedLight. “We look forward to an exciting future under the Garmin
umbrella.”

The PulsedLight office and its design associates will be retained by
Garmin International. Financial terms of the acquisition will not be
released.

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 business units, 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/garmin,
or youtube.com/garmin.

About Garmin Ltd.

Garmin Ltd. is incorporated in Schaffhausen, 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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