Garmin announces verdict in another Navico patent lawsuit

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN),
announced today that a jury verdict was reached in a patent lawsuit
brought by Navico against Garmin in the Eastern District of Texas. The
jury found that Garmin had willfully infringed two Navico “downscan”
patents and awarded damages in the amount of $38 million. The court
awarded judgment in favor of Garmin on a false advertising claim filed
by Navico.

“We disagree with the verdict on the patents and will appeal,” said
Andrew Etkind, Garmin’s vice president and general counsel. “We expect
to succeed in our appeal, as the Federal patent appeals court has
already concluded that Navico’s other downscan patents are not valid in
view of Humminbird’s earlier work.” Garmin’s appeal of today’s jury
verdict will be heard by this same appeals court.

“Although we are disappointed in the outcome, we continue to stand
behind our products,” said Cliff Pemble, Garmin’s chief executive
officer. “Today’s jury verdict has no impact on Garmin’s dealers and
customers as our products will continue to be available to the public.”

Garmin was recently named Manufacturer of the Year for the second year
in a row by the NMEA, an honor given to the most recognized marine
electronics company for support of products in the field. Garmin’s
portfolio includes some of the industry’s most sophisticated
chartplotters and touchscreen multifunction displays, sonar technology,
high-definition radar, autopilots, high-resolution mapping, sailing
instrumentation, and other products and services that are known for
innovation, reliability, and ease-of-use.

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

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