Garmin wins optical heart rate IP dispute

Garmin (Europe) Limited, a unit of Garmin Ltd. (NASDAQ: GRMN), today
announced that it has prevailed in an intellectual property dispute
regarding Garmin’s Elevate™ wrist-based heart rate monitoring
technology. The UK High Court of Justice ruled that Garmin’s technology
did not infringe two Registered Community Designs owned by PulseOn Oy
anywhere in the EU. PulseOn had previously discontinued during the trial
its claim that Garmin copied its Elevate™ technology from PulseOn.
PulseOn has not yet sought permission to appeal. As the overall winner
of this litigation, Garmin expects to recover its costs in line with
normally applicable procedures in the UK.

“We’re pleased that the Court rejected PulseOn’s allegations,” said
Andrew Etkind, Garmin vice president and general counsel. “Garmin’s
engineers develop incredible products. We are proud and resolute to
fight those who abuse the legal system falsely to take credit for
Garmin’s own technology or to make unfounded claims of infringement of
IP rights.”

Garmin was represented by a team led by Ari Laakkonen of Powell Gilbert
LLP and Hugo Cuddigan QC.

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 (Europe) Limited

Garmin (Europe) Limited 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 and Elevate is a trademark of
Garmin Ltd. or its subsidiaries. All other brands, product names,
company names, trademarks and service marks are the properties of their
respective owners. All rights reserved.