SYDNEY, Jan. 26, 2012 -- Garmin has today announced that it will transition its map provider for the majority of its nuvi range of Personal Navigation Devices (PNDs) to NAVTEQ from February 2012. Garmin PNDs in Australia and New Zealand released from next month will join the majority of Garmin's global PND range that already trust NAVTEQ as a map provider.
"Garmin is known for providing the best navigation experience for PND users around the world," said Trevor Berrange, Managing Director, Garmin Australasia. "NAVTEQ has been Garmin's map provider in the United States and throughout most European countries for many years and they have invested heavily in the Australian and New Zealand markets to provide a quality map solution for our customers."
"We are proud to have been chosen by Garmin as the mapping provider for their class leading nuvi range of PNDs and believe this is testament to both the strength of our mapping data and our emphasis on local development," said Kirk Mitchell, Vice President, Asia Pacific Sales, NAVTEQ. "Our significant resources here in Australia and New Zealand and our relationship with Garmin in other parts of the world have allowed us to make this significant collaboration work for both Garmin and NAVTEQ."
All Garmin nuvi models released from February 2012 onwards in Australia and New Zealand will be manufactured with NAVTEQ maps onboard. Garmin's fitness, outdoor and marine ranges will remain unchanged.
For more information about Garmin's products and services, go to www.garmin.com.au.
About Garmin International Inc.
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 Switzerland, 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 and Forerunner are registered trademarks and ANT+ and Garmin Connect are trademarks 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.
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 forwzard-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 25, 2010, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available 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.
About NAVTEQ
NAVTEQ is the leading global provider of location content in the form of maps, traffic and places data that enables navigation, location-based services and mobile advertising around the world. NAVTEQ supplies precise, comprehensive location content to power automotive navigation systems, portable and wireless devices, Internet-based mapping applications and government and business solutions. The Chicago-based company was founded in 1985 and has approximately 5,800 employees located in 200 offices in 54 countries.
