Tuesday, March 24, 2020

Garmin® receives consecutive Supplier of the Year honors from IBBI

OLATHE, Kan. /Business Wire – Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer1, today announced that it was awarded the prestigious Supplier of the Year distinction for the second year in a row from the Independent Boat Builders, Inc. (IBBI). As the industry’s largest purchasing cooperative, the IBBI’s 18-member network of leading boat brands collectively builds nearly 25% of all boats sold in the U.S. The IBBI Supplier of the Year award recognizes one company’s outstanding service and dedication to its member network. Garmin has been a supplier of choice for the IBBI since 2014, and was named its exclusive marine electronics supplier in 2018. The IBBI presented the 2019 Supplier of the Year honor to Garmin at its Annual Meeting, March 2-4.

“We are honored to be selected by the members of the IBBI to receive their prestigious Supplier of the Year award for the second year in a row,” said Dan Bartel, Garmin vice president of global consumer sales. “From product quality and customer service to operations and supply chain, we know the importance of delivering best-in-class products and support, and we’re proud to be recognized by this group of boat builders for our commitment in these areas. We look forward to continuing to serve IBBI members well into the future.”

“The members of IBBI continue to be impressed not only with the product innovations from Garmin, but also their level of top-notch customer service,” said Tom Broy, IBBI president.

“The Supplier of the Year award is representative of the dedication that Garmin has to the IBBI boat builders and our collective customers, and we’re proud to do business with such a trusted and recognized manufacturer.”

As its exclusive marine electronics supplier, IBBI members benefit from Garmin’s extensive product portfolio that includes some of the industry’s most sophisticated chartplotters and touchscreen multifunction displays, sonar technology, high-definition radar, autopilots, high-resolution mapping, and other products and services that are known for innovation, reliability, and ease-of-use.

Garmin was recently named Manufacturer of the Year for the fifth consecutive year by the NMEA, an honor given to the most recognized marine electronics company for support of products in the field. Other Garmin marine brands include Fusion®, Navionics® and EmpirBus™.

For more than 30 years, 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 markets, 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/garminnews, instagram.com/garmin or youtube.com/garmin.

1Based on 2018 reported sales.

About Garmin International, Inc.: Garmin International Inc. 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, Fusion and Navionics are registered 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 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 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://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.

 

MEDIA CONTACT:

Carly Hysell

Garmin International, Inc.

Phone | 913-397-8200

E-Mail | media.relations@garmin.com