Garmin® receives The Economist Group 2012 Innovation Award for Consumer Products
Singapore/ November 19, 2012 - Garmin Corporation, a unit of Garmin Ltd., the global leader in satellite navigation, is pleased to announce that its co-founders, Gary Burrell and Dr. Min Kao, have been selected to receive the Economist Group 2012 Innovation Award for Consumer Products for Garmin’s portable navigation devices.
The awards recognise significant contributions across eight fields ranging from telecoms to social altruism. The Economist gathered an audience of 200 guests, comprising leading figures from business, academia, science, R&D and government for a presentation of their awards in the British Academy of Film and Television Arts Theatre in London on Thursday, November 15.
Tom Standage, Digital Editor at The Economist and Chairman of the panel of 29 judges, said of the award decision: “The Economist's Innovation Awards recognise the dreamers and the doers behind the innovations that transform the world we live in. Through their vision and creativity, this year’s winners have created important products and services. Whether in household names or behind-the-scenes breakthroughs, their innovative contributions have become part of everyday life for millions of people.”
We are very honored to receive this prestigious award and humbled that Garmin is included among some of the biggest thinkers and best brands in the world,” said Dr. Kao, who accepted the award on behalf of Garmin.
The awards ceremony formed the culmination of The Economist’s year-long programme of engagement around innovation and was streamed live worldwide.
About Garmin Corporation
Garmin Corporation, is a unit 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. Garmin, Bluechart, City Navigator, Colorado, Foretrex and Oregon are registered trademarks and Dakota, is a trademark of Garmin Ltd. or its subsidiaries.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company’s future product introductions are forward-looking statements. 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 27, 2008, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s Form 10-K can be downloaded 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.