|Exchange:||NASDAQ national market|
|Industry:||Scientific & Technical Instruments|
|Garmin Ltd., was incorporated in the Cayman Islands on July 24, 2000 as a holding company for Garmin Corporation, a Taiwan corporation, in order to facilitate a public offering of Garmin shares in the United States. Garmin owns, directly or indirectly, all of the operating companies in the Garmin group. The Company is a provider of navigation, communications and information devices, which are enabled by Global Positioning System or GPS, technology. It operates in four business segments, which serve the marine, outdoor/fitness, automotive/mobile, and aviation markets. The Company’s segments offer products through its network of subsidiary distributors, dealers and distributors. Its portable GPS receivers and accessories for marine, recreation/fitness and automotive/mobile segments are sold mainly to retail outlets. The Company’s aviation products are portable and panel-mount avionics for Visual Flight Rules and Instrument Flight Rules navigation and are sold mainly to retail outlets and certain aircraft manufacturers. The Global Positioning System is a navigation system which enables the precise determination of geographic location using established satellite technology. The system consists of a constellation of orbiting satellites. It offers automotive navigation products, as well as a variety of products and applications designed for the mobile GPS market. Garmin believes that its products are known for their value, high performance, ease of use, innovation, and ergonomics. Garmin’s marine lineup includes network products and multifunction displays, fixed-mount GPS/chartplotter products, instruments, radar, autopilots, and sounder products. Garmin’s product line includes GPS-enabled navigation, VHF communications transmitters/receivers, multi-function displays, electronic flight instrumentation systems (EFIS), traffic advisory systems and traffic collision avoidance systems, instrument landing system (ILS) receivers, surveillance products, marker beacon receivers and audio panels. Garmin’s non-aviation products are sold through a worldwide network of approximately 3,000 independent dealers and distributors in approximately 100 countries who meet the Company’s sales and customer service qualifications. Some of Garmin’s consumer products dealers and distributors include: Best Buy, Amazon.com, Costco, Halford’s, Petra, Target, Wal-Mart and Wynit. The Companies competitive factors impacting the market for its products are design, functionality, quality and reliability, customer service, brand, price, time-to-market and availability.|
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