|[December 06, 2012]
Garmin® Ltd. Selected to Join S&P 500
SCHAFFHAUSEN, Switzerland --(Business Wire)--
Garmin (News - Alert) Ltd. (NASDAQ: GRMN), the global leader in satellite navigation,
today announced that it will become a component in the S&P 500 index
after the close of trading on Tuesday, December 11.
"The S&P 500 index is widely recognized as a bellwether of the American
equities market and we are honored to be listed among some of the most
recognizable and enduring brands in the world," said Dr. Min Kao,
chairman and CEO of Garmin Ltd. "This is tremendous recognition for our
company and our commitment to long-term, sustainable growth. We'd like
to thank our associates for helping us achieve this significant
The S&P 500 is an index of 500 large-cap companies from leading
industries that is widely used as a benchmark for investors and a gauge
of the overall performance of the U.S. stock market. The company will be
added to the S&P 500 GICS (Global Industry Classification Standard)
Consumer Electronics Sub-Industry index.
Since its inception in 1989, Garmin has delivered more than 100 million
products, most of them enabled with GPS - far more than any other
navigation provider. Garmin provides a wide range of products and
applications in the navigation industry. It has a leadership position in
each of the markets it serves, including automotive, aviation, marine,
fitness, and outdoor recreation.
For more information, visit www.garmin.com,
About Garmin Ltd.
The global leader in satellite navigation, Garmin Ltd. and its
subsidiaries have designed, manufactured, marketed and sold navigation,
communication and information devices and applications since 1989 - 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 is a
registered trademark of Garmin Ltd. or its subsidiaries.
S&P is a registered trademark of Standard & Poor's Financial Services
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 31, 2011, 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.
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