Garmin named Most Innovative Marine Company for second consecutive year
Rhea-AI Summary
Garmin (NYSE: GRMN) has been named the Most Innovative Marine Company for the second consecutive year by Soundings Trade Only, a leading trade publication for the recreational boating industry. The award was announced at the International BoatBuilders' Exhibition and Conference (IBEX) held Oct. 1-3. This marks Garmin's seventh consecutive year in the Top 5 companies.
The awards program evaluates companies in key innovation categories, including altruism/social awareness, development & technology, workforce culture, manufacturing process/supply chains, start-up mentality, and sustainability. Judges commended Garmin's commitment to purpose-driven innovations in people, processes, and products.
Garmin's Vice President and Marine Segment Leader, Jarrod Seymour, expressed pride in the team's dedication to providing continuous value through new ideas and game-changing technologies.
Positive
- Named Most Innovative Marine Company for the second consecutive year
- Seventh consecutive year in the Top 5 companies
- Recognized for innovations in people, processes, and products
- Commitment to providing continuous value through new ideas and technologies
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- None.
News Market Reaction 1 Alert
On the day this news was published, GRMN gained 0.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Annual awards program by Soundings Trade Only recognizes companies shaping the future of the marine industry
"On behalf of all of us at Garmin, we would like to thank Soundings Trade Only for this tremendous honor. Innovation isn't just a buzzword at Garmin; it's woven into the fabric of our company. This recognition reflects our team's commitment to providing our customers continuous value through new ideas, game-changing technologies and forward-thinking solutions. I am incredibly proud of our team, and we look forward to continuing to lead the way."
–Jarrod Seymour, Garmin Vice President and Marine Segment Leader
The awards program evaluates companies in key categories of innovation—altruism/social awareness, development & technology, workforce culture, manufacturing process/supply chains, start-up mentality and sustainability. Applications were evaluated by Soundings Trade Only and AIM Media Group editors, writers and publishers, along with chosen industry experts. The panel of judges commended Garmin's commitment to purpose-driven, people, process and product innovations. This is Garmin's seventh consecutive year to be named one of the Top 5 companies.
"It is a pleasure to award Garmin the top spot in our Most Innovative Marine Companies awards for the second consecutive year. Whether it's creating innovative new products, culturing a vibrant workplace for its employees or donating time and effort to charitable causes, Garmin deserves this very important recognition." –Gary Reich, Soundings Trade Only Editor-in-Chief
To read more about the Most Innovative Marine Company awards program, visit tradeonlytoday.com, and to learn more about Garmin's award-winning suite of marine electronics, visit garmin.com/marine.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the tenth consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics® and JL Audio®. For more information, visit Garmin's virtual Newsroom, email our press team, connect with @garminmarine on social media, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in
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 30, 2023, 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/en-US/company/investors/earnings/. 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
913-397-8200
media.relations@garmin.com
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SOURCE Garmin International, Inc.
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