Garmin receives 2022 BMW Group Supplier Innovation Award

Rhea-AI Summary

Garmin (NYSE: GRMN) has been awarded the prestigious 2022 Supplier Innovation Award by BMW Group for its contributions to the BMW 7 Series, particularly the Theatre Screen feature. This recognition was announced during an event on November 17, 2022, in Munich. Garmin's innovative technology enables a uniquely immersive back-seat movie experience with a 31-inch panoramic display. The company has also expanded its manufacturing capabilities with a new facility in Poland and enhancements at its U.S. headquarters, solidifying its role as a key partner in BMW's digital cockpit solutions.

Positive

• Received 2022 BMW Group Supplier Innovation Award for customer experience.
• Contribution to the innovative Theatre Screen in the BMW 7 Series enhances customer experience.
• Expanded manufacturing capacity with a new facility in Poland.

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• None.

Automotive OEM team recognized for contribution to new BMW Theatre Screen featured on the BMW 7 Series launched this year

OLATHE, Kan., Nov. 22, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announce that its Automotive OEM group has been recognized by BMW Group with a coveted 2022 Supplier Innovation Award in the customer experience category. The annual program recognizes suppliers that successfully collaborate with the automaker to drive developments forward and enable the use of outstanding technologies in BMW vehicles.

"This award is a testimony to our commitment to BMW and its customers around the world," said Garmin Automotive Group Managing Director Matt Munn. "We believe every day is an opportunity to innovate, and we are honored by the confidence BMW Group has entrusted in Garmin as we design, produce and deliver high-quality infotainment solutions for the BMW lineup of vehicles."

Garmin was lauded for its contribution to the Theatre Screen, a private back-seat movie lounge experience introduced in the all-new BMW 7 Series. With a click of a button, a 31-inch panoramic display descends from the headliner, blinds are closed, and lighting is automatically adjusted to transform the second row into a private cinema on wheels. Garmin's custom designed computing module manages all the software and customer interfaces to enable the BMW Theatre Screen experience. 

"Innovations are key to the success of our transformation towards electromobility, digitalization and sustainability. Our award ceremony recognizes innovation and cooperative partnership with our suppliers – especially in challenging times," said Joachim Post, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.

The BMW Group Supplier Innovation Awards were presented Nov. 17 at the 2022 BMW Welt conference in Munich. Winners were announced in a total of six categories: drive train and e-mobility, sustainability, digitalization, customer experience, newcomer of the year and exceptional team performance.

BMW appointed Garmin as its lead tier-one supplier of in digital cockpit computing modules for future BMW models. To expand its production capability and capacity, Garmin invested in a new 29,000-square meter state-of-the-art automotive OEM manufacturing and distribution facility in Wroclaw, Poland as well as expansions to manufacturing at its U.S. headquarters in Olathe, Kan.

Garmin Automotive OEM has cultivated key relationships with leading automobile manufacturers to provide a variety of integrated in-vehicle hardware and software solutions including embedded computing models, infotainment, integrated cameras, navigation, precise positioning technology and advanced driver-assistance systems (ADAS). Garmin Auto OEM has dedicated offices throughout the Americas, Europe and Asia. For more information, email our press team, connect with us on LinkedIn, or visit garmin.com/aoem.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.

About BMW Group With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises over 30 production sites around the world; the company has a global sales network in more than 140 countries. For more information, www.bmwgroup.com.

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 25, 2021, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983).  A copy of such Form 10-K is available at https://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.

Krista Klaus
913-397-8200
media.relations@garmin.com

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SOURCE Garmin International, Inc.

FAQ

What award did Garmin receive from BMW Group?

Garmin received the 2022 Supplier Innovation Award from BMW Group for its contributions to the customer experience.

What is the significance of the Theatre Screen in the BMW 7 Series?

The Theatre Screen is a 31-inch panoramic display that transforms the back seat into a private movie theatre experience.

When was the Supplier Innovation Award presented to Garmin?

The award was presented on November 17, 2022, during a ceremony in Munich.

What is Garmin's role in BMW's digital cockpit solutions?

Garmin is the lead tier-one supplier for digital cockpit computing modules for future BMW models.

Where is Garmin expanding its manufacturing capabilities?

Garmin is expanding its manufacturing capabilities with a new facility in Wroclaw, Poland, and enhancements at its U.S. headquarters in Olathe, Kansas.