Garmin wins another patent lawsuit

Rhea-AI Summary

Garmin International, a subsidiary of Garmin Ltd. (NYSE: GRMN), announced a legal victory in a patent lawsuit filed by Logantree LP in Kansas federal court. The jury ruled that Garmin's smartwatches do not infringe on Logantree's patent claims. Garmin emphasized its commitment to defending against unfounded patent lawsuits, underscoring the company's dedication to innovation and its engineering team. The verdict may still be appealed. This ruling reinforces Garmin's position in the competitive smartwatch market.

Positive

• Garmin won a patent lawsuit, affirming that its smartwatches do not infringe on Logantree's technology.
• The victory strengthens Garmin's reputation as an innovator in the smartwatch industry.

Negative

• None.

OLATHE, Kan., Oct. 28, 2022 /PRNewswire/ -- Garmin International, Inc., a subsidiary of Garmin Ltd. (NYSE: GRMN) announced victory today in a patent lawsuit brought by Logantree LP against Garmin in Kansas federal court. After three days of testimony, the jury found that Garmin's popular smartwatches did not use any of Logantree's allegedly patented technology. 

"Garmin has always been determined to defend itself and the work of its engineers when faced with baseless patent lawsuits," said Andrew Etkind, Garmin vice president and general counsel. "Unfounded patent lawsuits continue to corrupt the patent system and debase the value of true innovation. Standing up for ourselves, and our associates like the Garmin engineers who are responsible for developing our innovative products, is an inherent part of our culture." 

The jury's verdict is subject to appeal. Garmin was represented by a team led by Adam Seitz and Megan Redmond of Erise IP and David Ayres and Sam Korte of Garmin.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday.  For more information, visit Garmin's virtual Newsroom, email our press team, or follow us on LinkedIn. 

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. 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 http://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.

Public Company Information

NYSE: GRMN

Krista Klaus
Garmin International, Inc.
Phone | 913-397-8200
media.relations@garmin.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-wins-another-patent-lawsuit-301661933.html

SOURCE Garmin Ltd.

FAQ

What was the outcome of Garmin's patent lawsuit against Logantree?

Garmin won the patent lawsuit, with the jury finding that its smartwatches do not use Logantree's patented technology.

When was the patent lawsuit verdict announced for Garmin?

The verdict was announced on October 28, 2022.

What implications does the Garmin patent lawsuit ruling have for shareholders?

The ruling reinforces Garmin's standing in the competitive market, positively impacting shareholder confidence.

Is the jury's verdict in the Garmin lawsuit final?

No, the verdict is subject to appeal.

What is Garmin's stock symbol?

Garmin's stock symbol is GRMN.