Garmin Ltd. reports developments across GPS-enabled hardware and software for fitness, outdoor, automotive, aviation and marine markets. Company news commonly covers earnings releases, new smartwatch features, aviation flight deck systems, marine sonar and chartplotter products, and integrations through the Connect IQ platform and connected wearables.
Garmin updates also include audio products under JL Audio and Fusion, inReach satellite and cellular connectivity, supplier recognition in aviation, and product partnerships tied to health, messaging and outdoor communications. The company is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan and the United Kingdom.
Garmin Ltd. (NYSE:GRMN) has launched the LiveScope™ XR, an innovative live-scanning sonar transducer, enhancing fishing experiences with a live sonar range of up to 500’ in freshwater and 350’ in saltwater. This new technology offers real-time high-resolution images of aquatic life and structures over 200% more range than competitors. The system features multiple viewing angles and advanced sensor adjustments for stability in rough waters. LiveScope XR is priced at $2999.99 and is compatible with various Garmin chartplotters.
Garmin Ltd. (NYSE: GRMN) has launched the LiveScope Plus Ice Fishing Bundle LI, enhancing the ice fishing experience with advanced live-scanning sonar technology. This bundle boasts a 35% improvement in target separation and up to 65% more battery life thanks to its lightweight lithium battery. The device supports dual modes for real-time imaging up to 200 feet and features a touchscreen ECHOMAP UHD 93sv with preloaded LakeVü g3 maps. With a suggested retail price of $3,249.99, the product is expected to be available in September 2022.
Garmin Ltd. (NYSE: GRMN) invites investors to its second quarter 2022 earnings call on July 27, 2022, at 10:30 a.m. EDT. The earnings release will precede market open on the same day. Participants can join via a live webcast or phone call, with registration required for dial-in access. This call marks an important opportunity for stakeholders to gain insights into Garmin's financial performance. An archive of the webcast will be available until July 26, 2023.
Garmin Ltd. (NYSE: GRMN) unveils the Signature Series 3i marine speakers from its Fusion brand, featuring new grille colors, water-resistant connectors, and enhanced audio performance. Designed for easy installation and durability against marine environments, the series includes a variety of styles and sizes. With innovative CURV cone technology, these speakers provide crystal-clear sound while integrating seamlessly with Fusion DSP-enabled stereos. Prices range from $379.99 to $819.99, backed by a 3-year warranty, aiming to elevate onboard entertainment experiences.
Garmin has announced a strategic alliance with Sea Tow Services International to enhance boater safety. This collaboration provides Sea Tow franchisees exclusive discounts on Garmin marine electronics, including the GPSMAP chartplotter series and radars. Sea Tow members will access specialized training on these products and preferred pricing on cartography. The partnership aims to improve boating experiences by equipping Sea Tow captains with state-of-the-art technology, emphasizing Garmin's commitment to innovation in marine safety.
Garmin Ltd. (NYSE: GRMN) announces the second annual Garmin Health Awards, calling for entries to recognize innovative health solutions integrating Garmin wearable technology. The awards highlight advancements across health care, insurance, and engagement sectors, with winners announced at the Garmin Health Summit on Sept. 29-30, 2022, in Rome. Winners will receive 50 Garmin wearables valued at $10,000. Applications are open from June 20 to July 8, 2022, encouraging participants to submit active projects leveraging Garmin’s technology.
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Garmin Ltd. (NYSE: GRMN) announced a significant legal victory against Philips North America LLC, with the U.S. District Court in California dismissing a lawsuit over patent claims. Judge André Birotte Jr. ruled that the patents in question were invalid and did not apply to Garmin's products. This follows similar dismissals in other jurisdictions, underscoring Garmin's strong defense against Philips’ claims. Garmin's legal team expressed satisfaction with the ruling, reinforcing the company's commitment to protecting its innovations.
Garmin Ltd. announced a cash dividend of $2.92 per share at its annual shareholders' meeting, with four equal installments. The first installment of $0.73 is scheduled for June 30, 2022, with a record date of June 20, 2022. Subsequent installments are planned for September 30, 2022, December 30, 2022, and March 31, 2023, each with a record date set 15 days prior. The dividend amount is subject to adjustment if the Swiss Franc depreciates significantly against the USD.
Garmin has launched the new dēzl OTR610/710/810/1010 trucking navigators, aimed at enhancing the road experience for professional truck drivers. Key features include Birdseye Satellite Imagery for better arrival planning, larger high-resolution displays (6 to 10 inches), and split map views. The navigators offer customized routing options based on truck size, alerts for road conditions, and a comprehensive directory for truck stops. Prices range from $349.99 to $899.99, available now at garmin.com/dēzl.