Long-term agreement includes Garmin, JL Audio,
Fusion and Clarion Marine products
OLATHE,
Kan., July 2, 2024 /PRNewswire/ -- Garmin
(NYSE: GRMN), the world's most innovative and recognized marine
electronics manufacturer, today announced it was selected as the
exclusive marine electronics and audio supplier for Independent
Boat Builders, Inc. (IBBI), the industry's largest purchasing
cooperative. Beginning model year 2025, this agreement gives IBBI
member-owners direct access to Garmin's full line of marine
electronics and audio solutions, including JL Audio®,
Fusion® and Clarion Marine, through 2029. Comprised of a
15-owner network of leading boat brands, IBBI members collectively
build more than 25% of all boats sold in the U.S.
"We are so pleased to extend and strengthen our long-standing
relationship with these boat builders to include both electronics
and audio exclusively from Garmin. From chartplotters and
navigation with leading Garmin Navionics+™ mapping to
trolling motors, stereos, speakers and more, Garmin offers a robust
product portfolio known for quality and innovation—backed by
award-winning support—that will continue to benefit our mutual
customers now and into the future."
–Dan Bartel,
Garmin Vice President of Global
Consumer Sales
IBBI member-owners have chosen Garmin for over a decade. Prior
to becoming its exclusive marine electronics supplier in 2018,
Garmin had been a supplier of choice for IBBI since 2014. In 2019,
audio was added when Fusion was named IBBI's marine stereo and
entertainment supplier of choice. Garmin was also the recipient of
IBBI's prestigious Supplier of the Year award in 2018, 2019 and
2024, a direct result of its dedication to IBBI boat builders and
the group's collective customers.
"Garmin continues to set the standard when it comes to
product innovation and customer service, and we are proud to
continue doing business with such a trusted and recognized
manufacturer. From product quality to support, the members of IBBI
continue to be impressed with Garmin and the great benefits they
provide to the end customer so extending our agreement was an easy
decision."
–Tom Broy, IBBI President
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
ninth 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 or follow our blog.
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, JL Audio, Fusion and
Navionics are registered trademarks and Garmin Navionics+ is a
trademark of Garmin Ltd. or its subsidiaries.
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 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.