Leading trade publication honors companies shaping the future of the marine industry
OLATHE, Kan., Oct. 9, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, is proud to announce it has been named the Most Innovative Marine Company for 2023 by Soundings Trade Only, a leading trade publication for the recreational boating industry. The annual awards program recognizes forward-thinking companies that are transforming the marine industry through new products, technologies, sustainability, manufacturing processes, corporate responsibility and more. The awards were announced at the International BoatBuilders' Exhibition and Conference (IBEX) tradeshow held Oct. 3-5, 2023.
The coveted annual awards program evaluates companies in key categories of innovation, including altruism/social awareness, development & technology, workforce culture, manufacturing process/supply chains, start-up mentality and sustainability. Judges noted Garmin's dedication to creating products that enhance the lives of its customers, along with its corporate citizenship as key differentiators.
"It's a true honor to be recognized as the most innovative company in our industry. Innovation is a cornerstone at Garmin; it's the driving force that propels us forward and creates value for our customers. From product development to marketing, workforce initiatives, manufacturing processes and beyond, innovation is the heart and soul of our company. I want to congratulate our entire team on this deserving honor that recognizes their dedication and hard work each and every day." –Jarrod Seymour, Garmin Vice President and Marine Segment Leader
Applications were evaluated by a team of Soundings Trade Only and AIM Media Group editors, writers and publishers, along with chosen industry experts, and ten organizations ranging from large global companies to small startups were recognized this year among a field of 28 entrants. This is Garmin's sixth consecutive year to be named to this prestigious list.
"We'd like to congratulate Garmin and all the award winners for the great strides they took to move the innovation needle forward during the last year. Innovation is what pushes us forward and makes the boating experience safer, more enjoyable and easier for end customers, which is good for the entire industry." –Gary Reich, Soundings Trade Only Editor-in-Chief
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 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 Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Navionics and JL Audio are registered trademarks 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 31, 2022, 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.
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SOURCE Garmin International, Inc.