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OLATHE, Kan. — Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that on July 7, 2010, the Northern District of Illinois granted Garmin’s motion for summary judgment in SP Technologies, LLC v. Garmin International, Inc. and TomTom, Inc. and issued an Order invalidating all asserted claims of U.S. Patent 6,784,873. This is the third consecutive patent suit that Garmin has successfully concluded by aggressively attacking invalid patents asserted by non-practicing patent holding companies.
“We are pleased with this judgment – it reaffirms our belief that courts are willing to take decisive action against bad patents when presented with solid evidence of their invalidity. Companies like Garmin, that employ innovators, manufacture products, and sell goods in the market, should not be forced to settle lawsuits that assert patents that never should have issued from the Patent Office,” said Andrew Etkind, Garmin’s Vice President and General Counsel.
Etkind also indicated his hope that Garmin’s string of victories might influence other actual market participants: “We hope other companies will begin to invest the necessary resources to invalidate patents that are clearly anticipated by prior inventions and stem the tide of these patent lawsuits.”
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin’s virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.
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 26, 2009, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of these filings are available at 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.