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Press Release
Garmin Licenses Palm OS Software for Location-Enabled Handhelds
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OLATHE, Kan. and SANTA CLARA, Calif., Jan. 6 /PRNewswire/ --
Garmin Corporation, a unit of Garmin Ltd. (Nasdaq: GRMN), a leading provider
of navigation, communication and information electronics, and Palm, Inc.
(Nasdaq: PALM), a leading provider of handheld computers, have entered into a
licensing agreement to incorporate Palm OS(R) software in a new line of
handheld products with Garmin's GPS hardware and software. Under the terms of
the agreement, Garmin Corporation will develop, manufacture and market
location-enabled handhelds that will be able to run the thousands of
applications available for the Palm OS platform, thus diversifying Palm
Powered(TM) handheld offerings.
"We are pleased to be a licensee of the Palm OS and look forward to
utilizing this technology in our location-enabled devices," said Gary Kelley,
director of marketing, Garmin International Inc. "Location technology is
becoming a key ingredient in mobile computing platforms. The convergence of
location technologies with Personal Information Management (PIM) and
communication functions will provide customers a higher level of convenience
and confidence, particularly when traveling to unfamiliar destinations."
"Palm looks for market leaders to expand the Palm(TM) Economy in new
directions," said Alan Kessler, chief operating officer for Products and
Platform at Palm, Inc. "Location-based services and wireless applications are
key components in our efforts to expand the Palm Economy. Garmin's leadership
and strength in GPS solutions will provide customers with handhelds that are
well-equipped to provide information about where they are, wherever they are."
Palm Powered products will complement Garmin's already broad line of
GPS-enabled products. In 1999, Garmin introduced the eMap(TM), a handheld
electronic map/GPS with the ability to locate addresses and points of
interest, such as hotels and restaurants. The eMap joined the family of more
than 50 models of GPS devices designed and manufactured by Garmin.
About Palm, Inc.
Palm, Inc. is a pioneer in the field of mobile and wireless Internet
solutions and a leading provider of handheld computers (source: IDC,
December 1999). Based on the Palm OS(R) platform, Palm's handheld solutions
allow people to carry and access their most critical information with them
wherever they go. Palm handhelds address the needs of individuals,
enterprises and educational institutions through thousands of application
solutions. The Palm OS platform is also the foundation for products from
Palm's licensees and strategic partners, such as Cresenda Wireless; ePocrates,
Inc.; Franklin Covey; Handspring; IBM; Sony; Symbol Technologies; and TRG.
Platform licensees also include Kyocera, Samsung, and Nokia. The Palm Economy
is a growing global community of industry-leading licensees, world-class OEM
customers, and more than 130,000 innovative developers and solution providers
that have registered to support the Palm operating system and platform. Palm
went public on March 2, 2000. Its stock is traded on the Nasdaq national
market under the symbol PALM. More information is available at
http://www.palm.com.
About Garmin
Garmin Corporation and Garmin International Inc. are members of the
Garmin Ltd. group of companies. Garmin Ltd., through its operating
subsidiaries, designs and manufactures navigation, communication and
information electronics. The company's full product line serves the aviation,
marine, outdoor recreation, automotive, wireless and OEM markets. The company
is incorporated in the Cayman Islands and its principal subsidiaries maintain
offices in the United States, Taiwan and the United Kingdom. For more
information, visit the Virtual Press Room at http://www.garmin.com/pressroom,
or contact the Media Relations department at 913-397-8200.
This press release contains forward-looking statements respecting
Garmin Ltd. and its business. These forward-looking statements involve risks
and uncertainties, and actual results may differ materially. There could be a
number of factors affecting future results, including those factors identified
in Garmin's Registration Statement on Form S-1 dated Dec. 8, 2000 and filed by
Garmin with the Securities and Exchange Commission (Commission file
no. 333-45514). Garmin will not update any forward-looking statements in this
press release to reflect future events or developments.
Palm OS is a registered trademark and Palm and Palm Powered are trademarks
of Palm, Inc. or its subsidiaries.
Garmin is a registered trademark and eMap is a trademark of Garmin
Corporation.
SOURCE Palm, Inc.
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