Garmin Wins Most Innovative Marine Company Award Again

Garmin Recognized as Most Innovative Marine Company for Second Consecutive Year

In an exciting development for the marine industry, Garmin, a global leader in navigation and communication technology, has once again been honored as the Most Innovative Marine Company by Soundings Trade Only. This accolade marks the second year in a row that Garmin has received this prestigious award, underscoring its commitment to pioneering advancements and setting new benchmarks in the marine sector. The announcement was made at the International BoatBuilders’ Exhibition and Conference (IBEX), held from October 1 to 3, 2024.

Garmin’s recognition by Soundings Trade Only, a respected trade publication in the recreational boating industry, highlights the company’s continuous efforts to transform the marine experience through cutting-edge technology and innovative solutions. The award celebrates companies that not only innovate in terms of technology and product development but also focus on workforce initiatives, sustainability, and overall industry impact.

Commitment to Innovation and Excellence

Jarrod Seymour, Garmin’s Vice President and Marine Segment Leader, expressed his gratitude for the award. He emphasized that innovation is not just a trend at Garmin; it is a core value that drives the company forward. Seymour stated, “On behalf of all of us at Garmin, we would like to thank Soundings Trade Only for this tremendous honor. Innovation isn’t just a buzzword at Garmin; it’s woven into the fabric of our company. This recognition reflects our team’s commitment to providing our customers continuous value through new ideas, game-changing technologies, and forward-thinking solutions. I am incredibly proud of our team, and we look forward to continuing to lead the way.”

The award program assesses companies based on various aspects of innovation, including altruism and social awareness, development and technology, workforce culture, manufacturing processes, supply chains, start-up mentality, and sustainability. The evaluation panel, comprised of editors, writers, and publishers from Soundings Trade Only and AIM Media Group, along with selected industry experts, commended Garmin for its commitment to purpose-driven innovation covering people, processes, and products. Impressively, Garmin has been named one of the Top 5 innovative companies for seven consecutive years.

Industry Recognition and the Path Forward

Gary Reich, Editor-in-Chief of Soundings Trade Only, expressed his pleasure in awarding Garmin the top spot among the Most Innovative Marine Companies. He highlighted Garmin’s ability to create groundbreaking products, foster a dynamic workplace, and contribute to charitable causes, all of which cement its reputation as a leader in the industry.

For those interested in learning more about the Most Innovative Marine Company awards, further details are available on the Soundings Trade Only website. Additionally, Garmin’s wide range of award-winning marine electronics can be explored on their official website.

About Garmin International, Inc.

Garmin International Inc. operates as a subsidiary of Garmin Ltd., a company listed on the New York Stock Exchange under the ticker symbol GRMN. Garmin Ltd. is incorporated in Switzerland, with its primary subsidiaries based in the United States, Taiwan, and the United Kingdom. Garmin is a well-known brand, with Navionics and JL Audio also forming part of its portfolio. The company prides itself on its cutting-edge products, which enhance navigation and communication experiences across various sectors.

Forward-Looking Statements

The announcement also contained forward-looking statements concerning Garmin Ltd. and its business strategies. These statements are based on current expectations from the management team but are subject to uncertainties and risks that might cause actual results to differ significantly. Factors impacting these forward-looking statements include known and unknown risks outlined in Garmin’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) for the year ending December 30, 2023. This report can be accessed online for more detailed information.

Conclusion

Garmin’s repeat recognition as the Most Innovative Marine Company illustrates its unwavering dedication to advancing technology and enhancing user experiences in the marine industry. By focusing on innovation, workforce development, and sustainability, Garmin continues to set new standards and inspire other companies within the sector. As the future unfolds, we can expect Garmin to maintain its leadership role, driving further advancements that benefit both the industry and its customers.

For more information about Garmin and its innovative marine products, visit [Garmin’s marine page](https://www.garmin.com/en-US/c/marine/). To explore the details of the awards program, check out [Soundings Trade Only’s website](https://www.tradeonlytoday.com/).
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