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Technology Stocks : Profile - Garmin Ltd. (NasdaqNM:GRMN)
GRMN 213.94-0.5%Oct 31 9:30 AM EST

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To: Howard Bennett who started this subject12/11/2000 8:23:19 PM
From: Howard Bennett   of 8
 
GARMIN Enters into License Agreement with QUALCOMM Inc


Corporate
June 5, 2000

GARMIN Enters into License Agreement with QUALCOMM Inc.

OLATHE, Kan. -- GARMIN Corporation, a leading manufacturer of navigation and communication electronics, is pleased to announce a license agreement with QUALCOMM Inc. of San Diego, Calif. Specifically, GARMIN has licensed QUALCOMM's Code Division Multiple Access (CDMA) technology. QUALCOMM pioneered this digital technology to provide crystal clear voice quality in wireless communications products and services.

"The license agreement with QUALCOMM demonstrates GARMIN's commitment to the design, development and manufacture of communication and navigation products incorporating CDMA technology," said Gary Kelley, director of marketing, GARMIN. "We want our customers to have access to the best technology available and we feel by integrating CDMA into our future products, we will succeed in accomplishing this."

GARMIN is no stranger to the world of wireless communications. In 1999, it became the first company to offer a combination Global Positioning System (GPS) and cellular telephone with the introduction of the NavTalkTM. GARMIN followed up this remarkable innovation in 2000 by becoming the first company to bring a cellular telephone to the cockpit with the debut of the NavTalk PilotTM. This telephone uses AirCellTM cellular frequency technology to enable general aviation pilots to place and receive calls while flying.

In addition to GARMIN's intention to utilize CDMA technology, the company is also committed to incorporating the Global System for Mobile (GSM) communications technology into its future products for the European market. GARMIN has facilities in the United States, Taiwan and England.

QUALCOMM Inc. is a leader in developing and delivering innovative digital wireless communications products and services based on the company's CDMA digital technology. For additional information, please call (858) 587-1121 or visit their Web site at www.qualcomm.com.
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