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Garmin Announces Victory In Patent Dispute With Rambus

Stocks in this article: GRMN

Garmin International, Inc., a subsidiary of Garmin Ltd. (NASDAQ: GRMN), announced today that the U.S. International Trade Commission has rejected all of Rambus, Inc.’s patent allegations against Garmin. As a result, the Commission terminated the investigation initiated by Rambus styled In the Matter of Certain Semiconductor Chips and Products Containing Same (Investigation No. 337-TA-753).

The notice of termination, which is subject to appeal, affirmed the Administrative Law Judge’s Initial Determination finding that Rambus’ “Barth I” patents asserted against Garmin are invalid and unenforceable. Additionally, the Commission determined that Rambus had failed to demonstrate the existence of a domestic industry for these patents. The Commission affirmed the ALJ’s determination that only Garmin was able to establish that patent exhaustion applied to its products.

This is Garmin’s third consecutive victory in patent matters before the Commission. “We are pleased with this result and are excited for the few other respondents that chose to fight the imprudent allegations with us,” said Andrew Etkind, Garmin’s vice president and general counsel. “I have faith that the Commission will continue to uncover the truth in the growing number of sometimes questionable patent investigations brought before it.”

Garmin was represented by a team led by Lou Mastriani of Adduci, Mastriani & Schaumberg LLP.

About Garmin

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/newsroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. 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 Quarterly Report on Form 10-K for the fiscal year ended December 31, 2011, 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/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.



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