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Garmin® Joins Clipper Round The World Yacht Race As Team Sponsor

Stocks in this article: GRMN

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced the extension of its partnership with the Clipper Round the World Yacht Race by becoming a team sponsor. Australian skipper Damian Parnham and his crew will represent Team Garmin as one of the world’s leading providers of marine electronics and satellite navigation equipment.

“Being the official supplier of marine electronics for the Clipper Round the World Yacht Race, we are proud to further our partnership by becoming an official team sponsor for this year’s competition,” said Jon Cassat, vice president of communications. “The Clipper Race is a renowned event that we feel is the perfect stage to showcase the reliability, accessibility and integration of our marine line and further our global presence within the marine market.”

“Modern oceanic racing depends on accurate position-fixing and Garmin’s reputation in the field allows the Clipper Race crews to benefit from their presence,” said Sir Robin Knox-Johnston, Chairman and Founder of the Clipper Race. “We welcome the Garmin yacht into the race as a strong representative of everything we want the Clipper Race to encompass.”

Garmin, the official marine electronics supplier of the world’s longest ocean race, will be naming its boat in the St. Katharine Docks in London on Friday, August 30 th at 10 AM. The race officially begins on Sunday, September 1 st.

Captain Parnham hopes to become the third consecutive Australian skipper to claim a victory in the Clipper Round the World Yacht Race. Parnham is a former Naval Marine Engineer who has a strong racing background and was on-board the record-breaking Brindabella during the Rolex Sydney-Hobart Race in 1997.

“The concept of building the team is a big challenge. I love to push myself and my crew to dream big and lapping the planet on a fast yacht is a dream,” explained Queensland-based Parnham.

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