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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Garmin    GRMN   CH0114405324

GARMIN (GRMN)
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Garmin : reg; introduces new communication systems, including the AIS 800 transceiver and the VHF 315 marine radio with Class D DSC

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05/18/2018 | 03:19pm CEST

Garmin International, Inc. today announced two new additions with built-in GPS to its marine communication product lineup - the a AIS™ 800 transceiver with Class B/SO, and the VHF 315 marine radio with Class D Digital Selective Calling (DSC). Both systems compliment the latest Garmin GPSMAP® chartplotters and multi-function displays (MFDs), and are NMEA 2000 certified to make installation and integration into a Garmin system quick and easy.

The new AIS 800 transceiver has 5 watts of transmit power with Class B/SO and provides faster position reporting than ever before.1 It receives AIS target data while transmitting a vessel's information to other AIS receivers in the area. The AIS 800 includes built-in GPS (with connector for optional external antenna) and integrates seamlessly into the Garmin onboard system. It has a cost-saving internal VHF antenna splitter that allows VHF and AIS to share a single antenna. It features NMEA 2000 connectivity for easy integration with compatible chartplotters and multifunction displays. And it's all packed into an easy-to-install black box unit with a small footprint.

The 25-watt VHF 315 marine radio with Class D DSC is a reliable modular communication solution. It's easy to use, and with NMEA 2000 connectivity, it integrates seamlessly into the Garmin onboard system. The VHF 315 features optional GPS (external GPS antenna required), and also includes the GHS™ 11 handset and new active speaker to use as an intercom between up to three stations. It's equipped with NMEA 2000 connectivity for easy integration with compatible chartplotters, multifunction displays and convenient software updates. Simplified handset connectors and an uncomplicated, easy-to-use interface allow users to quickly set up and communicate.

Expected to be available in Q2 2018, the AIS 800 has a suggested retail price of $999.99, and the VHF 315 will be available for a suggested retail price of $699.99. For more information, visit www.garmin.com/marine.

Garmin is the world's leading marine electronics manufacturer2 and was recently named Manufacturer of the Year for the third consecutive year by the NMEA, an honor given to the most recognized marine electronics company for support of products in the field. Garmin's portfolio includes some of the industry's most sophisticated chartplotters and touchscreen multifunction displays, sonar technology, high-definition radar, autopilots, high-resolution mapping, sailing instrumentation, audio, entertainment and other products and services that are known for innovation, reliability, and ease-of-use. Other Garmin marine brands include FUSION Entertainment, and Navionics, a premier supplier of electronic navigation charts.

For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary business units, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garmin, or youtube.com/garmin.

1When cruising above 14 knots.
2Based on 2016 reported sales.

About Garmin International Inc. Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and GPSMAP are registered trademarks and AIS and GHS are trademarks of Garmin Ltd. or its subsidiaries.

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Disclaimer

Garmin Ltd. published this content on 18 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2018 13:18:07 UTC

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Financials ($)
Sales 2018 3 297 M
EBIT 2018 718 M
Net income 2018 628 M
Finance 2018 1 518 M
Yield 2018 3,30%
P/E ratio 2018 19,34
P/E ratio 2019 18,81
EV / Sales 2018 3,40x
EV / Sales 2019 3,25x
Capitalization 12 713 M
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Number of Analysts 11
Average target price 62,5 $
Spread / Average Target -1,8%
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NameTitle
Clifton A. Pemble President, Chief Executive Officer & Director
Min H. Kao Executive Chairman
Douglas G. Boessen CFO, Treasurer & Principal Accounting Officer
Donald H. Eller Independent Director
Charles W. Peffer Independent Director
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