Garmin® prevails in Navico patent dispute
June 13 2017 - 1:18PM
Business Wire
Navico’s patent claims determined to be invalid
by the Federal Circuit
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN),
announced today that the Court of Appeals for the Federal Circuit
(Federal Circuit) reversed a December 2015 finding by the
International Trade Commission (ITC) that Garmin had infringed
Navico patents related to downscan sonar. Specifically, the Federal
Circuit ruled that two of Navico’s patents were invalid and that
Garmin’s DownVü sonar does not infringe a third Navico patent.
The Federal Circuit’s decision not only reverses the ITC’s
original orders, but supersedes all related rulings by U.S. Customs
and the ITC, including an initial determination that Garmin should
be subject to a $37 million fine for selling DownVü products.
Garmin is now free to import and sell any and all sonar
products.
“The Federal Circuit’s sweeping decision, finding that Navico’s
downscan technology was an obvious modification of old sonar
systems, puts an end to Navico’s unfounded and vicious patent war
against Garmin,” said Andrew Etkind, Garmin’s vice president and
general counsel. “Not only does the Federal Circuit’s decision
eliminate the ongoing disputes at the ITC, it renders Navico’s
other lawsuits in Oklahoma and Texas without merit.”
“This ruling confirms our strong belief that Navico’s patent
claims were not supported by the facts,” said Cliff Pemble,
Garmin’s chief executive officer. “Despite Navico’s flood of
lawsuits, and harassment of Garmin’s dealers, distributors, and
customers, the industry stood by us during this difficult and
unnecessary fight and for that, we are extremely grateful. We look
forward to a great 2017 filled with exciting new Garmin
products.”
A copy of today’s Federal Circuit order can be found here.
Garmin was recently named Manufacturer of the Year for the
second year in a row 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, and other
products and services that are known for innovation, reliability,
and ease-of-use.
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.
About Garmin
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 is a registered trademark 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.
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 Annual Report on Form
10-K for the year ended December 31, 2016, filed by Garmin with the
Securities and Exchange Commission (Commission file number
0-31983). A copy of such Form 10-K is available at
http://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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170613006270/en/
Garmin International, Inc.Carly Hysell,
913-397-8200media.relations@garmin.com
Garmin (NASDAQ:GRMN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Garmin (NASDAQ:GRMN)
Historical Stock Chart
From Apr 2023 to Apr 2024