IBBI selects Fusion® as marine stereo/entertainment supplier, extends exclusive agreement with Garmin® electronics to 2024
June 25 2019 - 7:00AM
Business Wire
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN),
today announced that Fusion, a Garmin brand and worldwide leader in
marine entertainment, has been selected as a supplier of choice for
the Independent Boat Builders, Inc. (IBBI), the industry’s largest
purchasing cooperative. Beginning Model Year 2020, this agreement
will give members direct access to Fusion’s full line of audio
entertainment products through 2024. Comprised of a 19-member
network of leading boat brands, IBBI members collectively build
nearly 25% of all boats sold in the U.S.
“We are extremely honored that IBBI has chosen Fusion to be a
stereo supplier of choice,” said Dan Bartel, Garmin vice president
of global consumer sales. “IBBI members are some of the most
innovative boat builders in the industry, and together with Garmin,
Fusion is committed to supplying them with exciting new products
and solutions, and first-class service that meet and exceed the
needs of their customers.”
Fusion offers an innovative range of stereos, speakers,
amplifiers, subwoofers and audio accessories, designed and
engineered to deliver a superior and intuitive audio entertainment
in the challenging marine environment. Its flagship head unit – the
Apollo RA770 – is the industry’s first touchscreen marine stereo
with Apple Airplay and Wi-fi audio distribution.
In addition, Garmin, the parent company to Fusion, was awarded
an extension to continue as IBBI’s exclusive marine electronics
supplier for the next five years. This agreement grants IBBI
members access to Garmin’s extensive product portfolio that
includes some of the industry’s most sophisticated chartplotters
and touchscreen multifunction displays, sonar technology,
high-definition radar, autopilots, high-resolution mapping and
other products and services that are known for innovation,
reliability, and ease-of-use.
“We are excited to expand our strategic relationship with Garmin
into the Fusion marine stereo product line,” said Tom Broy, IBBI
president. “The Fusion stereo products are top-of-the-line products
that can instantly add a sense of quality to any boat. Garmin was
just awarded our supplier of the year award, so extending our
Garmin contract was an easy decision.”
Garmin is the world’s leading marine electronics manufacturer1
and was recently named Manufacturer of the Year for the fourth
consecutive year by the NMEA, an honor given to the most recognized
marine electronics company for support of products in the field.
Fusion, the leader in marine audio entertainment, is dedicated to
offering innovative, intuitive, award-winning solutions that
enhance personal leisure time on the water. Other Garmin marine
brands include Navionics–a premier supplier of electronic charts,
and EmpirBus™.
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 markets,
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, instagram.com/garmin or youtube.com/garmin. For
more information on Fusion, visit fusionentertainment.com or
contact 623-580-9000.
1Based on 2017 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, Fusion and Navionics are registered
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.
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 29, 2018, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190625005229/en/
MEDIA CONTACT: Carly Hysell Garmin International, Inc.
Phone | 913-397-8200 E-Mail | media.relations@garmin.com
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