The awards issued by IBEX, Sea Tow Foundation, and Soundings Trade Only recognized the product innovation and the overall innovation capability of Garmin's company.

Olathe, Kansas, October 12, 2026 / PRNewswire / -- Garmin (New York Stock Exchange ticker: GRMN) Today, the company announced that it received multiple awards at the 2026 International Boat Builders Exhibition and Conference ( IBEX ) trade show in recognition of its product innovation, boat safety, and technological leadership. Garmin Signal ™ VHF 400 won the IBEX Innovation Award; Garmin OnBoard ™ received the National Boat Safety Award awarded by Sea Tow Foundation; Garmin also won the Soundings Trade Only EPIC Development and Technology Award.

Garmin also ranks 4th in the “Top Ten Most EPIC Spirit Companies” list of this award category. This program is the only award in the maritime industry that recognizes the work achievements of the entire company, rather than individual products or individuals.

Garmin, Vice President of Consumer Sales and Marketing, Susan Lyman stated: "These honors reflect that Garmin is improving the boating experience in various ways, from enhancing water communication and safety to developing new technologies that drive the industry forward. We are proud that our products and our broader approach to innovation have been recognized by many respected institutions in the maritime industry."

IBEX Innovation Award

Garmin Signal VHF stood out from 100 products competing for awards and won the OEM award in the electronics category. This product integrates VHF, DSC, and Class B SOTDMA AIS responders into a compact device equipped with a color touchscreen, and its design is suitable for almost any dashboard.

The judges also specifically mentioned its NMEA 2000 integration capability, support for 12V and 24V systems, as well as the use of magnetic mounting and independently powered handheld microphones. These designs make this radio device easier to install on a variety of vessels. The IBEX Innovation Award program is managed by the National Marine Manufacturers Association of the United States and is judged by Boating Writers International ( BWI ).

National Ship Safety Award

Garmin OnBoard System was awarded the "Best Boating Safety Product or Technological Innovation Award" by Sea Tow Foundation, which is intended to honor for-profit companies that contribute to advancing safety in the recreational boating industry. This wireless fall-overboard (MOB) detection and engine cut-off system can monitor up to 8 tags, issue alerts to those on board in the event of a fall-overboard incident, and stop the engine when the captain falls into the water.

Garmin indicates that this is the sixth time in a row that the company has received the Ship Safety Award.

Soundings Trade Only EPIC Prize

For the ninth consecutive year since the establishment of this award, Garmin has been ranked among the top five companies by Soundings Trade Only. Soundings Trade Only is a leading professional publication in the leisure boating industry. EPIC is an abbreviation for exceptional (Excellence), purposeful (Clear Goals), innovative (Innovation), and compassionate (Empathy), intended to honor companies that drive change in the maritime industry through technological advancements, innovative products and processes, and labor initiatives.

Garmin also won an award in the "Development and Technology" category and was recognized for launching as many as 15 products during the evaluation period, driving the development of the maritime industry through innovation.

Garmin indicates that for more information about their award-winning maritime electronics product portfolio, you can visit garmin.com / marine.

Garmin indicates that their products are "tailored from the inside out for outdoor life," and have brought about a revolution for anglers, sailing enthusiasts, sailors, and boat lovers around the world. The company is committed to developing the most innovative, highest-quality, and easiest-to-use marine electronics in the industry, and believes that every day is an opportunity for innovation and to surpass what came before. Garmin also indicates that the company has been awarded "Manufacturer of the Year" for the 12th consecutive year by the National Marine Electronics Association of the United States ( NMEA ).

Regarding Garmin International, Inc.

Garmin International, Inc are subsidiaries of Garmin Ltd (New York Stock Exchange ticker: GRMN). Garmin Ltd is registered in Switzerland, with its main subsidiaries located in the United States, Taiwan, and the United Kingdom. Garmin is a registered trademark, while Signal and OnBoard are trademarks of Garmin Ltd or its subsidiaries. All other brands, product names, company names, trademarks, and service marks are the property of their respective owners.

Forward-looking Statements Warning

This press release contains 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 press release may not occur, and actual results may differ significantly due to known and unknown risk factors and uncertainties that affect Garmin. These include, but are not limited to, the risk factors listed in Garmin's 10-K annual report filed with the U.S. Securities and Exchange Commission for the fiscal year ending December 27, 2025 (Commission filing number 0-31983). The relevant 10-K and 10-Q documents can be found at https :// www.garmin.com / en-US / investors / sec.

Garmin indicates that no forward-looking statements can guarantee implementation, and such statements merely reflect the circumstances on the date they are made. Unless required by law, Garmin assumes no obligation to publicly update or revise any forward-looking statements due to new information, future events, or other reasons.

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