Garmin® Receives The Economist Group 2012 Innovation Award for Consumer Products

(PresseBox) (Olathe, Kan., ) Garmin International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the global leader in satellite navigation, is pleased to announce that its co-founders, Gary Burrell and Dr. Min Kao, have been selected to receive the Economist Group 2012 Innovation Award for Consumer Products for Garmin's portable navigation devices. The awards recognise significant contributions across eight fields ranging from telecoms to social altruism.

The Economist gathered an audience of 200 guests, comprising leading figures from business, academia, science, R&D and government for a presentation of their awards in the British Academy of Film and Television Arts Theatre in London on Thursday, November 15.

Tom Standage, Digital Editor at The Economist and Chairman of the panel of 29 judges, said of the award decision: "The Economist's Innovation Awards recognise the dreamers and the doers behind the innovations that transform the world we live in. Through their vision and creativity, this year's winners have created important products and services.

Whether in household names or behind-the-scenes breakthroughs, their innovative contributions have become part of everyday life for millions of people."

"We are very honored to receive this prestigious award and humbled that Garmin is included among some of the biggest thinkers and best brands in the world," said Dr.Kao, who accepted the award on behalf of Garmin.

The awards ceremony formed the culmination of The Economist's year-long programme of engagement around innovation and was streamed live worldwide.

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