In early February of 2006, Garmin Ltd. and Garmin Corporation sued TomTom in Wisconsin alleging that TomTom infringed five patents dealing with certain "ease-of-use" features developed by Garmin engineers. After the Wisconsin lawsuit was filed, TomTom, which does not hold any U.S. patents for technology it developed itself, purchased three U.S. patents from Horizon Navigation, Inc. and then asserted these patents in a counterclaim in the Wisconsin lawsuit. TomTom alleged that over 60 products made by Garmin infringed these three patents and sought substantial damages and a permanent injunction against further sales of these Garmin products.
The parties filed motions for summary judgment in early fall of 2006. In a previous ruling on December 22, 2006, Judge Barbara Crabb ruled that each and every claim asserted by TomTom was not infringed by Garmin. Judge Crabb found that certain of Garmin's claims against TomTom could not go forward, but her ruling did not resolve multiple patent infringement claims asserted by Garmin against TomTom. In her April 24, 2007 ruling, Judge Crabb reiterated that every claim asserted by TomTom was not infringed by Garmin and determined that Garmin's remaining claims against TomTom could not go forward.
Garmin strongly disagrees with Judge Crabb's ruling as to its claims against TomTom. Garmin is assessing available legal options to continue its efforts to protect the innovations developed by Garmin's engineers. In addition, Garmin is pursuing a separate patent infringement action against TomTom in the Eastern District of Texas. The Texas court recently rejected TomTom's attempt to have the litigation transferred out of the Eastern District. Judge Crabb's ruling has no impact on the Texas litigation, which is set for trial in the fall of 2008.
Since its founding in 1989, Garmin has been a leading pioneer and innovator in consumer navigation devices. Garmin recently was named by Forbes magazine as America's best managed company in the field of technology hardware and equipment, and as one of the 400 best publicly traded companies in America. Garmin also recently was selected as an inaugural constituent of the Ocean Tomo 300 Patent Index based on the value of Garmin's patent portfolio. In addition, Garmin was recently named to Wired Magazine's 10th Annual List of the 40 Most Wired Companies in the World, which represents the companies that "dominate their industries and point the way to the future."
The Garmin Ltd. (NASDAQ:GRMN) group of companies designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.
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Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. 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 30, 2006 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's Form 10-K can be downloaded 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.
Source: Garmin Ltd.