History Founding Help improve this text by adding citations to reliable sources. Unsourced material might well be challenged and removed. (2009) Gary Burrell, born in the mid 1940s, earned a college degree in Electrical Engineering from Wichita State University and a graduate degree from the Rensselaer Polytechnic Institute. He started for King Radio, a manufacturer of aviation radios in 1963 just six years and then company was started by Edward King Jr. in a farmhouse in Olathe. An authorized pilot, Burrell led development on a handful of King most successful navigation and communications products. The King Radio company began to supply Boeing with aircraft radio equipment starting in 1969. By 1989, Burrell had spent nearly his entire professional career apart from little stint at Lowrance Electronics doing work for King Radio. During years the manufacturer went through the many corporate changes. In 1983 King was acquired by your Allied Corporation and while using the former Bendix Corporation to Bendix-King. Allied later followed to merge when using the Signal Companies in 1985 to build AlliedSignal which acquired Honeywell in 1999 then assumed the Honeywell name. Corporate headquarters in Olathe, KS Min H. Kao (Name in Chinese: ), was given birth to in 1949 on the small town of Jhushan in Nantou in Taiwan (). After serving around the Taiwanese Navy Kao attended National Taiwan University and relocated to the nation to attend the University of Tennessee where he obtained advanced degrees in Electrical Engineering. As the graduate student he performed research to the National Aeronautics and Space Administration and then the States Army. He later continued to dedicate yourself American defense contractors Teledyne and Magnavox. Burrell hired Kao to join his division at Allied King subsidiary in 1983. Kao have been working at Magnavox developing military systems when using the Gps constellation of satellites, in those days identified as NAVSTAR. During his years handling Burrell, Kao led the team that developed the best Device system who was that should be certified to use in airplanes by its U.S. Federal Aviation Administration. During the time the satellite constellation used to be assembled. The 1986 explosion for the Space Shuttle Challenger had set it construction back by Two or three years. The satellites needed to be redesigned to install aboard a Delta II rocket. Machine was declared operational in April 1989, and happened to prove a decisive strategic convenience of U.S. and Allied forces on the 1991 Gulf War. Kao has been contemplating starting a company, and had recently visited old fashioned friends in Taiwan, one among whom was a great investment banker, who assured Kao should he were going to launch a corporation, launch money could be available. Within weeks of their total meeting, Burrell and Kao were for a plane to Taipei, Taiwan and within months of those visit had amassed $4 million, which included the combined belongings in their personal savings accounts. The capital city was sufficient to rent a dozen engineers and also to rent office and work area in Lenexa, Kansas. They named this new company ProNav, but changed it to Garmin in 1991 anytime a competitor, while using name NavPro on one with the GPS receivers, sued alleging trademark infringement. armin is known as a schooling would include biology the founders names, Gary and Min. Company growth By far the only Garmin retail location is available over the Magnificent Mile. By 1995 Garmin sales had reached $105 million, along achieved real money of $23 million. By 1999 sales had reached $233 million and profit of $64 million. Garmin reported a 2006 total revenue of $1.77 billion, up 73 percent from $1.03 billion in 2005. By 1999 the corporation products had captured about 50 % within the United states business of GPS receivers used by marine and recreational use markets, as per a market study conducted by Frost and Sullivan. Some internal estimates indicated that its aviation retrofit products had 59% market share, understanding that its portable aviation GPS products had 76% on the market.[citation needed] Burrell retired in 2003 as Garmin Ceo also in 2004 retired as Chairman of the company's Board of Directors. He has been now Chairman Emeritus. Kao became CEO in 2003, and Chairman in 2004. In 2005 Forbes Magazine estimated Kao value at $1.5 billion. He is donated $17.5 million into the University of Tennessee. The identical year Forbes estimated Burrell value as $940 million. Public offering By 2000 Garmin had sold three million GPS devices, and was producing 50 the latest models of. Its products were available in 100 countries and carried by 2,500 independent distributors. As of 22 August 2000, the business enterprise held 35 patents on GPS technology. Right at the end of June 2000, the provider employed 1,205 people: 541 in the usa, 635 in Taiwan, and 29 throughout the uk. The business enterprise began public trading on NASDAQ on 8 December 2000. During the time Burrell owned 19,911,155 shares. Kao owned 20,352,803 shares. Together their holdings landed 45 percent with the stock in Garmin. Kao brother, Ruey-Jeng Kao, an attorney at law in Taipei, owned another 7,984,109 shares, that if in addition to Burrell and Kao shares constituted 54.22 percent of this shares outstanding. Worldwide companies Garmin are operating in a few other countries form UK, USA and Taiwan. It operates as Formar (Belgium), Garmin AMB (Canada), Belanor (Norway), and Trepat (Spain). Acquisitions In August 2003 Garmin completed acquiring UPS Aviation Technologies, Inc., a subsidiary of Fedex, Inc., expanding its product line of panel-mounted GPS/NAV/COMM units and integrated cockpit systems for private and commercial aircraft. The acquired company changed its name to Garmin AT, Inc. and continued operations in the form of wholly owned subsidiary of Garmin International, Inc. Garmin has acquired Dynastream Innovations, EME Tec Sat SAS (EME), and Digital Cyclone. Dynastream, based in Cochrane, Alberta,
mlb shop, Canada, is mostly a leader in the field of personal monitoring technology (ANT+) including foot pods and heart rate monitors for sports and fitness products it's a respected provider of ultra-low-power and low-cost wireless connectivity solutions for any wide range of applications (ANT). EME Tec Sat SAS (EME) stands out as the distributor of Garmin's consumer products in France; as soon as the acquisition, EME will alter its name to Garmin France SAS. Digital Cyclone Inc (DCI), centered at Minnetonka, Minnesota, provides weather solutions for consumers, outdoor enthusiasts, and pilots. Garmin also bought Nautamatic Marine Systems, an Oregon-based company that makes autopilot systems for boats. Recent corporate activity Garmin announced in 2006 going without shoes would release all its software for Mac OS X right at the end of year. In 2006 Garmin introduced a completely new corporate logo. The corporation also announced in 2006 the opening of that first store on Michigan Avenue in Chicago, Illinois. Products and brands See also: Set of Garmin products Marine GPS The agency first product was the GPS 100, a panel-mounted GPS receiver focused towards the marine market, being $2,500. It debuted at the 1990 International Marine Technology Exposition in Chicago. The product or service was an immediate hit and generated a backlog of orders for five,000 units. Reacting into the demand thus created, Kao traveled (January 1991) to Taipei to operate manufacturing facilities. Handheld GPS Another early product, a handheld GPS receiver, proved favored by military personnel serving in Kuwait and Saudi Arabia over the 1991 Gulf War. Noisy . 2000s, Garmin launched a few personal GPS devices focused towards recreational runners known as Forerunner. Exactly the same wrist-worn GPS device with two dimensional GPS tracking and waypoint projection known as the Garmin Foretrex is favorite among day hikers, off-road mountain bikers, and sailboat racers. The compact eTrex "Yellow" model, showing a northwest travel direction to some destination 538 m in the west. One of the popular of the Garmin handheld GPS receivers, the compact eTrex series, has been available since 1998. While in the eTrex line are many models packaging many different features and options. The very first eTrex, commonly nicknamed "eTrex Yellow", became a sensation when it first appeared,
mac makeup, simply because it offered a light-weight (5.3 oz/150 g), waterproof, palm-sized 12-channel GPS receiver to backpackers,
mac makeup wholesale, hikers, among others afoot in remote areas, as well as a battery of up to 22 hours on just two AA-size batteries. The eTrex 'Yellow' eventually became Garmin's entry-level GPS receiver. Other more advanced eTrex models include Summit, Venture, Legend, and Vista, each with various the latest features for instance WAAS, altimeter, digital compass, city database, and highway maps. Many models appear in color and expandable-memory versions. The Geko series is actually a later compact to line of handheld GPS receivers geared toward your ability to buy or lightweight hiking market. In 2004 Garmin introduced its 60C to line of handheld GPS mapping receivers, featuring increased sensitivity and storage capacity and also a life cycle of battery as much as 30 hours in battery-save mode. This is associated with the 60Cx and 60CSx with improved color map displays. The 60 Cx and 60CSx happen to have been used as primary navigational tools on several adventure and exploration trips to remote areas globally, including a rafting expedition down the entirety of this Amazon River in 2008. iQue PDA receivers Main article: Garmin iQue In 2003 Garmin launched the iQue selection of integrated PDA-GPS receivers. On 31 October 2005 the iQue M4 took over as the first PDA that would not need to have a PC to preload the maps. The American version included built-in maps of The country, as the UK version was supplied pre-loaded with maps of Western Europe. Street navigators Garmin nvi 255W, with a 4.3 inch diagonal display In October 2005, Garmin released the StreetPilot i-Series,
nfl store, compact GPS navigators which come in three models, i2, i3, i5. The i2 has a monochrome display, and maps ought to be loaded for a Transflash card. The i3 is a lot like the i2, except within the color screen. The i5 boasts a color screen additionally, the maps come preprogrammed straight into the device. More professional versions on the StreetPilot add c-Series, most of which sport large colour touchscreens, FM traffic notifications, support for weather and data updates from MSN Direct, and Bluetooth support. In October 2006, Garmin began shipping the nvi 660, a pocketsize widescreen successor for their nvi 300 series. The 660 added bluetooth, FM transmitter, enhanced screen brightness and display size, all in a tiny "flat" size. Additionally, Garmin's Zumo line is designed specifically motorcycles. The Zumo 550 and StreetPilot 2610 with slightly different feature sets are marketed for an OEM offering by BMW with regards to motorcycles since the BMW Zumo and BMW Navigator III. Fishfinders Garmin also manufactures a series of sonar fishfinders, including some units this have GPS capability. Laptop GPS In April 2008 Garmin launched Garmin Mobile PC, a Gps device application for laptop PCs in addition to other computers, in line with the Microsoft Windows operating-system. Nvifone Main article: Garmin Nvifone At the begining of 2009 Garmin announced it could be manufacturing a location-specific cellular telephone in cooperation with Asus. Referred to as the Garmin-Asus nvifone G60, the country release was scheduled for 4 2009. Fitness instructors Main article: Garmin Forerunner The Garmin Edge and certain kinds of Garmin Forerunner is often a suite of GPS-enabled devices to be played with while running or cycling. Avionics Main article: Garmin G1000 Garmin avionics Garmin carries a dedicated division for aviation products, including integrated cockpits, panel mount displays, multi-function displays (MFD), transponders, radar and other related avionics. Just like, the G1000 will be an all-glass avionics suite (cockpits) for OEM aircraft. The G900X is comparable to the G1000 but manufactured for utilize in experimental aircraft, and also the G600 can be a retrofit solution for assorted certificated aircraft. Garmin entered the aviation market in 1991 while using the GPS-100AVD panel-mounted receiver. Their first portable unit, the GPS-95, has been around since 1993. In 1994, the GPS-155 panel-mounted unit was the best GPS receiver that you can purchase to acquire full FAA certification for instrument approaches. In 1998 Garmin introduced the GNS-430, an internal Gps unit receiver/communications transceiver. Garmin expanded its presence on the aviation market in 2003 through acquiring UPS Aviation Technologies, thereby finding the latter's II Morrow Apollo series of aircraft GPS/NAV/COMM units, complementing its existing aviation manufacturer product line. II Morrow was founded in Salem, Oregon in 1982 being manufacturer of LORAN C marine and general aviation products. In 1986, Fedex (UPS) purchased the organization to grow making use of electronic technology inside the package delivery and tracking business and renamed it UPS Aviation Technologies in 1999. It soon phased out on the marine business and guided toward progression of technology for UPS and general aviation. In April 2007 the Oregon-based aircraft company Epic AIR (subsidiary of Aircraft Investor Resources (AIR) LLC Nation) announced which it would use Garmin glass panel cockpits and related avionics in every of the certified and experimental very light jets and turboprop aircraft. The Garmin G900X will likely be used for yourrrre able to send owner-built airplanes, although the Garmin G1000 shall be utilized for certified Epic aircraft. Maps Most up-to-date Garmin devices can display our present-day location for the map. The maps are vector-based and residing in the built-in memory or loaded from additional flash media. The built-in (or 'basemap') displays all country borders and major cities. Garmin is made with a range of maps for sale by owner, including detailed road maps, topographic maps and nautical maps. Non-commercial maps can be found allowing it to show up of many Garmin GPS devices. Outdoors map directory "Maps 'n Trails" lists all freely available maps designed by a lot of people, often based upon data belonging to the OpenStreetMap Project and hosted on Mapcenter or individual websites. The calibre of the maps varies widely. Also, it is possible to brew a map from various vector or raster resources. Software tools for custom maps creation are on hand on the net. Advertising In recent times, Garmin has television commercials over the Christmas season, carried out the tune of Carol on the Bells. Sport sponsorships In 2007 Garmin began sponsorship of English Premier League football team Middlesbrough in any one-year deal that had been carried proper second year towards the 2008/09 season. In 2008 Garmin began sponsorship of cycling team Garmin-Slipstream to advertise its Edge to line of bicycle computers. See also Wikimedia Commons has media relating to: Garmin Open Handset Alliance Automotive navigation system Magellan Navigation MapKing Navigon NDrive Spanner (Garmin program) Garmin-Slipstream TomTom References ^ a b c Garmin (GRMN) annual SEC income statement filing via Wikinvest ^ a b Garmin (GRMN) annual SEC balance sheet filing via Wikinvest ^ "AlliedSignal Inc. - Company History". http://www.fundinguniverse.com/company-histories/AlliedSignal-Inc-Company-History.html. Retrieved 22 August 2009. ^ "Pinpoint Production, Electronic Supply and Manufacturing Magazine, December, 2004". http://www.my-esm.com/printableArticle.jhtml?articleID=54201264. Retrieved 1 April 2006. ^ "Fiscal year 2006 report: 02.14.07" (PDF). http://www.garmin.com/aboutGarmin/invRelations/releases/Q4FY2006EarningsPressRelease.pdf. ^ "Gary Burrell's entry in the Forbes Number of the Richest Americans, 2005". http://www.forbes.com/lists/2005/54/TUVC.html. Retrieved 11 December 2005. ^ "Min Kao's entry at the Forbes List of the Richest Americans, 2005". http://www.forbes.com/lists/2005/54/CMUR.html. Retrieved 11 December 2005. ^ SEC Info - Garmin Ltd - 10-K - For 12/28/02 ^ "Garmin S1 Filing while using Securities and Exchange Commission, 11 September 2000". http://sec.gov./Archives/edgar/data/1121788/000101381600000038/0001013816-00-000038-0001.txt. Retrieved 11 December 2005. ^ "GARMIN AT: Quantum Leaps in Avionics Integration". http://www.sedcor.com/images/enterprise/EntMay04GarminAT.html. Retrieved 7 December 2007. ^ "Acquisition of DII: 12.01.06". http://www.garmin.com/pressroom/corporate/120106.html. ^ "Acquisition of EME: 01.03.07". http://www.garmin.com/pressroom/corporate/010307.html. ^ "Acquisition of DCI: 01.05.07". http://www.garmin.com/pressroom/corporate/010507.html. ^ "Garmin buys Oregon company Nautamatic". http://kansascity.bizjournals.com/kansascity/stories/2007/03/26/daily23.html?from_msn_money=1. ^ "Garmin Announces GPS Product Support for Mac OS X". http://www.garmin.com/pressroom/corporate/011006.html. Retrieved 25 June 2006. ^ "A New Look". http://garmin.blogs.com/my_weblog/2006/10/a_new_look.html. Retrieved 4 November 2006. ^ "The Garmin Store: 11.11.06". http://garmin.blogs.com/my_weblog/2006/10/the_garmin_stor.html. Retrieved 4 November 2006. ^ Garmin eTrex GPS Receiver, Specifications Article ^ "Garmin: Basic Handhelds: Etrex". https://buy.garmin.com/shop/shop.do?pID=6403. Retrieved 2007-06-20. ^ Article ^ Article ^ Article ^ "Garmin Mobile PC launched, April 2008". http://www.laptopgpsworld.com/garmin-mobile-pc/432-review-garmin-mobile-pc.html. ^ "Garmin-Asus nuvifone Phones unveiled for MWC 2009", I4U News, 4 February 2009 ^ "Garmin-Asus nuvifone G60 hitting AT&T on October 4, $299.99 for a 2-yr contract", Portable Media Player Daily News, 29 September 2009 ^ G1000 ^ G900X ^ G600 ^ a b The pet Garmin Superstore ^ GPS 155/165 TSO ^ Enterprise Articles ^ "Epic AIR Goes Garmin & Unveils New Jet and Turboprop: 04.17.07". http://www.charterx.com/resources/article.aspx?id=2705. ^ "Garmin to sponsor Middlesbrough". http://www.gpsbusinessnews.com/index.php?action=article&numero=278. ^ "Another American Team Receives a Title Sponsor - NYTimes.com". http://www.nytimes.com/2008/06/19/sports/othersports/19cycling.html?_r=1&ref=othersports&oref=slogin. 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