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Garmin joins the S&P 500

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Garmin Ltd. (ticker symbol GRMN), the global leader in satellite navigation, joined the S&P 500 index today.

“The S&P 500 index is widely recognized as a bellwether of the American equities market and we are honored to be listed among some of the most recognizable and enduring brands in the world,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. “This is tremendous recognition for our company and our commitment to long-term, sustainable growth. We’d like to thank our associates for helping us achieve this significant milestone."

In the cycling world, Garmin is title sponsor of Garmin-Sharp-Barracuda pro cycling team, managed by Jonathan Vaughters. To see training data from the team online, click here. Cyclists can choose Garmin Edge series, units at different price points have a variety of functions.

For triathletes, the most popular products include the Forerunner 910XT and the new Garmin Swim – which lets users track stroke type, stroke count, distance, pace, lengths and more.

International travelers also prefer Garmin for one major reason: it's open source. Garmin accepts third party maps. Travelers can make their own maps, trade with other travelers, download OpenStreetMaps or any of the other free open source map from non-profits around the globe. What could be spent on maps far exceeds the cost of a GPS unit. Garmin allows travelers to take advantage of many free maps.

The S&P 500 is an index of 500 large-cap companies from leading industries that is widely used as a benchmark for investors and a gauge of the overall performance of the U.S. stock market. The company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Electronics Sub-Industry index.

Since its inception in 1989, Garmin has delivered more than 100 million products, most of them enabled with GPS – far more than any other navigation provider. Garmin provides a wide range of products and applications in the navigation industry. It has a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, and outdoor recreation.

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