Appeals Overturns Patent Infringement Case Against Garmin

Egersund, Norway – Navico – the world's largest manufacturer of marine electronics and parent company to the Lowrance®, Simrad® and B&G® brands – announced today that a U.S. Court of Appeals has reversed a previous ruling in favor of Navico in one of its patent lawsuits against Garmin Ltd. (NASDAQ:GRMN).

"Obviously, we are disappointed in the appellate court's decision following four rulings in Navico's favor on this matter," said Leif Ottosson, CEO, Navico. "As a result, we are analyzing this particular determination, and we are currently reviewing our options for moving forward."

In the ruling, the U.S. Court of Appeals determined that certain Navico patent claims are invalid. The court did not address infringement by Garmin. Prior to the appellate court's reversal, the International Trade Commission recently ruled that Garmin's products featuring "tilted" DownVü™ scanning sonar technology infringed Navico's patents, and that Garmin violated the cease-and-desist orders issued in 2015, recommending a fine of $37 million. U.S. Customs and Border Protection also ruled last week that Garmin's "tilted" DownVü products infringed and were not admissible into the United States.

For more information on the Navico brands, please visit www.lowrance.com, www.simrad-yachting.com, pro.simrad-yachting.com and www.bandg.com. To find out more about the Navico Group of companies, visit www.navico.com.

About Navico: A privately held, international corporation, Navico is currently the world's largest marine electronics company, and is the parent company to leading marine electronics brands: Lowrance, Simrad and B&G. Navico has approximately 1,500 employees globally and distribution in more than 100 countries worldwide. www.navico.com.