Garmin 2008 Annual Report Download - page 28

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6
Garmin also introduced the OregonTM series of rugged, color touchscreen handheld GPS devices and the
ColoradoTM series of handheld GPS devices with color displays. Both the Oregon and Colorado series are available
with a variety of mapping options suitable for outdoor and marine applications.
Marine Product Introductions
In September 2008 Garmin introduced a new line of VHF marine communication radios, the VHF 100 and
VHF 200. In October 2008 Garmin announced the GPSMAP 600 series of portable and rugged touchscreen marine
chartplotters that also function as automotive navigators with voice-prompted turn-by-turn directions.
Aviation Product Introductions and Certifications
In April 2008 Garmin received Federal Aviation Administration (FAA) Supplemental Type Certification
(STC) for Garmin Synthetic Vision Technology (SVT™), which is designed to integrate with Garmin’s G1000
avionics suite. Garmin’s SVT presents a 3-D depiction of terrain, obstacles and traffic on the G1000’s primary
flight-display so that the avionics panel replicates what pilots would see outside the cockpit on a clear day.
In April 2008 Garmin also announced the G950 avionics suite, an all-glass avionics suite designed for
aircraft manufacturers who want a standardized avionics configuration and will complete certification of their
airframe’s avionics panel on their own.
In July 2008 Garmin received FAA Approved Model List Supplemental Type Certification with an
Approved Model List (AML STC) for the G600, a new avionics suite designed for the retrofit and forward fit
avionics market.
Also in 2008, Garmin introduced several new portable aviation navigators, including the GPSMAP 696, a
tablet-styled GPS navigator with a 7-inch screen, detailed electronic charts, real-time weather and high resolution
terrain display.
Acquisitions
During 2008 Garmin acquired its independent distributors in Austria, Belgium, Denmark, Finland, Portugal
and Sweden to strengthen its presence and capabilities in the European market.
Gain on Sale/Tender of Tele Atlas N.V. Shares
Garmin realized a gain of $72.4 million during 2008 following the sales and tender to TomTom N.V. of the
shares of Tele Atlas N.V. that were acquired by Garmin in 2007 in connection with its announced intent to make a
cash offer for all outstanding shares of Tele Atlas N.V., which was subsequently abandoned. This gain includes
$21.5 million of foreign currency gain due to the strengthening of the Euro.