History Founding Help improve this article along with the citations to reliable sources. Unsourced material may be challenged and removed. (October 2009) Gary Burrell, born in 1944, earned a certain amount in Electrical Engineering from Wichita State University and a graduate degree out of the Rensselaer Polytechnic Institute. He started for King Radio, a manufacturer of aviation radios in 1963 just six years afterward company was started by Edward King Jr. within the farmhouse in Olathe. A licensed pilot, Burrell led development on a number King most successful navigation and communications products. The King Radio company continued to supply Boeing with aircraft radio equipment starting in 1969. By 1989, Burrell had spent nearly his entire professional career with the exception of little stint at Lowrance Electronics doing work for King Radio. Within these years the corporation underwent many corporate changes. In 1983 King was acquired by Allied Corporation and with the former Bendix Corporation to make Bendix-King. Allied later followed to merge aided by the Signal Companies in 1985 to make AlliedSignal which acquired Honeywell in 1999 and next assumed the Honeywell name. Corporate headquarters in Olathe, KS Min H. Kao (Name in Chinese: ), was created in 1949 with the small capital of scotland- Jhushan in Nantou in Taiwan (). After serving around the Taiwanese Navy Kao attended National Taiwan University and transferred to the u . s to visit the University of Tennessee where he obtained advanced degrees in Electrical Engineering. As being a graduate student he performed research towards the National Aeronautics and Space Administration as well as the Us Army. He later followed to get results for American defense contractors Teledyne and Magnavox. Burrell hired Kao to partake of his division at Allied King subsidiary in 1983. Kao was working at Magnavox developing military systems with all the Global Positioning System constellation of satellites, during that time termed NAVSTAR. Throughout his years making use of Burrell, Kao led the team that developed the very first Tracking system that's to remain certified for usage in airplanes by your U.S. Federal Aviation Administration. When i bought it the satellite constellation had been assembled. The 1986 explosion for the Space Shuttle Challenger had set the unit construction back by 24 months. The satellites must be redesigned to suit aboard a Delta II rocket. The system was declared operational in April 1989, and continued to prove a decisive strategic advantage to U.S. and Allied forces within the 1991 Gulf War. Kao has been planning on starting a company, together with recently visited old style friends in Taiwan, one in every of whom was an asset banker, who assured Kao that whenever he planned to launch an agency, launch money could be available. Within weeks on their meeting, Burrell and Kao were for a plane to Taipei, Taiwan and within months of the particular visit had amassed $4 million, including the combined valuables in their personal savings accounts. The main town was sufficient to get a dozen engineers also to rent office and work area in Lenexa, Kansas. They named the modern company ProNav, but changed it to Garmin in 1991 if your competitor, making use of name NavPro a single of GPS receivers, sued alleging trademark infringement. armin is really a schooling would include biology the founders names, Gary and Min. Company growth By far the only Garmin retail location is located in the Magnificent Mile. By 1995 Garmin sales had reached $105 million, and had achieved a profit 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 % with the Us share of the market of GPS receivers utilized in marine and outdoor recreation markets, as per a niche study conducted by Frost and Sullivan. Distinctive internal estimates showed that its aviation retrofit products had 59% business, and also its portable aviation GPS products had 76% in the market.[citation needed] Burrell retired in 2003 as Garmin Chief Executive Officer along with 2004 retired as Chairman of their Board of Directors. They're now Chairman Emeritus. Kao became CEO in 2003, and Chairman in 2004. In 2005 Forbes Magazine estimated Kao net worth at $1.5 billion. He's donated $17.5 million in to the University of Tennessee. An identical year Forbes estimated Burrell net worth as $940 million. Public offering By 2000 Garmin had sold three million GPS devices, and was producing 50 different models. Its products were sold in 100 countries and carried by 2,500 independent distributors. Since 22 August 2000, this company held 35 patents on GPS technology. Right at the end of June 2000, the business enterprise employed 1,205 people: 541 in the usa, 635 in Taiwan, and 29 in england. The agency began public trading on NASDAQ on 8 December 2000. In those days Burrell owned 19,911,155 shares. Kao owned 20,352,803 shares. Together their holdings included 45 percent with the stock in Garmin. Kao brother, Ruey-Jeng Kao, a legal professional in Taipei, owned another 7,984,109 shares, that when combined with Burrell and Kao shares constituted 54.22 percent with the shares outstanding. Worldwide companies Garmin are operating in other sorts of countries contour UK, USA and Taiwan. It operates as Formar (Belgium), Garmin AMB (Canada), Belanor (Norway), and Trepat (Spain). Acquisitions In August 2003 Garmin completed buying UPS Aviation Technologies, Inc., a subsidiary of Federal express, Inc., expanding its products 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 as a wholly owned subsidiary of Garmin International, Inc. Garmin has acquired Dynastream Innovations, EME Tec Sat SAS (EME), and Digital Cyclone. Dynastream, in Cochrane, Alberta, Canada, is mostly a leader in neuro-scientific personal monitoring technology (ANT+) which includes foot pods and h / r monitors for sports and fitness products which is a major provider of ultra-low-power and low-cost wireless connectivity solutions to get a lots of applications (ANT). EME Tec Sat SAS (EME) is the distributor of Garmin's consumer products in France; following the acquisition, EME will alter its name to Garmin France SAS. Digital Cyclone Inc (DCI), located within Minnetonka, Minnesota, provides weather solutions for consumers, outdoor enthusiasts, and pilots. Garmin also bought Nautamatic Marine Systems, an Oregon-based company who makes autopilot systems for boats. Recent corporate activity Garmin announced in 2006 which it would release nearly every one of its software for Mac OS X towards the end of the season. In 2006 Garmin introduced a fresh corporate logo. The corporate also announced in 2006 the opening of their first retail store on Michigan Avenue in Chicago, Illinois. Products and brands See also: Menu of Garmin products Marine GPS The business enterprise first product was the GPS 100, a panel-mounted GPS receiver targeted at the marine market, costing $2,500. It debuted around the 1990 International Marine Technology Exposition in Chicago. The merchandise was a moment hit and generated a backlog of orders for five,000 units. Understand what greater evidence in to the demand thus created, Kao traveled (January 1991) to Taipei to set up manufacturing facilities. Handheld GPS Another early product, a handheld GPS receiver, proved common with military personnel serving in Kuwait and Saudi Arabia throughout the 1991 Gulf War. Noisy . 2000s, Garmin launched a few personal GPS devices created for recreational runners named the Forerunner. The identical wrist-worn GPS device with two dimensional GPS tracking and waypoint projection known as the Garmin Foretrex is preferred among day hikers, off-road mountain bikers, and sailboat racers. The compact eTrex "Yellow" model, showing a northwest travel direction for a destination 538 m for the west. The single most discussed among the Garmin handheld GPS receivers, the compact eTrex series, has been around since 1998. During the eTrex line are many models packaging a number of features and options. The main eTrex, commonly nicknamed "eTrex Yellow", has been a sensation when it first appeared, because it offered a lightweight (5.3 oz/150 g), waterproof, palm-sized 12-channel GPS receiver to backpackers, hikers, and many others afoot in remote areas, and also a battery life up to 22 hours on just two AA-size batteries. The eTrex 'Yellow' became Garmin's entry-level GPS receiver. Other more advanced eTrex models add Summit, Venture, Legend, and Vista, each with some other latest features which include WAAS, altimeter, digital compass, city database, and highway maps. Many models can be found in color and expandable-memory versions. The Geko series is often a later compact selection of handheld GPS receivers geared toward the cost or lightweight hiking market. In 2004 Garmin introduced its 60C distinctive line of handheld GPS mapping receivers, featuring increased sensitivity and storage capacity with a life cycle of battery all the way to 30 hours in battery-save mode. He did this associated with the 60Cx and 60CSx with improved color map displays. The 60 Cx and 60CSx have already been used as primary navigational tools on several adventure and exploration trips to remote areas globally, including a rafting expedition down the entirety of your Amazon River in 2008. iQue PDA receivers Main article: Garmin iQue In 2003 Garmin launched the iQue kind of integrated PDA-GPS receivers. On 31 October 2005 the iQue M4 was crowned first PDA that wouldn't demand PC to preload the maps. The American version had built-in maps of The country, while UK version was supplied pre-loaded with maps of The european union. Street navigators Garmin nvi 255W, by having a 4.3 inch diagonal display In October 2005, Garmin released the StreetPilot i-Series, compact GPS navigators that can in three models, i2, i3, i5. The i2 possesses a monochrome display, and maps really should be loaded even on a Transflash card. The i3 is just like the i2, except it color screen. The i5 contains a color screen plus the maps come preprogrammed into the device. More expensive versions in the StreetPilot range from the c-Series, many of which sport large colour touchscreens, FM traffic notifications, support for weather and information updates from MSN Direct, and Bluetooth support. In October 2006, Garmin began shipping the nvi 660, a pocketsize widescreen successor on their nvi 300 series. The 660 added bluetooth, FM transmitter, enhanced screen brightness and screen size, all in a tiny "flat" size. Additionally, Garmin's Zumo lines are designed tailored for motorcycles. The Zumo 550 and StreetPilot 2610 with slightly different feature sets are generally marketed as an OEM offering by BMW thus to their motorcycles given that the BMW Zumo and BMW Navigator III. Fishfinders Garmin also manufactures a type of sonar fishfinders, including some units that also have GPS capability. Laptop GPS In April 2008 Garmin launched Garmin Mobile PC, a Gsp sat nav software programs for laptop PCs as well as other computers, in line with the Windows main system. Nvifone Main article: Garmin Nvifone Noisy . 2009 Garmin announced it is manufacturing a location-specific cellular telephone in cooperation with Asus. Known as the Garmin-Asus nvifone G60, our great country release was scheduled for 4 2009. Fitness trainers Main article: Garmin Forerunner The Garmin Edge and certain models of Garmin Forerunner may be a suite of GPS-enabled devices to be utilized while running or cycling. Avionics Main article: Garmin G1000 Garmin avionics Garmin has a dedicated division for aviation products, like integrated cockpits, panel mount displays, multi-function displays (MFD), transponders, radar and other associated avionics. To illustrate, the G1000 is an all-glass avionics suite (cockpits) for OEM aircraft. The G900X resembles the G1000 but created for utilize in experimental aircraft, and also the G600 is usually a retrofit solution for a number of certificated aircraft. Garmin entered the aviation market in 1991 with the GPS-100AVD panel-mounted receiver. Their first portable unit, the GPS-95, was introduced in 1993. In 1994, the GPS-155 panel-mounted unit was the first GPS receiver that you can purchase to get full FAA certification for instrument approaches. In 1998 Garmin introduced the GNS-430, an integrated Device receiver/communications transceiver. Garmin expanded its presence in your aviation market in 2003 through buying UPS Aviation Technologies, thereby acquiring the latter's II Morrow Apollo distinct aircraft GPS/NAV/COMM units, complementing its existing aviation products. II Morrow was founded in Salem, Oregon in 1982 like a manufacturer of LORAN C marine and general aviation products. In 1986, Federal express (UPS) purchased the corporate to be expanded the utilization of electronic technology inside package delivery and tracking business and renamed it UPS Aviation Technologies in 1999. It soon phased out of one's marine business and devoted to continuing development 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 going without shoes would use Garmin glass panel cockpits and related avionics in all of of the company's certified and experimental very light jets and turboprop aircraft. The Garmin G900X will be utilized in youre able to send owner-built airplanes, although Garmin G1000 will be used in certified Epic aircraft. Maps Most up-to-date Garmin devices can instruct the actual location with a map. The maps are vector-based and trapped 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 designed with a wide array of maps now available, including detailed road maps, topographic maps and nautical maps. Non-commercial maps are offered also and will show up coming from all Garmin GPS devices. Outside map directory "Maps 'n Trails" lists all freely available maps developed by a lot of people, often depending on data through the OpenStreetMap Project and hosted on Mapcenter or individual websites. Products you can the maps varies widely. It is additionally possible to have a map from various vector or raster resources. Software tools for custom maps creation are obtainable via the web. Advertising Usually, Garmin has built television commercials in the Christmas season, done to the tune of Carol for the Bells. Sport sponsorships In 2007 Garmin began sponsorship of English Premier League football club Middlesbrough in any one-year deal which were carried in a second year for the 2008/09 season. In 2008 Garmin began sponsorship of cycling team Garmin-Slipstream to advertise its Edge collection of bicycle computers. See also Wikimedia Commons has media in connection with: 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 about 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 on your Forbes Range 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 along with the 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 on your 2-yr contract", Portable Media Player Daily News, 29 September 2009 ^ G1000 ^ G900X ^ G600 ^ a b Here you are at 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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