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Blog Exposure – Garmin and Navico Resolve Three-Year Long Dispute; Set to Cross License Patents and Other Intellectual Properties

Stock Monitor: Badger Meter Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 09, 2018 / has just released a free research report on Garmin Ltd (NASDAQ: GRMN). If you want access to this report all you need to do is sign up now by clicking the following link as the Company's latest news hit the wire. On February 07, 2018, the Company's unit, Garmin International Inc., and Navico, the parent Company to the Lowrance, Simrad and B&G brands, announced that their three-year-long dispute, concerning sonar and auto guidance patents, had ended. Under the terms of the agreement, cross licensing of patents and other intellectual properties would enable both Companies to bring new innovations faster to the market and benefit the Company's end-customers. Navico is a privately-held international corporation, and a leading marine electronics Company, operating through over 1,500 employees globally, and distributing in more than 100 countries across the world. Register today and get access to over 1000 Free Research Reports by joining our site below: is currently working on the research report for Badger Meter, Inc. (NYSE: BMI), which also belongs to the Technology sector as the Company Garmin. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Garmin most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

The Announcement

Garmin views this announcement as a step to focus all of its energy into bringing new innovations to the market. Navico also welcomed the resolution, which included guidelines for the future cross licensing of technologies for the benefit of both Companies' customers.

Prior to the announcement, on June 13, 2017, Garmin announced that the Court of Appeals for the Federal Circuit reversed a December 2015 finding by the International Trade Commission (ITC) that Garmin had infringed Navico patents related to downscan sonar. The Federal Circuit ruled that two of the Navico's patents were invalid while Garmin DownVu sonar did not infringe a third Navico patent.

The Federal Circuit's decision not only reversed the ITC's original order, but also superseded all related rulings by the US Customs and the ITC, including an initial determination that Garmin should be subject to a $37 million fine for selling DownVu products, where, post the announcement, Garmin was free to import and sell any and all sonar products.

Later, on September 08, 2017, Garmin announced that a jury verdict was reached in a patent lawsuit brought by Navico against Garmin in the Eastern District of Texas. The jury found that Garmin had willfully infringed Navico ‘downscan' patents and awarded the Company damages in the amount of $38 million. The court awarded judgement in favor of Garmin on a false advertising claim which was filed by Navico.

Garmin disagreed with the verdict on the patents and stated that it would appeal, and expected to succeed in the appeal, as the Federal Patent appeal court already concluded that Navico's other downscan patents were not valid in view of Humminbird's earlier work.

Company Growth Prospects

Recently, on January 23, 2018, Garmin announced a comfortable golf band that came with pre-loaded data for over 41,000 courses across the world. Golfers, of all levels, according to the Company, could easily see precise distances to the front, back, and middle of the green, as well as hazards on the touch-screen display. The Approach X10 was the latest solution from Garmin's expanding outdoor segment, focusing on the development of technologies and innovations to enhance users' outdoor experiences.

Stock Performance Snapshot

February 08, 2018 - At Thursday's closing bell, Garmin's stock fell 3.09%, ending the trading session at $61.13.

Volume traded for the day: 1.29 million shares, which was above the 3-month average volume of 1.15 million shares.

Stock performance in the last month – up 2.14%; previous three-month period – up 3.24%; past twelve-month period – up 25.14%; and year-to-date - up 2.62%

After yesterday's close, Garmin's market cap was at $11.51 billion.

Price to Earnings (P/E) ratio was at 16.66.

The stock has a dividend yield of 3.34%.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry.


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