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Garmin introduces the APK 10 Autopilot Keypad for simplified control

1. Garmin released the APK 10 Autopilot Keypad for Reactor 40 autopilot. 2. Keypad offers precise control and customizable features for mariners. 3. The product enhances user experience in choppy sea conditions. 4. Garmin continues to innovate in marine electronics, reinforcing its market leadership. 5. This product is priced at $399.99, boosting potential sales for GRMN.

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Why Bullish?

The introduction of innovative products typically drives sales growth and stock value, similar to past product launches. Increased demand for marine electronics can positively impact GRMN's market position.

How important is it?

Innovative product development is critical for sustaining growth and investor interest, as evidenced by their past successful product introductions.

Why Short Term?

New product releases often have immediate effects on sales and stock. Short-term sales boosts are likely to influence GRMN positively shortly after launch.

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NMEAGRMN
Intuitive marine control panel adds an LED-backlit knob and button activation for more precise control in all sea conditions, /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the new APK™ 10 Autopilot Keypad designed to give mariners more precise control of their Reactor™ 40 autopilot. The keypad features an LED-encircled rotary knob that allows for specific heading control, along with two autopilot buttons – engage and standby – and two multipurpose buttons that can be customized to the vessel. Intuitive marine control panel adds an LED-backlit knob and button activation for more precise control in all sea conditions. "We're thrilled to offer an accessory that will appeal to both current and future customers, providing them with more precise control of their boat's autopilot system – especially in choppy conditions. The APK 10 has a compact design, is easy to use and can be added with a new install of a Reactor 40 autopilot or installed to work with one already on a boat." –Dan Bartel, Vice President of Global Consumer Sales Putting you in control The APK 10 Keypad utilizes an easy-to-use tactile design to give captains even greater control of their Reactor 40 autopilot. Rotary knob: Gain precise heading control and see a colored reference of autopilot status with a reliable, LED-backlit knob. Autopilot buttons: Dedicated engage and standby buttons make it simple to start and stop the autopilot. Multipurpose buttons: Complement autopilot control functions with two buttons that can customized to different settings that best fit any boat. Compact design: Mount either horizontally or vertically with a low-profile design in new or existing helms. Seamless installation: Connect to a boat's NMEA® 2000 network with a single port and cable for integration and power. Available now, the APK 10 Autopilot Keypad has a suggested retail price of $399.99. It is compatible with all Garmin Reactor 40 Autopilots, including the award-winning Reactor 40 Hydraulic Autopilot with SmartPump v2. To learn more, visit garmin.com/marine.Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the tenth consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Visit the Garmin Newsroom, email our media team, connect with @garminmarine/@garminfishhunt on social, or follow our blog.  About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin, NMEA and Navionics are registered trademarks of Garmin Ltd., and APK and Reactor are trademarks of Garmin Ltd. or its subsidiaries.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements: This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2023, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS: Mike Cummings & Adrieanna Norse 913-397-8200[email protected]SOURCE Garmin International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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