Trade Garmin

Garmin Co., Ltd. (shortened to Garmin, stylized GARMIN, formerly known as ProNav) is an American multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, based in Olathe, Kansas. Since 2010, the company has been established in Schaffhausen, Switzerland. Due to its development in wearable technology, they have also been competing with activity trackers and smartwatch consumer developers such as Fitbit and Apple. in 1983, Gary Burrell recruited Min H. Kao from the magnavox defense contractor while working for the former King's Radio. They founded Garmin in 1989 in Lennoxa, Kansas, as "Brunaf." The first product of ProNav was a GPS unit sold for $2,500. The company was later renamed "Garmin," a portmanteau of two of its founders, Gary Burrell and Min H. Kao. In 1991, the U.S. Army became its first agent. By 1995, Garmin's sales had reached $105 million and made a profit of $23 million. By 1999, sales had reached $233 million and a profit of $64 million. Garmin reported revenues in 2006 of $1.77 billion, up 73% from $1.03 billion in 2005.By Garmin 2000 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. On 22 August 2000, the company was retaining 35 patents on GPS technology. By the end of June 2000, the company had 1,205 people: 541 in the United States, 635 in Taiwan and 29 in the United Kingdom. In April 2018, Garmin Connect launched IQ 3.0 with new apps - MySwim Pro, Yelp, Trailforks and iHeartRadio. In May 2018, Garmin participated with the University of Kansas Medical Center to treat sleep apnea and atrial fibrillation.