Lowrance Electronics, Inc. (NASDAQ:LEIX) announced today that its initial entry into the Automotive GPS market, the award winning iWay 500C, recently received "Editor's Choice" awards from PC Magazine in May 2005 and Laptop Magazine in June 2005. The Company's new portable AirMap 2000C aviation GPS product also recently won the "Best Product Of The Year" award at the Oshkosh Air Show in July 2005. Recognition for Lowrance's new marine SONAR and combination SONAR/GPS products include the New Product "Best in Category" award for the LCX-111C, a hard disk SONAR/GPS model with a built-in 20 gigabyte hard drive, at the July 2005 American Sport Fishing Association's ICAST (International Convention of Allied Sportfishing Trades) tradeshow. "Our automotive GPS products have achieved significant sales growth and market share gains since their introduction last fall. These units were designed with significantly more high value features than competitive products, leading to their recognition by these major electronics publications and organizations, including the iWay 500C's November 2004 award as the Best New Mobile Electronics Entertainment Product for 2005 at SEMA, the premier automotive specialty products trade event in the world," said Darrell Lowrance, President. Lowrance's aviation GPS products also continue to make inroads, and the new Airmap(R) 2000C, with a bright, sunlight viewable color display, recently won the "Best New Product of the Year" at the world-famous Oshkosh Air Show in Oshkosh, Wisconsin. "We are excited to win these top awards in what we believe to be the most important shows for each of our product markets. In the past twelve months, we have introduced over 50 new, leading-edge SONAR, GPS/SONAR combination and GPS products. The success of these new products is clearly reflected in the Company's recent record results for the fiscal year ended July 31, 2005 and our August 2005 sales growth of 37% compared to the same month last year," said Lowrance. About Lowrance Electronics Lowrance Electronics, Inc. (www.lowrance.com), designs, manufactures and markets SONAR and GPS products, digital mapping systems and accessories under the brand names "Lowrance,"(R) and "Eagle"(R) Electronics, "Lowrance Automotive(TM)" and "Lowrance Avionics"(R). These products are used in the following primary product markets: marine, general consumer (which includes handheld GPS outdoor recreational use and voice turn-by-turn navigational systems for aftermarket automotive use) and aviation. This press release may include certain statements concerning expectations for the future that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control, including factors discussed in the Company's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. While the Company makes these statements and projections in good faith, neither the Company nor its management can guarantee that anticipated future results will be achieved. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Lowrance Electronics (NASDAQ:LEIX)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Lowrance Electronics Charts.
Lowrance Electronics (NASDAQ:LEIX)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Lowrance Electronics Charts.