Navico to License Patented Sonar Technologies to Raymarine

Egersund, Norway - Navico Holding AS, parent company to the Lowrance, Simrad and B&G brands, announces that it has resolved the dispute with Raymarine Inc. through a license to Navico's patented DownScan sonar technologies. Raymarine and Navico have mutually agreed to dismiss all patent litigations and disputes between them. The terms of the patent license and resolution are confidential.

For more information on Navico, please visit www.navico.com, to find out about the Lowrance, Simrad and B&G product ranges, please go to www.lowrance.com, www.simrad-yachting.com, www.bandg.com.