Connect with us

Technology

Annual inReach SOS report emphasizes the value of Garmin satellite communication devices

Published

2 years ago

on

Garmin report offers key insights and information into SOS trends from around the world

OLATHE, Kan., Feb. 27, 2025 /PRNewswire/ — Garmin (NYSE: GRMN) today released its 2024 inReach® SOS Report, highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year. The report provides insights into the activities and locations of adventurers who find themselves in need of emergency help. Since 2011, inReach satellite technology1 has helped hikers, explorers, hunters and other outdoor enthusiasts stay in touch globally with two-way text messaging, location tracking and critical SOS emergency response services. That technology was expanded in 2024 with the release of inReach Messenger Plus, allowing users to exchange photo and voice messages while off the grid, which can provide essential information to emergency responders when seconds count.

Here are some key takeaways from the 2024 report:

Users across six continents and three oceans triggered an inReach SOS message for a wide variety of incidents.Response missions varied from local emergency services on remote highways to highly technical helicopter rescues.People sent an SOS message the most during hiking and backpacking activities, followed by driving and motorcycling. There was also an increase in dirt biking and rafting incidents.Injuries were again the top cause for SOS messages with the biggest increase in medical issues like altitude sickness, heart problems and gastrointestinal issues.Weather events such as wildfires, flash floods and hurricanes resulted in more SOS message triggers, as did encounters with wildlife like bears and rattlesnakes.Many SOS messages were for the user; however, nearly one-half were for another member in the user’s party or a third-party individual.With the help of professionally trained Garmin Response staff, inReach users were able to self-rescue nearly 12% of the time.

Click here to read the entire 2024 report. 

How inReach SOS works with Garmin Response

Thanks to a dedicated SOS button and 100% global Iridium® satellite network coverage, Garmin inReach users can quickly send an SOS message should an emergency occur. Once an SOS message is triggered, even if the user takes no other action, the device sends a distress message to Garmin Response, a 24/7 staffed professional emergency response coordination center. Garmin Response will communicate with the user, their listed emergency contacts, search and rescue organizations and other available local resources. They provide updates to users and emergency contacts on the response effort, including confirmation when help is on the way, and remain available as the incident is being resolved.

What our customers are saying about inReach

“I cannot say thanks enough to every single person involved in this entire process. Without the enormous efforts put in by absolutely everyone, I would not be having breakfast again with my friend tomorrow morning.”
–James Birch, inReach owner whose friend triggered an SOS message after getting caught in an avalanche

“Sometimes (more often than not) being prepared can end up helping others even more than yourself, and I think there is no better feeling than being able to help when it’s needed.”
–Adrian Abrahams, inReach user who helped stranded couple on overlanding trip

“Without the inReach, we wouldn’t have had any information about what was approaching us that day, and we would have spent much of the valuable time we had hiking out slowly. Not only did we have the threat of fire, we also had trees down on the road, no service and we needed assistance.”
–Brittany Farrish, customer who used inReach to escape wildfire

Find your Garmin inReach

The inReach Messenger Plus two-way satellite communicator, complete with photo and video messaging and a battery that can last weeks, is handy for anyone who might find themselves without cell service.When the size and weight of the gear matters most, the easy-to-carry inReach Mini 2 is a great option with its lightweight and compact design.Dedicated explorers, mountaineers, and hunters may prefer the rugged GPSMAP® 67i GPS handheld and satellite communicator, which offers TopoActive routable mapping and superior battery life.Road warriors can use the Montana® 710i and 760i GPS navigators, which include a durable touchscreen display and a variety of mounting options for ATVs, motorcycles, bikes and more.For overlanding enthusiasts, the Tread® XL Series is built for every part of the journey and has the on road and off road mapping they need to stay on track.On the water, Garmin offers the inReach Mini 2 Marine Bundle, which includes a powered mount for the boat’s helm for easy access when needed. Mariners also utilize the GPSMAP 86sci, which comes with preloaded BlueChart® g3 coastal charts in a water-resistant, floating design.Aviators can send and receive messages right from the cockpit with the Garmin™ Messenger App for smartphones.

Learn more about all of Garmin’s inReach-capable devices here.

An active satellite subscription is required for live tracking, messaging, weather forecasts and interactive SOS capabilities. A variety of affordable plans are available. Individuals with a supported device and an active subscription can purchase search and rescue (SAR) insurance plans through Garmin which offer financial reimbursement for qualified search and rescue related expenses2.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.  

1Active satellite subscription required. Some jurisdictions regulate or prohibit the use of satellite communication devices. It is your responsibility to know and follow all applicable laws in the jurisdiction where the device is intended to be used.
2 SAR insurance is an optional benefit in addition to the emergency coordination response from Garmin Response. SAR insurance is not required for Garmin Response to coordinate a rescue response.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, inReach, GPSMAP, Montana, Tread and BlueChart are registered trademarks, Garmin Pilot is a trademark and Garmin Response is a service mark 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 28, 2024, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. 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:
Brianna Silverman
913-397-8200
media.relations@garmin.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/annual-inreach-sos-report-emphasizes-the-value-of-garmin-satellite-communication-devices-302387225.html

SOURCE Garmin International, Inc.

Related Topics:
Continue Reading

Technology

Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

26 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

Continue Reading

Technology

Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

26 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

Continue Reading

Technology

Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

26 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

Continue Reading

Trending