COWON SYSTEMS, Inc. is a Korea-based company mainly engaged in the manufacture of multimedia devices. The Company and its subsidiaries produce multimedia devices, including moving picture experts group audio layer 3 (MP3) players, portable media players (PMPs) and other digital devices; solar equipment, such as ingot growers, and wireless Internet contents, including music on demand (MOD) services, such as ring tones, color ring back tones and others, and video on demand (VOD) services, such as music videos, concerts, animations, mobile movies and others. As of December 31, 2011, the Company had three affiliated companies.
(Source: ARS)