Thinkware Systems Corporation is a Korea-based company mainly engaged in the provision of navigation systems. The Company operates its business through two divisions: navigation division and location-based service (LBS) division. Its navigation division, which produces in-dash and on-dash portable navigation devices (PNDs) navigation devices, and navigation software under the brand name of I-Navi. Its LBS division provides LBS mobile services, such as traffic information, friend finder, digital maps and others. The Company provides its black box products under the brand names of I-Navi Black and Black Chair. The Company distributes its navigation products within domestic market and to overseas markets. On January 2, 2013, the Company acquired 100% stake of a Korea-based comapny, which mainly engaged in development of location-based production and service.