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| Subject |
COWON Signs 27 Billion Won Export Contract for Scandinavia |
Date |
2006.03.13 |
COWON SYSTEMS (CEO: Park Nam-Gyu, www.cowon.com) announced that it signed an export contract for its MP3 and PMP worth 23 million Euro for two years with ABTECH, the largest distributor in Scandinavia, including Sweden, Norway and Finland, during Cebit 2006 in Hanover, Germany.
Following the contract for the Russian market worth US $62 million last February, this export contract has secured stable export volumes for Cowon for two to three years in Europe.
The fact that they concluded a large contract during Cebit 2006 where many companies participated from around the world is excellent news for COWON as it shows that participating in the exhibition was fruitful.
COWON products have enjoyed continuously favorable receptions in Europe as evidenced by its winning best product prizes in major IT magazines. With this contract, COWON has further established its reliable brand image and more firmly built its foundation for steady sales expansion across Europe.
Park Nam-Gyu, CEO of Cowon said, “This export contract again confirmed the excellence of Cowon products. We will develop European markets more actively in the future with various high-end products.”
ABTEC is a leading distributor of IT products in Scandinavian countries including Sweden, Norway and Finland, and has a large distribution network in Northern Europe |
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