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SRS Labs, Inc. was a Santa Ana, California-based audio technology engineering company that specialized in audio enhancement solutions for wide variety of consumer electronic devices. Originally a part of Hughes Aircraft Companythe audio division developed the Sound Retrieval System technology, and in 1993 was separated off to form SRS Labs, Inc. In 1996 SRS Labs became a publicly traded company on Nasdaq, SRSL. The company developed audio enhancement solutions and licenses those products to companies including Microsoft, Samsung Group, LG Group, Toshiba, Vizio, Dell, Hewlett-Packard, Sony and ViewSonic. In 2008, approximately 36 million SRS-equipped flat-panel TVs were shipped, representing a 30-percent estimated market share. SRS Labs had more than three hundred consumer electronics manufacturing partners, and more than 150 patents for its technologies. SRS manufactured its own products, including, MyVolume - Volume Leveling Adaptor, SRS iWOW for iTunes, SRS Audio Sandbox for PC, and SRS iWOW Adaptor for iPod. In 2012, SRS Labs was acquired by DTS, Inc. and was run as a subsidiary but has now been fully absorbed into the DTS parent company.