Technovas has introduced its new MP3 player ‘TM-630′ with 65,000 color OLED display built inside. Apart from playing a variety of formats MPEG, AVI, WMV, ASF, MP3, WMV, ASF, OGG, WAV, it has Image and text viewers also. It can compress video files like MPEG, AVI, WMV, ASF by 40% with its converting functionality. It supports leading DRM like WM-DRM, Net Sync, and X-sync. It weighs around 38 grams and measures 40 x 54 x 16mm, and includes a high power Lithium Polymer battery. Pricing and release information is not known yet.