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PR: On2 Technologies Makes Video Compression Technology Available to Open-Source Community

Sep 07, 2001, 20:09 (5 Talkback[s])

NEW YORK-- Sept. 7, 2001-- On2 Technologies, The Duck Corporation, the industry leader in video compression technology, today announced that the source code and open source license for their groundbreaking VP3.2 video compression algorithm can now be accessed at www.vp3.com.

VP3 is now the world's most efficient, open source video codec available. With no platform limitations or restrictive license fees, VP3 can move towards becoming a true common format that is open, documented and free.

"This is the first step in On2's attempt to see VP3 proliferate as a common format for the interchange of encoded digital video," stated Dan Miller, On2 Technologies Founder and CTO. "Our initial announcement was widely embraced by the development community, and now we look forward to breaking from the litany of incompatible formats and standards."

Unlike other open source, or standards based video codecs, VP3 allows for the highest quality video, at the lowest possible data rates while still retaining the video's full frame-rate. The result is a smooth video playback experience that can easily be expanded to a full-screen 640x480 resolution. The power of this codec is validated by the fact that it has been licensed by both RealNetworks and Apple for their internet video players. About On2 Technologies, The Duck Corporation
On2 Technologies (AMEX: ONT) is a leading technology firm at the forefront of video compression. The Company revolutionized video encoding with the creation of its advanced full-motion, full-screen, video compression and streaming technology (TrueMotion VP3/VP4). On2 licenses its high quality video codecs for use in set-top boxes, electronic gaming devices and wireless applications. In addition, On2 offers a suite of products and services, including high-level video encoding, hosting, streaming, customized technical support, and consulting services. Headquartered in New York City, the Company has an office in Albany, NY, and operations in London, UK, and Seoul, Korea. On2 may be reached at 145 Hudson Street, New York, NY 10013, telephone 917-237-0500 or info@on2.com. Investor inquiries should be sent to invest@on2.com. More information is available at www.on2.com.