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 email@example.com. Investor
inquiries should be sent to firstname.lastname@example.org. More information is
available at www.on2.com.
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