On2's VP4i Breaks Into Broadcast-Quality Video Exchange; European Company Licenses Codec to Transmit Interlaced Video Content.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Jan. 29, 2002 On2 Technologies Inc., The Duck Corporation (AMEX AMEX See: American Stock Exchange : ONT ONT Ontario (old acronym - ON is now frequently used) ONT Optimizing Converged Cisco Networks (cisco CCNP exam) ONT Optical Network Terminal ONT Ontario Northland Railway ), the industry leader in compression technology, announced that VP4i, the most efficient codec (1) (enCOder/DECoder) A hardware circuit that performs analog-to-digital conversion (ADC) and digital-to-analog (DAC) conversion. When analog signals are entered into a computer, cellphone or other device via a microphone or video source such as VHS tape or analog TV, capable of handling interlaced video content, has been licensed for the transfer of broadcast-quality video. Raw video files encoded in VP4i preserve the characteristics of interlaced video and maintain the broadcast quality of the content. Taking advantage of the efficiency and portability of VP4i, compressed files can then be easily transferred from one location to another in a quicker and more cost efficient manner than current standards permit. TVZ TVZ Terran Versus Zerg (Starcraft game) TVZ Tsafsman-Vladut-Zink Bound (information theory) , an information website targeting broadcasters around the world, is the first to license the technology. "This is an important step for On2 because it broadens our VP4 offerings into another market, the real-time delivery of news, sports and live entertainment," stated Douglas A. McIntyre, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of On2 Technologies. "We are very pleased that TVZ recognizes the capabilities of VP4i." VP4i represents the first commercially available codec capable of handling full-bandwidth, interlaced video material in real time, at data rates under one megabit per second A megabit per second (abbreviated as Mbit/s, Mbps, or mbps) is a unit of data transfer rate equal to 1,000,000 bits per second. Because there are 8 bits in a byte, a transfer speed of 8 megabits per second (8 Mbps) is equivalent to 1,000,000 bytes , while maintaining full broadcast-quality for delivery to television. 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(R) 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 New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10013, telephone 917-237-0500 or info@on2.com. Investor inquiries should be sent to invest@on2.com . This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor provisions of those sections and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk uncertainties including those described in our filings with the SEC, and that the actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. We have based these forward-looking statements on information currently available and disclaim any intention or obligation to update or revise any forward-looking statement. |
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