On2's VP3 Positioned as the Video Counterpart to MP3; Digital Video Portion of Intel Website Recognizes Capabilities of Open Source Codec.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Dec. 10, 2001 On2 Technologies On2 Technologies ((AMEX:ONT)), formerly known as The Duck Corporation, is a small publicly-traded company (on the American Stock Exchange) that designs proprietary and standards-based video codec technology. 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, today announced that the open source version of On2's VP3 video codec has been recognized as the video counterpart to MP3. The digital video portion of Intel's website states, "MP3 finally has a video counterpart - a file-compression algorithm that makes it possible to send large multimedia files over the Internet on demand. VP3 is the first open-source video codec to truly support VHS-quality video at bandwidths as low as 200 kbps." "As software developers become aware of the availability of VP3, their reactions tend to be overwhelmingly positive. Yesterday alone, over 1200 people registered for the software," stated Douglas A. McIntyre, On2 Technologies 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. . "We made VP3 accessible to the open source community to break the logjam log·jam n. 1. An immovable mass of floating logs crowded together. 2. A deadlock, as in negotiations; an impasse. Noun 1. of incompatible formats and help pave the way to a single accepted standard. This is another good step towards that goal." For additional information, please visit, www.vp3.com or www.intel.com/home/howto/video.htm . 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. |
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