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ON2 PRESS RELEASE
PRESS RELEASE On2 Releases Preview Version Of VP5, The World's Most Powerful Video Compression Technology New Codec is 50% Superior to Next-Best Technology New York, NY, February 21, 2002 -- On2 Technologies Inc. (AMEX: ONT), The Duck Corporation, the industry leader in compression technology, today released the preview version of VP5, their newest advancement in video compression. The download and streaming versions are available, through the RealPlayer, at www.on2.com. VP4, the Company's current flagship product is still the only video compression technology to break the 1-megabit barrier for full resolution, 60 field-per-second digital video delivery. The Company claims VP5 is up to a 50% improvement over VP4. Additional features offered by VP5 include real-time encoding and the ability to handle interlaced content. "With VP5, we've raised the bar again", said Dan Miller, founder & CTO of On2 Technologies. "This will be the first codec on the market to offer true broadcast-quality, real-time compression of difficult live material such as sports and action footage at sub-megabit data rates. I am truly proud of my team for once again surpassing our highest expectations." In tests across a broad spectrum of content, competitive codecs typically require data rates 50% higher than VP5 to achieve comparable quality. VP5 also outperforms the proposed H.26L standard (even with all of its advanced options enabled) in quality, data rate and performance while maintaining lower decode and encode complexity. VP5 is particularly suited for handling interlaced material such as live television broadcasts. "VP5 can do at 340k what VP4 does at 500k and other proprietary codecs do at 600k," stated Douglas A. McIntyre, On2 Technologies President and CEO. "This codec delivers a similar performance advantage over other codecs from 30kbps to multiple megabit encoding. This advance means that On2 compression no longer has any direct competitors for higher-quality video at lower data rates, not Windows Media Player, not Real 8, not Sorenson and not Divx. This codec is in a class by itself." The completed version of VP5 is expected to be available on multiple platforms, such as the Internet, set-top boxes and Digital Signal Processors by the middle of Q2. About On2 Technologies, The Duck Corporation 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 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. For more information contact On2: |
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