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ONT news. Vividas License TrueMotion VP7 from On2 Technologies for Mass Distribution of High Quality Video
1/13/2005 10:25:34 AM

MELBOURNE, Australia and NEW YORK, Jan 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- On2 Technologies, Inc., The Duck Corporation (ONT), and Vividas Pty. Ltd. today announced that Vividas has obtained the rights to On2's new TrueMotion VP7 codec for its CD-ROM, DVD, and Streaming applications. Vividas develops technologies to deliver video to most PCs or Macs with no software installation required.

Vividas's clients include Hasbro, Ford, Honda, Nissan, the Australian Government, Rip Curl, Coca-Cola, Mobil, Village Roadshow, Buena Vista and National Geographic Channel.

"Our new licensing arrangement with Vividas gives us an opportunity to get VP7 content distributed in high resolution on the web, using content that comes from major corporations that are the mainstays of the media world," said Douglas A. McIntyre, On2 Chairman, President and Chief Executive Officer. "This arrangement also has good royalty potential for both parties as the Vividas business grows," he added.

"We believe we have looked at all of the video compression technology available world wide, VP7 is, without question, the best compression software we have been able to find," said David Winter, CEO of Vividas. "VP6 has been a pivotal part of our business success to date and we are very excited about the improved product offering VP7 delivers."

About On2 Technologies, The Duck Corporation

On2 Technologies (ONT) is a leading technology firm at the forefront of video compression. The company revolutionized digital media delivery with the creation of its advanced full-motion, full-screen, TrueMotion(R) VP5/VP6/VP7 compression and streaming technologies. On2's TrueMotion codecs are used extensively in the video-on-demand, videoconferencing, Internet media, surveillance, and store-and-play markets. They operate with On2's own TrueCast Server and Player software, as well as third-party player and server products. On2's software is used by such leading companies as Sony, XM Satellite Radio, Leapfrog, Electronic Arts, NTT, AOL, BBC, ABC News, Nullsoft, SeaChange International, China Netcom, NHK, and Nanwang Multimedia. The VP6 decoder has an installation base of millions through its inclusion in AOL 9 Media Player, Winamp 5, Viewpoint Media Player, and others. On2 licenses its software for use in set-top boxes, consumer electronics devices and wireless applications and offers high-level video encoding, customized technical support, and consulting/integration services. Located in New York City, the company has an office in Clifton Park, NY, and operations in Cambridge, UK. To contact On2 write to [e-mail] or visit http://www.on2.com.

About Vividas (http://www.vividas.com)

Vividas Group plc provides video software solutions that enable viewing of full screen, high quality video on computers, without the need for software installation.

Vividas technology can be deployed on CD, DVD or streamed over networks including the Internet. The patent pending Vividas player technology and small video file size ensure efficient and reliable video play back, enabling companies to reach the broadest audience possible with dynamic, compelling video material. Additionally, the small video file size can enable significant savings on bandwidth costs. Vividas is unique in its ability to deliver high quality streaming video over standard Internet connections without concern for the software configuration of the end user's computer, or network installation permission.

Information about Vividas is available on the worldwide web at http://www.vividas.com. Vividas' corporate headquarters is located in London and the company has offices in New York, Los Angeles, Montreal, Toronto, Melbourne and Sydney.

SOURCE On2 Technologies, Inc.

Tim Reusing of On2, [phone]


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