On2 Technologies Launches VP3.com; Source Code for Groundbreaking Codec Technology to be Made Available on September 6

Business Wire, August 20, 2001

Business and High Tech Editors

NEW YORK--(BUSINESS WIRE)--Aug. 20, 2001

On2 Technologies, The Duck Corporation (AMEX: ONT), the industry leader in video compression technology, today announced that in addition to their corporate website, On2.com, they have launched a new site, VP3.com.

The new site will allow users to download source code, post enhancements and provide a forum for discussion for the Open Source community.

Currently, users can visit VP3.com and view a draft of the license, download VP3 for QuickTime (both Mac and Windows versions available) or VP3 for Windows. The first release of the source code for the groundbreaking VP3.2 video compression algorithm will be made available to the public on Thursday, September 6, 2001.

Since the August 7 announcement of making VP3.2 available to the Open Source Community, On2 has received numerous requests for a site dedicated to the release of the source code.

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, 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 info@on2.com. Investor inquiries should be sent to invest@on2.com. More information is available at www.on2.com.