On2 Technologies VP3 Codec Continues as Part of QuickTime 5's Component Download Feature

Business Wire, Oct 10, 2001

Business Editors/High Tech Writers

NEW YORK--(BUSINESS WIRE)--Oct. 10, 2001

On2 Technologies Inc., The Duck Corporation (AMEX: ONT), the industry leader in video compression technology, today announced that the plug-in for On2's VP3 codec will continue to be available via the component download feature in Apple's QuickTime 5.

The VP3.2 plug-in allows any QuickTime user to decode On2 encoded content and affords QuickTime Pro customers the opportunity to encode video for broadband distribution within the QuickTime Pro application. The VP3.2 codec is the predecessor to On2's most recent codec, VP4, and provides for full-screen, full-motion, television-quality streaming video at data rates as low as 200 kilobits per second.

"On2's VP3 plug-in for QuickTime 5 is a testament to the quality of our codec and we continue to receive very positive feedback from developers who demand the highest quality," said Douglas A. McIntyre, President and CEO of On2 Technologies.

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.