On2 Technologies Announces 550,000 Milestone for VP6 Codec Downloads

On2 Technologies Announces 550,000 Milestone for VP6 Codec Downloads

Program Will Be Closed for Launch of VP7

NEW YORK, Dec. 22 /PRNewswire-FirstCall/ -- On2 Technologies, Inc., The Duck Corporation (AMEX:ONT), today announced that the number of downloads of its TrueMotion VP6 Personal Use codec has exceeded 550,000. The program will be closed to new licensees today in anticipation of the launch of the TrueMotion VP7 codec.

The company said that the successful download program would be critical to the marketing of VP7 and On2's new encoding tools. On2 encoding tools will target users of the company's TrueCast Server and will also include products for several of its decoder distribution products. The company believes that these products will be launched over the course of 2005.

"The use of VP6 and the information we have received about customer behavior should pave the way for a successful launch of VP7 and the launches of encoders for several of our large distribution partners that allow On2 to market the encoder," said Douglas A. McIntyre, On2 Chairman, President and Chief Executive Officer. "Every VP7 license will be a paid license, including a nominal charge for the VP7 personal use encoder. We believe the market will view VP7 as the leading codec in the world and it will command a premium price."

About On2 Technologies, The Duck Corporation

On2 Technologies (AMEX: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) VP4/VP5/VP6 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, 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 sales@on2.com or visit http://www.on2.com/.


Source: On2 Technologies, Inc.

CONTACT: Tim Reusing of On2 Technologies, Inc., +1-646-292-3533

Web site: http://www.on2.com/


-------
Profile: intent