On2 Technologies Announces TrueMotion® VP6(TM) and VP7(TM) Support for NXP Semiconductors
On2's industry-leading video compression schemes to be supported on NXP media processing platforms for a wide range of video devices
TARRYTOWN, N.Y., July 9 / / -- On2 Technologies, Inc., (AMEX:ONT), a leader in video-compression software and solutions, announced today that NXP Semiconductors has integrated On2's industry leading TrueMotion VP6 and VP7 compression schemes' support on its Nexperia processor platforms for use in a myriad of consumer devices.
As a result of this agreement, chipsets for multiple product categories from NXP will be able to offer On2 TrueMotion support on devices ranging from mobile and personal devices, to home entertainment consumer electronics.
"Support for On2 VP6 and VP7 on NXP allows the migration of web-based video playback to devices as consumers want to view their favorite content beyond the PC," said Matthew Byrne, SVP for mobile and embedded business at On2. "VP6 and VP7 are unsurpassed whether for high resolution playback for IPTV or low bandwidth for mobile video applications. Given the breadth of product platforms NXP supports as a top 10 semiconductor company, quality video playback on such devices is within reach."
On2 VP6 is the dominant video compression scheme for Internet video through its inclusion in Adobe(R) Flash(R) Player 8 and 9. It is available in over 90% of PCs worldwide and is the format of choice for Internet video portals, user generated content, and social networking sites. On2 VP7 is considered the best video compression scheme available for resolutions ranging from 20kbps for mobile video to high-definition web video. It is rapidly being adopted by leading media companies for delivering premium high quality video content over the web.
"On2's VP6 and VP7 promise a quantum leap in how consumers experience digital video as a result of the amount of content that is becoming available in these formats," said Menno Kleingeld, Senior Marketing Director of NXP. "NXP's Nexperia-based Home solutions and audio/video components enable manufacturers to innovate embedded multimedia features and next-generation, connected multimedia appliances for a connected living experience and to share multimedia content in every room."
NXP is a leading semiconductor company founded by Philips more than 50 years ago. NXP creates semiconductors, system solutions that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices.
About On2 Technologies, Inc.
On2 Technologies (AMEX:ONT) is a leading technology firm at the forefront of digital video compression. The company revolutionized digital media delivery with the creation of its advanced full-motion, full-screen On2 Video compression and streaming technologies. On2 Video codecs are widely used in the Internet, video-on-demand, VoIP, and mobile media markets. On2's software is used by such leading global companies as Adobe, AOL, Skype, XM Satellite Radio, Sony, CTTNet, VitalStream, Brightcove and Tencent. Located in Tarrytown, N.Y., the company has R&D offices in Clifton Park, N.Y., and Cambridge, UK. To contact On2, write to sales@on2.com or visit http://www.on2.com/.
Trademarks mentioned in this release are property of their respective owners.
Source: On2 Technologies, Inc.
CONTACT: Sam Vasisht of On2 Technologies, +1-518-724-3872, svasisht@on2.com
Web site: http://www.on2.com/
