On2 Technologies Enables New Generation of Internet Video with Move Networks
Award Winning On2 VP7 Video Compression Provides High Quality Video Experience with Move Networks' Unique Streaming and In-Browser Viewing Technologies
TARRYTOWN, N.Y., Feb. 21 / - On2 Technologies, Inc., (AMEX:ONT), a leader in video-compression software and solutions, announced today that its award winning advanced video compression scheme, Truemotion VP7, is utilized by Move Network's new Move Media Services for providing broadcast quality video over the Internet.
Move Media Adaptive Stream using VP7 is already being used by leading media companies to deliver unprecedented quality video over the Internet with PVR style navigation, video embedding tools, and detailed reporting. Users can watch prime-time programs that are powered by Move Media Services using VP7.
"The bar for video quality on the Internet has moved with On2's partnership with Move Networks," said Bill Joll, president and CEO of On2. "Move has provided the innovative solutions for robust streaming, seamless in- browser playback, and user friendly experience, and On2 has assured the compelling video quality that VP7 is receiving accolades for."
VP7 is the latest award-winning compression scheme from On2, already deployed for hundreds of millions of users around the world in such leading applications as Skype, AOL IM, and Tencent QQ.
"Move Networks is pioneering a new video publishing system for major media companies and broadcasters who want to take their broadcasts online. We provide a scalable streaming solution that adapts to the bandwidth and local environment of each media consumer," said John Edwards, CEO of Move Networks. "Our delivery system uses high quality codecs to deliver the most compelling user experience possible, and On2's VP7 meets our high standards."
Move Networks is based in American Fork, Utah. Its Move Media publishing and broadcasting system using VP7 is available to programmers and media companies for unique features and quality video delivery.
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/Macromedia, AOL, Skype, XM Satellite Radio, Sony, CTTNet, VitalStream, and Tencent. Located in Tarrytown, N.Y., the company has an 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/.
Source: On2 Technologies, Inc.
CONTACT: Sam Vasisht of On2 Technologies, +1-518-724-3872, svasisht@on2.com
Web site: http://www.on2.com/
