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Technology Stocks : On2.com (ONT-AMEX)

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To: Sprocket who started this subject5/28/2002 7:01:20 PM
From: Don Green   of 553
 
On2 Technologies' VP4 Successfully Passes Texas Instruments Compliance Testing
VP4 Now Available on Broad Range of TI Digital Signal Processors
NEW YORK, May 28 /PRNewswire-FirstCall/ -- On2 Technologies Inc., The Duck Corporation (Amex: ONT - News), the industry leader in compression technology, today announced their VP4 video compression technology has successfully completed compliance testing for inclusion onto the TMS320C62x(TM) and TMS320C64x(TM) digital signal processors (DSPs) from Texas Instruments Incorporated (TI).

On2's VP4 video compression technology is ideal for wide-scale Video-On-Demand deployments. VP4 achieves high video quality at low data rates, and combines with the fully programmable C62x and C64x DSPs from Texas Instruments to provide a flexible and high performance DSP solution for clients.

By successfully completing TI's compliance testing, the decode portion of VP4 is now available across the entire family of Texas Instruments' 6000 Series DSPs.

"Our engineers deserve a great deal of credit in meeting TI's requirements in a timely fashion," said Douglas A. McIntyre, President and CEO of On2 Technologies. "On2's VP4 decode is now available on 15 different DSPs offered by TI, this ensures that there is a high performance video and streaming media product for a wide range of commercial applications."

About On2 Technologies, The Duck Corporation

On2 Technologies (Amex: ONT - News) 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® VP3/VP4/VP5). On2 licenses its high quality video codecs for use in set-top boxes, consumer electronics devices and wireless applications. In addition, On2 offers a suite of products and services, including high-level video encoding, 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.
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