VideoEgg

[ 2005.09.27 | Press Release ]

Newly-Launched Flash Video Publishing Tool Provides Superior Flash Video Image Quality

NEW YORK, NY and New Haven, CT — September 28, 2005 — On2 Technologies, Inc. (AMEX: ONT), today announced that VideoEgg, Inc. has embraced On2's VP6 video compression technology for its newly launched Web-based video publishing technology, the VideoEgg Publisher. Making its industry debut at the influential DEMOfall 2005 Conference, the VideoEgg Publisher enables Internet users to quickly and easily capture, edit, encode, and upload video to a website via a simple online interface. Website visitors can then watch this high quality Flash 8 video with the Flash-based VideoEgg Player, a cross-platform, cross-browser player solution that doesn't require conventional players like Windows Media Player or Quicktime. As a result of this technology partnership, VideoEgg has integrated On2's VP6 compression technology in its VideoEgg Publisher and Player to ensure the highest quality Flash 8 video creation and delivery for its customers.

"VideoEgg is a team of visionaries who recognized early on that, if you want to truly revolutionize Internet video for the masses, you must develop simple, intuitive solutions that yield pristine quality imagery," said Douglas McIntyre, chairman, president and chief executive officer of On2 Technologies. "The VideoEgg Publisher and Player, enhanced with the same VP6 codecs built into Flash 8, have captured the essence of simplicity coupled with stunning picture quality which will inspire millions of consumers worldwide to embrace this emerging new medium."

"VideoEgg is about more than just making video simple--we want users to have the highest-quality video experience possible," said Kevin Sladek, co-founder of VideoEgg, Inc. "That's why we've partnered with On2 Technologies, the cutting-edge creator of the high quality codecs behind Flash Player 8. By incorporating On2's highly-acclaimed VP6 encoding technology into the VideoEgg Publisher and Player, our users can create visually stunning video imagery, optimized for delivery at any bandwidth - from dial-up to broadband."

The VideoEgg Publisher simplifies the difficult video encoding and posting process, allowing users to capture video directly into a Website from camcorders, Web cams, and mobile phones. It also accepts video files via a simple drag-and-drop interface. Before movies are encoded and posted, users can perform basic edits with the Publisher's simple editing tools. The VideoEgg Publisher is a lightweight browser extension, which adds video capture, encoding, simple editing and upload capabilities to a standard Internet browser.

About VideoEgg
VideoEgg offers web-based video publishing solutions which make it easy to for internet users to encode, upload, host and watch video. Its flagship product, the VideoEgg Publisher, is a small website plug-in that makes it easy for end-users to capture, edit, encode, and post digital video online. A "universal adapter" that captures directly from hundreds of devices and reads dozens of formats, the VideoEgg Publisher allows internet users to painlessly publish video in a format that anyone can watch without worrying about player compatibilities, encoding settings, or extra software. VideoEgg's seed financing has been provided by Josh Kopelman and Howard Morgan's First Round Capital. The Company's management is supported by CVT Ventures, LLC, a venture development group dedicated to forming innovative technology startups. For more information, visit: http://www.videoegg.com.

About On2 Technologies, Inc., 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, On2 Video compression and streaming technologies. On2 Video 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, XM Satellite Radio, NTT, AOL, BBC, ABC News, Nullsoft, SeaChange International, and Macromedia. The On2 Video 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.

Press Contact
Karen D'Angelo Hopp
Connors Communications
212-798-1443
khopp@connors.com