On2 Technologies, Inc. a developer of video compression technology and technology that enables the creation, transmission, and playback of multimedia in resource-limited environments, such as cellular networks transmitting to battery operated mobile handsets or high definition (HD) video transmitted over the Internet. The Company has developed a technology platform and the On2 Video VPx family of video compression/decompression (codec) software to deliver video at the low data rates over networks and the Internet to personal computers, wireless devices, set-top boxes and other devices. In addition, through its wholly owned subsidiary, On2 Technologies Finland Oy, the Company licenses to chip and mobile handset manufacturers, and other developers of multimedia consumer products the hardware and software designs that make the encoding or decoding of video possible on mobile handsets, set top boxes, portable media players, cameras and other devices.