3GNewsroom.com reports that the technical design of a new video compression standard, known as H.264/AVC, has been agreed by ITU and ISO/IEC Joint Video Team, and is expected to be approved by the third quarter of 2003 . . .

“The new standard is likely to find use in a wide variety of applications such as 3G Wireless and is destined to revolutionize video picture quality over wireless network . . .”

“The many application areas likely to benefit include videoconferencing, video broadcast, streaming and video on mobile devices, tele-medicine and distance learning . . .”

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