Shrinking the JPEG!

(thanks cynthia greig for the image)

A 25 year old man from Singapore, Arvind Thiagarajan, has patented a new image format called MatrixView Universal (.MVU).
The data-compression algorithm he invented shrinks images 15 to many times smaller than a JPEG. But unlike a JPEG, which omits details (uses destructive compression), an .MVU is as precise as the original (based on a non destructive compression technology).
"Data loss is unacceptable in medical diagnosis; the problem is that a midsize hospital typically gets 60 requests every hour for MRIs and echocardiograms. At 10 megabytes apiece, the enormous images can quickly cripple a network." The .MVU format is a great help.