NewTek Inc., manufacturer of industry-leading video and 3D animation products, revealed SpeedEDIT^TM 2, an upgrade to its resolution-independent video editor that offers numerous advancements, including support for additional file formats and enhanced Sub-Project capabilities for more flexible real-time layering.

"SpeedEDIT was already known for its groundbreaking workflow, but with this version we build upon that capability by adding core functionality while improving compatibility," said Andrew Cross, executive vice president, engineering, NewTek. "By working closely with our customers, we feel that this version of SpeedEDIT sets a new bar in editing performance."

Among many new benefits, SpeedEDIT 2 works natively for real-time editing with XDCAM HD, XDCAM EX, QuickTime® and AC3 Audio. SpeedEDIT also transcodes additional formats, including selected types of AVCHD. Sub-Projects now provide the ability to use all of the Control Tree settings for real-time sizing, rotation and overlay functions on groups of clips as if they were a single video clip. SpeedEDIT 2 also offers improved slow motion, with options for interpolated smoothing or enhanced sharpness. For animators, image sequences are displayed as clips in real-time, with support extended to JPEG, BMP, PNG, Targa and TIFF files. SpeedEDIT 2 extends real-time preview and playback with support for BlackMagic^TM and other compatible external video devices.

NewTek SpeedEDIT is a resolution-independent video editor designed to work quickly and efficiently on any video project. SpeedEDIT works with almost any type of video footage.

Pricing and Availability
SpeedEDIT is available for US$495. Purchases of SpeedEDIT made now through the release of SpeedEDIT 2 will include a free upgrade. SpeedEDIT 2 will be available in Q4 2009 at US$995, with an upgrade price of US$295 for SpeedEDIT and VT[5] owners. For more information, please visit www.newtek.com or call NewTek Sales at 800-368-5441, international callers dial +1-210-370-8000.