M-LTW: A fast and efficient intra video codec

Intra-video coding is a common way to process video material for applications like professional video editing systems, digital cinema, video surveillance applications, multi-spectral satellite imaging, HQ video delivery, etc. Most practical intra-coding systems employ JPEG encoders due to their simplicity, low coding delay and low memory requirements. JPEG2000 is the main candidate to replace JPEG in this kind of application due to its excellent rate/distortion (R/D) performance and high coding flexibility. However, its complexity and computational resource requirements for proper operation could be a limitation for certain applications. In this work, we propose an intra-video codec, M-LTW, which is able to obtain very good R/D performance results, as good as JPEG2000 or H.264 INTRA, with faster processing and lower memory usage.