eps The legacy EPS format or encapsulated postscript file format was developed as a document interchange format by Adobe systems in 1992 to facilitate cross platform importing and exporting of vector graphical documents between supporting applications and documents. The EPS file is commonly associated with Adobe illustrator and other applications that support the postscript language. The EPS format supports vector graphics, bitmap images, as well as text but is more commonly used for graphic representation. It is worth noting that EPS files exist as final-form representations allowing minimal editing once created. The exception to this is the support of a few transformation operation such as rotation, scaling, and clipping. An EPS file is usually produced to be included in other documents such as text documents.
jp2 The JP2 file extension, also known as JPEG2000, was created by the JPEG Committee in the year 2000. The JP2 succeeded the first JPEG Standard in 1992 which was cosine transform based. It features the use of a "wavelet-base", unlike its predecessor JPEG standards. This file format uses a different image compression method. The compression method involves altering certain sections of the image, in terms of quality reduction. This method of compression ensures smaller file sizes and optimal storage. The JP2 file format has made several improvements over the JPEG Standard since 1992. The JP2 files can make use of both the lossless and lossy compression techniques.