ColorSqueeze Image Compression software for MacOS, was another of the very first digital imaging apps designed by me and shipped by Kodak. I worked with our local Mac developer, Tom M., again, and oversaw the design and development of this application.
ColorSqueeze used the Transbit algorithm to compress images and store them to disk. It could take an photographic image and compress it to fraction of it's original size with barely any loss of quality. You couldn't tell with the naked eye, only by subtracting one image from the other and stretching the results to the ends of the histogram and then you might see the difference. However, it was very similar to the JPEG standard which was released shortly after ColorSqueeze shipped, making it the product pretty much obsolete.