JPEG 2000 is a wavelet-based image compression standard (ISO specification (ISO/IEC 15444)). It was created by the Joint Photographic Experts Group committee with the intention of superseding their original discrete cosine transform-based JPEG standard. Common filename extensions include .jp2 and .j2c, while the MIME type is image/jp2.
Although the JPEG 2000 standard format does not include geocoding, it does allow for extra information to be inserted within the file. So GeoJPEG2000 or GeoJP2 is a JPEG2000-File enhanced with extra geocoding information
Mapping Science Inc, an ESRI Business Partner, defined GeoJP2 with a standard set of tags for georeferencing. GeoJP2™ is a trademark of Mapping Science, Inc. The GeoJP2™ format is the intellectual property of Mapping Science, Inc.
Copyright (c) 2002, Mapping Science, Inc. GeoJP2™ is a trademark of Mapping Science, Inc. The GeoJP2™ format is the intellectual property of Mapping Science, Inc.
"Permission to use, copy, distribute, and sell software employing this trademark, documentation and format for any purpose is hereby granted without fee, in perpetuity, provided that (i) the above copyright notice is displayed during execution of any software utilizing this information, (ii) both the copyright notice and and this permission notice appear in all documents utilizing or disseminating this information, (iii) the name "Mapping Science, Inc." may not be used in any advertising or publicity relating to the software without the specific, prior written permission of Mapping Science, Inc., and (iv) agreement to the terms of this license is recorded at http://www.mappingscience.com/royaltyfreelicense."