NoneX 264 is a free software library and application for encoding video streams into the H.264/MPEG-4 AVC format, and is is released under the terms of the GNU GPL.

Provides best-in-class performance, compression, and features.

Achieves dramatic performance, encoding 4 or more 1080p streams in realtime on a single consumer-level computer.

Gives the best quality, having the most advanced psychovisual optimizations.

Support features necessary for many different applications, such as television broadcast, Blu-ray, low-latency video applications, and web video.

x264 forms the core of many web video services, such as Youtube, Facebook, Vimeo, and Hulu. It is widely used in television broadcast and by ISP.

More information at http://en.wikipedia.org/wiki/X264