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This is the HyperEngine-AV project ("hyperengine")
This project is hosted by SourceForge.net. The project team describes it as:
HyperEngine-AV, Arboretum Systems' award winning video editing software is now free, complete with full source code. Users can capture, arrange, edit and process video, audio and text in a free-form, trackless document, to create movies and slide shows
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