I mean something like compression by fractals, wedgelets, geometrical wavelets, or other starlet transforms. I am looking for a new compression algorithm in the research level maturity, may be not industrial.
Not me, But one of my friend in signal processing did a similar research by combining image processing(IP) and image compression(IC) techniques for supreme compression. He combined super resolution(IP) with JPEG2000(IC).
A. Panayides, M.S. Pattichis, C.S. Pattichis, C.P. Loizou, M. Pantziaris, A. Pitsillides, “Atherosclerotic plaque ultrasound video encoding, wireless transmission, and quality assessment using H.264,” IEEE Trans. Inform. Tech. Biomed., vol.15, no. 3, pp. 387-397, 2011.