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LAME is an educational tool to be used for learning about MP3 encoding. The goal of the LAME project is to improve the psycho acoustics, quality and speed of MP3 encoding. Note: we provide source code only!
FLAC is a free lossless compressed audio format which supports streaming and archival. The FLAC project maintains the format and provides a reference encoder/decoder and input plugins for several popular audio players.
Lossless compressor for multichannel 8,16 and 24 bits audio data, with the ability of password data protection. Being 'lossless' means that no data/quality is lost in the compression - when uncompressed, the data will be identical to the original.
Clean implementation (in ANSI-C) of the Wavelets Transform. It works fairy good as a sparser, which can be combined with a compression algorithm (by using programs like bzip and gzip) to achieve high compression ratios (as good as mp3's).
XMMS-Musepack is an audio output plugin for the well known xmms on Linux. Andree Buschmann's en-/decoder is a great improvement of lossy audiocompression compared to MPEG-III. Give it a try!
Frank Klemm has added many speed optimizations and continous
Kexis - A lossless WAV file compressor. Kexis' main goal is to develop prediction and encoding schemes to minimize compressed file size. Kexis strives to be the premier lossless sound encoder.