This document summarizes a presentation on wavelet based image compression. It begins with an introduction to image compression, describing why it is needed and common techniques like lossy and lossless compression. It then discusses wavelet transforms and how they are applied to image compression. Several research papers on wavelet compression techniques are reviewed and key advantages like higher compression ratios while maintaining image quality are highlighted. Applications of wavelet compression in areas like biomedicine and multimedia are presented before concluding with references.