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Robin image optimizer is a free WordPress plugin to optimize and compress images.
Robin image optimizer plugin uses an intelligent optimization mode to reduce the size of JPG and PNG images by up to 80%. Reducing the size of images is possible due to the selective decrease of colors and removal of EXIF data. Despite the great economy in terms of image size, the image quality remains pretty much the same.
If you have many images on your website, this plugin will help you to make the website 50% faster.