This is a format created in the Acorn Draw program, intended for image visualization by using vector lines. It’s used for storing information in the publishing business (brochures, logotypes, etc.). The main advantage is it’s high quality source images when printing. It’s been in use since 1980.
This is an expansion of the PostScript programming language that’s often used in the publishing business. It was developed in 1982 by Adobe Systems. Before the introduction of PS, printing text and images on one page wasn’t possible. PostScript makes this possible by giving a printer commands to print out text and graphical information as needed. PS also contains print coordinates for objects on a page.