This format is used by Olympus cameras to create RAW images. These files record data from the camera matrix that are used to generate the image. It contains raw data about contrast, saturation, color temperature, as well as metadata. The exposure and white balance can be changed in an ORF image while maintaining the level of detail and quality of the photo.
PNG is a raster graphic data storage format that uses lossless compression algorithm to Deflate. PNG was created as a free format to replace GIF. PNG supports three main types of raster images: grayscale image, a color indexed image and the color image. PNG format stores graphical information in a compressed form.