Avid DNxHR, which stands for "Digital Nonlinear Extensible High Resolution", is a lossy UHDTV post-production codec engineered for multi-generation compositing with reduced storage and bandwidth requirements. The codec was specifically developed for resolutions considered above FHD/1080p, including 2K, 4K and 8K resolution. DNxHD will continue to be used for HD resolutions.

Based on the paragraph above can we conclude that "Avid DNxHR, which stands for "Digital Nonlinear Extensible High Resolution", is a gainy UHDTV post-production codec engineered for multi-generation compositing with reduced storage and bandwidth requirements"?