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   Microcap & Penny StocksNexOptic Technology Corp


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From: togrok1/16/2019 11:32:25 AM
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Nexoptic Letter to Shareholders

Vancouver, Canada – January 16, 2019 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) today provided its shareholders with the following letter and corporate update from John Daugela, Chief Executive Officer.

Dear fellow shareholders,
Momentum is accelerating as we move into 2019. As many of you know, Digital Trends last week awarded NexOptic its “Top Tech of CES 2019” for Photography, a validation of our technology, our team, and our progress.

2018 was a year of ambitious stage-setting for NexOptic as we positioned our company for the next leap in its evolution, from a highly innovative development company to a commercially viable business. Our goal has been clear from the outset: to establish a successful commercial legacy in the world of optical design and product innovation. In 2018, we grew our suite of optical innovations to include artificial intelligence (AI). We would like to thank our early shareholders for believing in NexOptic’s vision as we continue to create and innovate high-end optical lenses. Your support is an integral part of our goal to build a successful and revolutionary technology company.

Our products were front and center on the global stage at the 2019 Consumer Electronic Show (CES) in Las Vegas, where DoubleTake™ was included in the influential list chosen annually by Digital Trends, a leading online technology publication that provides comprehensive product reviews and breaking news to approximately 30 million monthly unique readers. CES has served as the proving ground for innovators and breakthrough technologies for 50 years, providing an essential platform for companies to introduce their next-generation products to the marketplace.

Click here to read our announcement of the award.

The task to transfer innovative concepts from the minds of our team members to NexOptic’s drawing boards and from there to tomorrow’s technology products is considerable. Our team is ready and driven to accomplish that goal this year, and we are up to the challenge.

What made us proud in 2018 is what makes us confident in 2019:

  • We achieved exceptional independent test results with our first innovative lens for smartphones
  • We developed ground-breaking AI for optics
  • We filed multiple new patent applications, including patents to cover our AI, our efficient lens designs, and our consumer products
  • We designed DoubleTake™ – our reimagined binoculars – with features never seen before in binoculars, including instant zoom, HD display, live streaming and sharing, and we demonstrated prototypes of both the electronics package and revolutionary compact optics package at CES
  • We met with numerous potential corporate partners to assess paths for commercialization
  • We added Bobby Braun, Dean of Engineering and Applied Science at the University of Colorado Boulder and former Chief Technologist of NASA, to our Board of Directors
  • We grew our team to launch global sales and commercialization


NexOptic’s management recognizes that 2018 was a challenging year in the capital markets and, as with most Venture Market listings, we experienced considerable volatility in our share price. Our mindset is to consistently build the company, and the stock price will follow. We continue to focus on innovation and product engineering with a solid business strategy to generate revenue growth.

We also recognize that there is room for improvement in our communications with you, the owners of our company. To that end, we continue to develop and upgrade our website and increase our outreach and awareness campaigns on social media channels, including Twitter, Facebook and Instagram. In 2019 we will use all our social media channels more frequently and more rigorously. We are committed to transparency and timeliness in all our communications, so we have engaged Canada’s leading corporate communications firm, Longview Communications and Public Affairs, and in the U.S., we are working with Boston-based Elevator North, which has particular expertise in the outdoor and tech spaces.

This year, more than ever, I look forward to NexOptic hitting key milestones and transitioning to a commercially successful, sustainable business. Looking back on the decision you made to invest with us, I trust you share my conviction and belief that our best days and years are to come. Thank you for your support.

John Daugela, Chief Executive Officer

About NexOptic Technology Corp.
NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. Currently focused on engineering its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device market, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade Optics™, the Company’s developing suite of optical technologies, NexOptic can increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved diffraction limit, providing the potential for greatly increased resolution.

Blade Optics refers to NexOptic’s lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company’s intellectual property and know-how.

NexOptic trades on the TSX Venture as “NXO”, on the OTCQX under the symbol “NXOPF,” and on Frankfurt as “E3O1”. More information is available at www.nexoptic.com.

https://nexoptic.com/2019/01/16/letter-to-shareholders-looking-forward-with-optimism/

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From: togrok1/24/2019 2:05:27 PM
   of 56
 
IdeateTV talks with Darcy Daugela

youtube.com

Nexoptic also showing at Shot Show in Las Vegas this week

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From: togrok1/31/2019 12:29:53 PM
   of 56
 
DoubleTake Continues to Make Waves

Momentum Continues for NexOptic’s Award-Winning, Reimagined Binoculars: DoubleTake™

January 31, 2019

Vancouver, Canada – January 31, 2019 - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) reports today that it is pursuing significant opportunities to accelerate its growth, some of which were generated at the 2019 Consumer Electronic Show (CES) in Las Vegas earlier this month.

At CES, NexOptic held prearranged meetings with some of the world's largest technology companies, where conversations are ongoing, and the Company received strong expressions of interest to distribute and market DoubleTakeTM globally.

The awards, expressions of interest, and accolades from multiple media outlets, retailers, distributors, and technology companies were in part due to NexOptic showcasing the significant power of its DoubleTake lenses as well as the revolutionary capabilities of its artificial intelligence and smartphone lenses for photography at a private NexOptic viewing suite throughout the multi-day CES event.

NexOptic's unique DoubleTake lens is a near diffraction-limited 95mm F1.8 (35mm equivalent of 530mm) lens consisting of plastic, glass, and mirrored elements in a novel telescope-like configuration. The Blade OpticsTM module allows the longer focal length lens to be compressed into a much smaller volume, so a lightweight device can take exceptional long-range images.

DoubleTake will be featured at the Outdoor Retailer Snow Show in Denver, Colorado January 30-February 1. If you'd like to schedule a meeting to preview DoubleTake at the Outdoor Retailer Show, please contact Matt Fitzgerald at Elevator North, 781-740-4050 or at mfitzgerald@elevator-north.com. NexOptic will be exhibiting at booth 51060-UL.

The company is on track to sell DoubleTake to consumers in late 2019.

What separates DoubleTake from any other binocular product is its Blade Optics technology. NexOptic's patented and patent-pending suite of optical technologies has put the power of a telescope in a rugged handheld device. By utilizing dual lenses, one wide-field and one narrow-field, DoubleTake makes finding, focusing, and zooming in on objects far quicker, easier, and more enjoyable than when using conventional products. It digitally supports 4K video, 12 MP photos, and audio with an SD card slot option. Users can also wirelessly share their media and/or display screen with smartphones.

DoubleTake recently made its debut at the SHOT Show in Las Vegas as well as the Seattle Boat Show.

NexOptic also reports that effective today, founding Director, G. Arnold Armstrong has retired at the age of 93 from its Board of Directors.

"The technology NexOptic is developing is very exciting, and I have full faith the team will accomplish its goals," said Mr. Armstrong. "I'm proud to have been part of this remarkable venture at its earliest stages, and I'm looking forward to what comes next as the Company continues with its advancements."

"On behalf of NexOptic's Board of Directors, I wish to extend my sincere gratitude to Arnold," said Paul McKenzie, NexOptic's President and Chief Business Officer. "From the very beginning, Arnold saw the value and the potential of what NexOptic's technologies could become. It's been my great pleasure to have had the good fortune to work closely with Arnold."

NexOptic also reports that it has granted an aggregate of 2,650,000 stock options to some of its Directors, Officers and Consultants having an exercise price of $0.65 and a term of five years.

About NexOptic Technology Corp.

NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. Currently focused on engineering its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device market, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade OpticsTM, the Company's developing suite of optical technologies, NexOptic can increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved near diffraction-limit, providing the potential for greatly increased resolution. In 2018 we grew our suite of innovations to include artificial intelligence (AI), developing ground-breaking AI for our optics.

Blade Optics refers to NexOptic's lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company's intellectual property and know-how.

NexOptic trades on the TSX Venture as "NXO", on the OTCQX under the symbol "NXOPF," and on Frankfurt as "E3O1". More information is available at www.nexoptic.com.

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From: togrok2/1/2019 4:31:18 PM
   of 56
 
February Presentation

https://nexoptic.com/site/assets/nxo-corporate-presentation.pdf


great overview

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From: togrok2/6/2019 10:32:38 AM
   of 56
 
NexOptic’s Reimagined Binoculars, DoubleTake™, Takes Home GearJunkie’s “Best in Show” Award For the audio version of today's news release please click here February 6, 2019

Vancouver, Canada - February 6, 2019 - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) reports that GearJunkie has awarded NexOptic’s DoubleTake™ its “Best in Show” Winter Gear 2019 award at the Outdoor Retailer Snow Show, North America’s largest outdoor trade show in Denver, Colorado.

With its second major award this year, DoubleTake increasingly shows the potential to completely disrupt the global binocular industry when it goes on sale later this year. In January, Digital Trends, named DoubleTake the “Top Tech of CES 2019” for photography.

We are immensely proud to be recognized by GearJunkie in this manner” said Kerri McTaggart, NexOptic’s Product Marketing Manager. “They have previously honored some of the outdoor industry’s most recognizable brands and products with their Best in Show award, so this means a lot to us.

GearJunkie is an outdoor lifestyle news platform that focuses on the evolution and innovation of outdoor equipment. Millions of monthly readers worldwide subscribe and depend on the platform to read product reviews that inspire and educate consumers on their next gear purchase.

What separates DoubleTake from any other binocular product is NexOptic’s Blade Optics™ technology. NexOptic's patented and patent-pending suite of optical technologies puts the power of a telescope in a rugged handheld device. By utilizing dual lenses, one wide-field and one narrow-field, DoubleTake makes finding, focusing, and zooming in on objects far quicker, easier, and more enjoyable than when using conventional products. DoubleTake’s 5-inch LCD touchscreen display turns what used to be a solo viewing experience into an interactive and memorable group viewing experience. DoubleTake digitally supports 4K video, 12 MP photos, and audio with an SD card slot option. Users can also wirelessly share their media and/or display screen with smartphones.

NexOptic Proposes Warrant Extension

NexOptic proposes to extend the expiry date of outstanding share purchase warrants that were issued pursuant to a private placement completed on August 23, 2017. Each warrant entitles the holder to purchase one common share in the capital of the Company at a price of $1.50 per share for a period of 18 months from the date of issuance expiring on February 23, 2019. Subject to TSX Venture Exchange approval, the expiration of these warrants will be extended to February 23, 2020. All other terms of the warrants will remain the same.

About NexOptic Technology Corp.

NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. Currently focused on engineering its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device market, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade Optics, the Company’s developing suite of optical technologies, NexOptic can increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved diffraction-limit, providing the potential for greatly increased resolution. In 2018, NexOptic’s suite of innovations grew to include ground-breaking artificial intelligence (AI) for its optics.

Blade Optics refers to NexOptic’s lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company’s intellectual property and know-how.

NexOptic trades on the TSX Venture as “NXO,” on the OTCQX under the symbol “NXOPF,” and on Frankfurt as “E3O1.” More information is available at www.nexoptic.com.

Investor Enquiries
Rhys Hanak
Tel: +1 (604) 669-7330 x 202
look@nexoptic.com

Media Enquiries
Mark Richardson
mrichardson@elevator-north.com

Product Enquiries
Kerri McTaggart
Tel: +1 (604) 669-7330 x 304
kerri.mctaggart@nexoptic.com

TSX-V: NXO
OTCQX: NXOPF
Frankfurt: E3O1

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From: togrok2/21/2019 12:16:44 PM
   of 56
 
DoubleTake wins 3rd major award!

NexOptic's Reimagined Binoculars, DoubleTake™, Nominated For 2019 Edison Award™ Vancouver, Canada - February 21, 2019 - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) announced that DoubleTake™, NexOptic’s “Binoculars Reimagined”, has been nominated as a 2019 Edison Award™ Finalist for Advanced Image Capture in the Consumer Goods category.

DoubleTake is NexOptic’s ground-breaking reimagining of binoculars. Powered by a dual Blade Optics™ lens system, DoubleTake features an equivalent focal length of greater than 500mm, so users can capture spectacular images and lifelike 4K video. DoubleTake features a quad-core Ambarella H2 processor, enabling state-of-the-art digital features such as image stabilization and real-time, high resolution panning, all viewable through a 5-inch high-definition touch screen LCD display.

The 2019 Edison Award Finalists were selected globally from today’s smartest innovations, and brightest advancements across 15 distinct categories. Focused on the innovators as much as the innovations, Edison Award Winners represent game-changing products and services, as well as excellence and leadership in innovation around four criteria: concept, value, delivery, and impact. Previous winners of the Edison Award include some of the world’s most cutting-edge Fortune 500 companies, such as Apple, Microsoft, and FitBit.

“We are honored to have our technology officially recognized by some of the world’s most influential minds in modern business,” said John Daugela, CEO of NexOptic. “I believe this nomination not only speaks to DoubleTake’s disruptive potential in the consumer imaging market, but also our ability as an innovative optical design company to create products that truly resonate with today’s tech visionaries.”

Determined by 3000 global senior business executives, academics, and technology professionals, the gold, silver, and bronze winners of the 2019 Edison Awards will be announced at the annual Edison Awards Gala in New York, NY on April 4, 2019.

About the Edison Awards

Originally established in 1987 by the American Marketing Association, but an independent organization since 2008, the Edison Awards have recognized and honored some of the most innovative products and business leaders in the world and is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation.

About NexOptic Technology Corp.

NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. Currently focused on engineering its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device space, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade Optics™, the Company’s developing suite of optical technologies, NexOptic can increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved diffraction limit, providing the potential for greatly increased resolution. In 2018, NexOptic’s suite of innovations grew to include ground-breaking artificial intelligence (AI) for its optics.

Blade Optics™ refers to NexOptic's lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company's intellectual property and know-how.

NexOptic trades on the TSX Venture as "NXO", on the OTCQX under the symbol "NXOPF," and on Frankfurt as "E3O1". More information is available at www.nexoptic.com.

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From: togrok2/28/2019 10:57:43 PM
   of 56
 
Forbes article -
The DoubleTake Is Half-Binocular, Half-Camera, And Has The Focal Length Of A Telescope
Suzie Dundas
Contributor

“We are confident in saying there is nothing like this on the market,” says Darcy Daugela, 58, chairman at NexOptic Technology Corp. He’s referring to the DoubleTake, which he describes as a next-generation handheld telescope. The device is roughly the size and shape of a pair of binoculars, but with a 5-inch display screen in lieu of lenses. The devices uses a dual-lens system and can beam the image on the screen in real time to other smart devices. The unit weighs about two pounds and has two built-in 12MP cameras, along with 4K video. One charge earns three hours of use, though the device powers down when not in use to save battery.







The DoubleTake is designed to serve as both a camera and a pair of binocularsCredit: NexOptic Technolohgy Corp.




DoubleTake is the first consumer product from the Vancouver-based, 50-person company. The idea came to Daugela and brother John, 52, NexOptic’s CEO, while developing software for solar panels. They were attempting to create technology that would increase the amount of light absorbed by each solar panel, thus making the panel more profitable. While testing various strategies, they discovered a specific wedge shape that concentrated light extremely effectively. After further research and testing, some of which involved mirrors and a reflective baby pool in John’s backyard, they learned that the shape made it possible to create a very long focal length in a very small space. A longer focal length allows the user to see objects over greater distances. Usually, a longer focal length equates with a longer lens, which is why “zoom” camera lenses of 300mm or more are often elongated and heavy. The technology they discovered takes away the need for a lengthy lens while retaining the ability to see objects in the distance.

They’ve spent more than $3 million on development of the technology, which they call Blade Optics, and 18 months developing the DoubleTake. Daugela explains that the decision to focus the Blade Optics technology first on a half-camera, half-binocular product was a result of market research. “Market research showed many user groups wanted the long-range image quality and ruggedness of binoculars,” he says, “combined with the ability to easily capture and share high-quality images like a smartphone.” He thinks their core customer will stretch across a variety of audiences, including professional sport spectators who want to see the field in more detail, hikers and bird watchers who want to see scenery up-close and even police and security services.







NexOptic predicts the DoubleTake will be popular with outdoor enthusiasts and birdwatchersCredit: NexOptic Technology Corp.




As expected, the development, prototyping and testing processes were highly engineered affairs. “We were attempting to fit optics with the power of a 530mm focal length into a device that is only three inches deep,” says Daugela. “We spent a long time designing the perfect lens system for the device.” They tested various lens and optical configurations before finally landing on an arrangement inspired by telescopes. The first viable prototypes showed that the DoubleTake was able to clearly render a toothpick-sized object on the screen from 185 feet away - the distance of half a football field. That level of optical performance is possible because they source their lenses from the same company that makes much of the world's laser eye surgery instruments. During some stages of testing, the team flew to the Arizona desert to attempt to use the long-distance technology on a rather ambitious focal point: the moon.

forbes.com

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From: togrok3/14/2019 4:28:55 PM
   of 56
 
Flat wedge-shaped lens

Another patent granted to John Daugela (CEO NexOptic) with more to come....

patents.justia.com

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From: togrok3/16/2019 12:08:02 AM
   of 56
 
Why Not All Magnifications Are The Same

RHYS HANAK - MARCH 15, 2019

Many consumers are surprised to learn that magnification (or “zoom”, as it is commonly referred to) is not a standardized metric across all imaging devices.

In other words, each type of imaging device (ie. smartphone, binocular, DSLR camera, etc) has a different mathematical rationale behind its magnification. This can lead to considerable confusion when consumers try to compare the magnification capabilities between different imaging devices.

By better understanding how different imaging devices calculate their magnifications, consumers can make more informed decisions when considering their next smartphone or camera product purchase.

Binoculars

The magnification power of binoculars is specified by a pair of numbers (ie. 8×40). The first two characters, “8x”, refer to the magnification of the binoculars—or how many times closer you are to your target. The second two characters, “40”, refer to the aperture size of the binoculars.

Rest assured that aperture size still affects resolution, even in binoculars. A pair of 8×8 binoculars will be very small, but the image that you see—though 8 times closer to your target—may be dark and blurry, due to the small aperture size.

DSLR (Full Frame) Cameras

It’s important to recognize that a new kind of magnification notation comes into play with DSLR camera “lens labels”. For example, a DSLR lens labeled “14-200mm, f2.8” means that the lens has a focal length that can be changed from 14mm to 200mm and an f-number of 2.8.

We discuss the importance of f-numbers in angular resolution in our previous article, Pushing the Boundaries of Smartphone Camera technology.

It is this change in focal length—from 14mm to 200mm—that provides us with a second, “new” definition of zoom. To illustrate this second concept of zoom, let’s compare two cameras.

Camera A has a lens of 14mm to 200mm, f2.8. Since 200 mm / 14mm = 14, this camera has a 14X optical zoom.

Camera B has a lens of 200-800mm, f2.8. Since 800mm / 200mm = 4, this camera has a 4X optical zoom.

But despite Camera A technically having a larger optical zoom than Camera B, Camera B would boast a much more zoomed image—as Camera B’s final focal length value is much larger than Camera A’s.

With this example, it becomes quite clear that optical zooms in DSLR cameras are relative, based on the camera’s focal length values. So what do we do?

A helpful way to accurately comparing DSLR camera magnifications is to use binocular magnifications (ie. 50mm = 1X, 100mm = 2X, and so on). In this case, Camera A would have a 4X binocular zoom and Camera B would have an 8X binocular zoom.

With this rule-of-thumb, we can quickly surmise that Camera B provides more magnification than Camera A.

Point And Shoot Cameras

Point and shoot cameras use much smaller sensors in comparison to DSLR’s. As such, their lens labels often look slightly different.

For example, take this common point and shoot camera label: “4.3-151mm, 1:3.4-6.9”.

Just like with DSLRs, the first set of numbers refer to the focal length that the camera can change between. The second set of numbers refer to the camera’s f-number—which you can see is actually two numbers.



Using the aforementioned example, a point and shoot camera with a lens label of 4.3-151mm would result in a whopping 35X of optical zoom (since 151mm / 4.3mm = 35). If we convert these focal lengths to their 35mm equivalents, we get numbers around 25-850mm. This focal length would present a tremendous amount of zoom.

But despite this point and shoot cameras substantial magnification power, its resolution leaves something to be desired. That’s because the 4.3mm focal length of the camera would have an f-number of 3.4, while the 151mm focal length of the camera would have an f-number of 6.9.

In comparison to the f2.8 number DSLR example used above, this point and shoot would provide significantly less image resolution—thanks to its 6.9 f-number.

Because of this lacklustre resolution, the extra zoom afforded by point and shoots is often referred to as “empty magnification”. Much like digital zoom, empty magnification often results in a blurry picture, due to the fact that no new image information is gained despite the image being magnified.

Smartphone Cameras

Our list would not be complete without smartphone cameras, the most popular imaging device in the world.

By combining numerous cameras and image sensors, today’s smartphones are capable of achieving remarkably large magnifications. However, the use of multiple camera systems also makes smartphone cameras notoriously difficult to compare.

For example, consider a mobile phone that has a default “1X” lens with a 4mm focal length on a 1/2.3” format sensor.

Now, consider that that same phone has a “2X” lens with a 6.5mm focal length on a 1/3.5” format sensor.

You might expect the “2X” lens to have double the focal length of the “1X”, but smartphone companies often opt to use a smaller sensor due to depth constraints. Because this smaller sensor can only receive a portion of the light that this lens gathers, much of the potential magnification is lost—thus resulting in what is actually “fake” optical zoom.

DoubleTake: A Transformative Imaging Device For The Outdoors

So with all of this in mind, what makes DoubleTake so special?

DoubleTake™ has a binocular magnification of just over 10X, which is the equivalent of a 500mm focal length lens in a 35mm camera. Although this focal length number is a 35mm equivalent, DoubleTake™ achieves this focal length while maintaining an F-number of 1.8—an impressive feat, considering that most point and shoot cameras sport a 6+ F-number.

With these performance specifications, DoubleTake™ is capable of capturing ultra high-resolution pictures that can be zoomed in to the pixel level, all without losing a substantial amount of detail.

By combining this imaging power with disruptive form factor, we believe that DoubleTake™ becomes more than the sum of its parts—in essence, a truly next-generation imaging device that will change how people view the world around them.

nexoptic.com

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From: togrok3/21/2019 11:13:29 AM
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NexOptic Appoints Rich Geruson, Former Lexmark CEO, to Board of Directors

Published: Mar 21, 2019 9:00 a.m. ET

VANCOUVER, British Columbia, Mar 21, 2019 (GLOBE NEWSWIRE via COMTEX) -- VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. ("NexOptic" or the "Company") (NXO) (otcqx:NXOPF) (frankfurt:E3O1) is pleased to announce that Richard J. (Rich) Geruson has joined its Board of Directors, effective immediately.

Mr. Geruson's experience spans CEO roles at Lexmark International, Phoenix Technologies and VoiceSignal Technologies, and Senior Vice President and executive positions at Nokia, IBM, Toshiba, and McKinsey & Co.

As CEO of Lexmark International, a multibillion-dollar imaging technology and solutions company with 10,000 employees, he grew printer sales faster than at any time in the preceding 10 years while simultaneously executing extensive process reengineering, transforming the business from negative EBITDA and high debt to positive multi-hundred-million-dollar EBITDA and a healthy debt profile. While CEO of Phoenix Technologies, he achieved consistently high profit year-over-year for six years straight in the company's business of firmware and software for PCs, tablets, and embedded internet of things (IoT) devices. As CEO of VoiceSignal Technologies, he pioneered voice recognition software for mobile phones, resulting in an increase in shareholder value of over 10-fold and culminating in the sale of the company for 12 times its revenue.

At Nokia he propelled the business from fifth-place market share to first-place in the US, and first-place in the world for the first time in its history, catapulting the stock price to more than a sevenfold increase in less than three years.

"We are thrilled to welcome Rich and his remarkable business and leadership acumen to our Board of Directors," said Darcy Daugela, Chairman. "Rich brings unparalleled organizational expertise and an exceptional track record of success in manufacturing, sales, and global distribution of sophisticated consumer and business hardware products. He will be a tremendous asset to our company."

DoubleTake(TM), NexOptic's reimagined binoculars, was recently awarded GearJunkie's "Best in Show" Winter Gear 2019 award at the Outdoor Retailer Snow Show, North America's largest outdoor trade show in Denver, Colorado. The award was the latest in a string of high-profile recognitions for NexOptic's technology. Over the past year, NexOptic has grown its suite of optical innovations to include artificial intelligence (AI), which is garnering enthusiastic attention from the mobile device industry for its outstanding performance in low-light conditions and in reducing motion blur.

The appointment of Mr. Geruson comes as NexOptic prepares to disrupt the global binocular industry with DoubleTake.

"I am excited to join the Board of a company whose technology has such tremendous potential to impact many verticals in a variety of industries - from smartphone lenses to binoculars," Mr. Geruson said. "I look forward to bringing my experience and expertise to bear as we move NexOptic's sophisticated and award-winning offerings to global markets."

Mr. Geruson has served on numerous public and private boards across three continents and holds graduate degrees from Oxford University, including a D.Phil. in economics. While a member of the research faculty at Harvard Business School, he wrote A Theory of Market Strategy, a book used in many business schools' curriculums.

Capital Raise

Subject to acceptance by the TSX-V (the Exchange), NexOptic intends to complete a non-brokered private placement of up to 9,100,000 units of NexOptic (the "Units") at an issue price of CDN $0.55 per Unit, for gross proceeds of up to CDN $5,005,000 (the "Private Placement"). Each Unit comprises one common share in the capital of NexOptic (the "NexOptic Shares") and one common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to purchase one additional NexOptic Share at an exercise price of CDN $0.75 for a period of 24 months from the date of issuance of the Units.

The net proceeds from the Private Placement are intended to fund the continued advancement of the Company's core projects and for general working capital. Finder's fees may be payable on all or portions of the Private Placement, in accordance with the policies of the Exchange.


Upcoming Event

NexOptic is excited to showcase its latest technologies at the upcoming Outdoor Adventure and Travel Show in Calgary on March 23-24, 2019, located at Stampede Park, BMO Centre. The Outdoor Adventure and Travel Show is Western Canada's largest showcase of outdoor gear and adventure travel experiences. NexOptic is eager to further establish its DoubleTake technology and highlight advances in its products' artificial intelligence.


About NexOptic Technology Corp.

NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. The Company is readying to globally launch its reimagined binoculars, the multi-award winning DoubleTake, its first consumer product engineered to disrupt the growing outdoor recreation market. DoubleTake utilizes NexOptic's high magnification lenses for a state-of-the-art digital experience. NexOptic is also working on commercializing its ground breaking-artificial intelligence ("AI") for imaging as well as exploring opportunities for the Company's innovative mobile lens designs. Utilizing Blade Optics, the Company's developing suite of optical technologies which now includes AI, NexOptic can increase aperture sizes within given depth constraints of various imaging applications for improvements to diffraction-limit and increased resolution. NexOptic's AI drastically reduces image noise and motion blur common in poor lighting imaging environments utilizing algorithms. In addition to enhancing image quality, NexOptic's AI can be used to improve long-range image stabilization and image capture in otherwise difficult lighting conditions.

Blade Optics refers to NexOptic's lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all the Company's intellectual property and know-how. More information is available at www.nexoptic.com.

Media and Investor Enquiries
Tel: +1 (604) 669-7330 x 202
look@nexoptic.com

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