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   Microcap & Penny StocksNexOptic Technology Corp


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From: togrok2/21/2019 12:16:44 PM
   of 54
 
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 54
 
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 54
 
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 54
 
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
   of 54
 
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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From: togrok3/30/2019 10:51:14 PM
   of 54
 
Live Demo of DoubleTake Narrow Lens

youtube.com

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From: togrok4/10/2019 12:31:09 PM
   of 54
 
NexOptic’s Reimagined Binoculars, DoubleTake™, Wins Edison Gold Award April 9, 2019

Vancouver, Canada – April 9, 2019 - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) is pleased to announce that DoubleTake™, NexOptic’s “Binoculars Reimagined,” was presented the Gold Award for Advanced Image Capture in the Consumer Goods category at the prestigious 2019 Edison Awards™.

Since 1987, the Edison Awards have recognized and honored some of the most innovative new products, services, and business leaders in the world. The award, which grants NexOptic the right to attach an Edison Award Gold Seal to its product, was presented in a gala ceremony in New York on April 4.

NexOptic’s reimagined binoculars are a disruptive new consumer product that encapsulates key imaging characteristics of a smartphone, binoculars, and DSLR camera into a compact, rugged, consumer product. DoubleTake is designed to transform and enhance the traditional solo-user binocular experience into a powerful sharing experience.

The award was the latest in a series of high-profile recognitions for NexOptic’s technology. GearJunkie also recently awarded 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. Over the past year, NexOptic has grown its suite of optical innovations to include artificial intelligence (AI), which is generating enthusiastic attention from the mobile device industry for its outstanding performance in low-light conditions and in reducing motion blur.

About DoubleTake

DoubleTake is NexOptic’s ground-breaking reimagining of binoculars. Powered by a 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 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.

About the Edison Best New Product Awards
The Edison Best New Product Awards™ is an annual competition honoring excellence in new product and service development, marketing, human-centered design, and innovation. The competition is open to as many as 7,000 innovative organizations across the globe during each nominating season. The 2019 Edison Award Finalists were selected globally from today’s smartest innovations and brightest advancements across 15 distinct categories. 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 leading Fortune 500 companies, such as Apple, Microsoft, and FitBit.

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

TSX-V: NXO
OTCQX: NXOPF
Frankfurt: E3O1

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From: togrok4/24/2019 10:11:00 AM
   of 54
 
NexOptic Appoints Rich Geruson as Chairman and Paul McKenzie as CEO

Published: Apr 24, 2019 9:00 a.m. ET

VANCOUVER, Apr 24, 2019 (Canada NewsWire via COMTEX) -- NexOptic Technology Corp. ("NexOptic" or the "Company") (NXO) (otcqx:NXOPF) (frankfurt:E3O1) announced today that NexOptic Director, Rich Geruson, former Chief Executive Officer of Lexmark International Inc., has been appointed Chairman of the Company and that NexOptic co-Founder and President, Paul McKenzie, has been appointed CEO.

Mr. Geruson has rapidly grown several technology companies large and small. His experience spans CEO roles at Lexmark, Phoenix Technologies, and VoiceSignal Technologies, and Senior Vice President and executive positions at Nokia, IBM, Toshiba, and McKinsey & Co.

As CEO of Lexmark, 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.

As 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, yielding more than a 10-fold increase in shareholder value and culminating in the sale of the company for 12 times revenue.

At Nokia, he propelled the business from fifth-place market share to first-place in the U.S., and first-place in the world for the first time in its history, catapulting the stock price to more than a seven-fold increase in less than three years. As one of the youngest Vice-President/General Managers in IBM history, he grew IBM's networking business by launching indirect channels worldwide, expanding sales over 50 percent. As VP at Toshiba, he realigned product design, propelling the notebook business from fifth place to the top position.Mr. McKenzie is a co-Founder of NexOptic and was its founding CEO until November 2017. He has extensive experience successfully managing and financing publicly-traded companies and has managed operations globally for several companies in the capacity of CEO, CFO, and President. He has successfully negotiated joint-venture and alliance partnerships with companies with market-capitalizations exceeding $20 billion.

Mr. Geruson and Mr. McKenzie replace NexOptic co-Founders Darcy and John Daugela ("the Daugelas") who held the positions of Chairman and CEO respectively since November 2017. Going forward, Darcy Daugela will be VP of Technology Development and John Daugela will be VP of Business Development. Neither of the Daugelas remains on the Company's Board of Directors. NexOptic is grateful to the Daugelas, who have been instrumental in creating and advancing the Company's technologies, and looks forward to their continued involvement with the Company.

"NexOptic's lens technology has the potential to redraw the competitive landscape in the binocular industry, and we expect our artificial intelligence (AI) to have a profound positive impact on imaging in everything from smartphones to drones," Mr. Geruson said. "I would like to thank Darcy and John for their visionary work to date, and I'm proud to be working with them and the rest of the NexOptic team to get these technologies into consumers' hands."

"I'd also like to thank Paul for taking on his new responsibilities as CEO," Mr. Geruson said. "Paul is uniquely qualified to lead NexOptic at this stage of the Company's evolution. His broad experience in leading public companies as they pivot from product development to growth will be invaluable."

DoubleTakeTM, NexOptic's "Binoculars Reimagined," recently received the Gold Award for Advanced Image Capture in the Consumer Goods category at the prestigious 2019 Edison AwardsTM. DoubleTake encapsulates key imaging characteristics of a smartphone, binoculars, and DSLR camera into a compact, rugged consumer product.

The Edison award was the latest in a series of recognitions for NexOptic's technology. GearJunkie also recently awarded 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.

Over the past year, NexOptic has grown its suite of optical innovations to include AI, which is generating enthusiastic interest from the mobile device industry for its outstanding performance in low-light conditions and in reducing motion blur.

"We look forward to sharing in coming weeks the specifics on the production and marketing path for DoubleTake, which we expect to deliver to consumers later this year," Mr. McKenzie said. "This is a very exciting period for NexOptic, and we look forward to executing on our growth strategy and creating value for all our shareholders."

The Company also reports that NexOptic Director, Ms. Karen Fleming, has taken a medical leave of absence from the Company.

In forthcoming news releases, the Company will be outlining specifics on the production and marketing path for DoubleTake. NexOptic will also be updating shareholders on recent advancements and business developments it has made to its artificial intelligence offerings as well as updates on its smartphone lenses.

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 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. 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.

TSX-V: NXO OTCQX: NXOPF Frankfurt: E3O1

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From: togrok5/8/2019 10:18:53 AM
   of 54
 
NexOptic Introduces ALLIS™, Providing Remarkable AI Solutions to Imaging May 08, 2019

Vancouver, Canada – May 8, 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) reports that it has made significant advancements to its cutting-edge Artificial Intelligence (“NexOptic AI” or “AI”) imaging solution.

NexOptic’s Advanced Low Light Imaging Solution (“ALLIS”) provides immediate solutions to problems that have plagued the imaging industry for decades. NexOptic’s engineered AI drastically reduces image noise common to all imaging systems while improving performance in low light conditions. This is accomplished with NexOptic’s expanding suite of patent-pending, deep learning algorithms.

Some of the key benefits of ALLIS include:

  • Superior low-light performance
  • Dramatic reduction in image noise
  • Improved downstream applications (computational imaging, facial recognition)
  • Enhanced long-range image stabilization
  • Major reduction in file sizes
“We are at a watershed moment in the imaging industry, and ALLIS puts us at the forefront of learning-based technology enhancement,” said Rich Geruson, Chairman of NexOptic’s Board of Directors. “Canada, and Edmonton in particular, has become a global hub for ground-breaking AI development, and we are taking full advantage of our geographical location by adding talented new team members to our organization.”

NexOptic’s technology is designed to perform in a variety of lighting conditions, enabling more compact optics with less expensive electronics. This technology also greatly reduces file sizes for compressed media and lowers bandwidth usage during data transmission. NexOptic’s AI improves imaging quality not just for the human eye, but for other companies’ applications, such as facial recognition or object classification, and could become a critical component of the AI infrastructure of tomorrow.

NexOptic has increased its capacity to develop leading solutions with the recent commissioning of its AI lab in Edmonton. The region is home to top AI companies, such as Google’s Deepmind, and has garnered financial and other support from both the Canadian and Alberta governments. Due to growing industry interest, the company continues to expand its AI operations and is adding new members to its team.

“AI is already part of our daily lives and will continue to grow and shape every aspect of our society; imaging systems are no exception,” said Kevin Gordon, who heads NexOptic’s AI division. “NexOptic offers an industry-leading low-light solution and is well positioned to be a formative player in the imaging systems of tomorrow.”

NexOptic is in advanced discussions with several companies representing a variety of imaging markets that could greatly benefit from ALLIS. In forthcoming news releases, the Company will outline the specifics of its commercialization plans for ALLIS as well as details of its planned path to production of DoubleTake™, its multiple award-winning, reimagined binoculars.

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 preparing to 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 to commercialize 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 resolution. NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. 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

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: togrok5/28/2019 10:06:00 AM
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NexOptic Prepares for DoubleTake™ Production May 28, 2019

Vancouver, Canada – May 28, 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) announced today that it expects to have DoubleTake™, its multi-award-winning reimagined binoculars, available for consumers in limited release before the end of 2019.

The tooling process is already underway, and the production plan remains on track to deliver DoubleTake in the fourth quarter. Rich Geruson, NexOptic's Chairman, recently completed site visits with key manufacturing partners and component suppliers.

"I've had the opportunity to meet our suppliers and see the development progress firsthand," Mr. Geruson said. "It's extraordinarily rewarding to witness the culmination of so much imagination, innovation and hard work, and to help get it over the goal line."

An exciting new DoubleTake feature is the inclusion of an onboard GPS system. Utilizing latest generation GPS technology, this enhancement won't add any size or weight. GPS data can be saved as an imprint on images and real-time on the viewing screen. GPS data is user-selectable in either mode.

"The key components we've selected for DoubleTake are the result of consistent consumer feedback," said Paul McKenzie, NexOptic's CEO. "Incorporating these features will better ensure strong consumer demand when we launch later this year."

The DoubleTake app is also seeing significant enhancements. Key features include:

  • Live stream images visible anywhere in the world
  • Full remote control and viewfinder from phone
  • Route and image location mapping with GPS waypoints
  • Date, time, weather, moon phase, wind condition records
  • Image notes
  • One-touch sharing to social media
  • Cloud storage
  • Filter and retrieve images via any major datapoint
DoubleTake's rugged design and unique app functionality are engineered to bring disruptive new capabilities to the sports optics industry. ReportLinker expects the category, which includes cameras, binoculars, and sport scopes, to experience significant growth from 2019 to 2024.

"One of our core objectives is to become a major fixture in the growing sports optics and sports camera markets," said Mr. Geruson. "The interest in DoubleTake continues to grow even before consumers have had a chance to experience it for themselves. I'm excited to get DoubleTake to them in the nearest timeline possible."

DoubleTake has the focal length of a telescope encased within a small, elegant, yet remarkably robust package. "From the endzone of a football field, DoubleTake will easily detect a toothpick at the 50-yardline," said Kerri McTaggart, NexOptic's Marketing Manager. "Even when applying 40X digital zoom or greater, the resolution will be unprecedented for a device of this size."

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 preparing to 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 to commercialize 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 that 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 environments. 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

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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