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   Microcap & Penny StocksNexOptic Technology Corp


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From: togrok4/24/2019 10:11:00 AM
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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
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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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From: togrok6/13/2019 12:34:15 AM
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NexOptic Announces Private Placement June 12, 2019

Vancouver, Canada – June 12 , 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) announces a non-brokered private placement (the "Offering"), generating aggregate gross proceeds of approximately $2,950,000, through the issuance of approximately 7,190,000 units (each a "Unit") at $0.41 per Unit.

Each Unit entitles the holder to receive one common share of the Company (each a "Common Share") plus one share purchase warrant (each a "Warrant"), entitling the holder to acquire one common share of the Company at an exercise price of $0.60 per share for a period of 18 months, subject to accelerated expiry provisions whereby in the event the closing price of the Company's common shares exceeds $1.00 per share for a period of 10 consecutive trading days, at the Company's election, the 18-month period within which the Warrants are exercisable will be reduced and the holders of the Warrants will be entitled to exercise their Warrants for a period of 30 days, commencing on the day the Company provides notice of same.

The Company intends to pay cash commission of up to 7.0% of gross proceeds and issue broker warrants equal in number to up to 7.0% of the number of Units sold, payable to registrants. Each broker warrant shall have the same terms as the Warrants.

The Company also intends to complete a portion of the Offering pursuant to Multilateral CSA Notice 45-318 Prospectus Exemption for Certain Distributions through an Investment Dealer ("CSA 45-318") and the corresponding instruments, orders, and rules implementing CSA 45-318 in the participating jurisdictions (collectively with CSA 45-318, the "Investment Dealer Exemption"). In addition to conducting the Offering pursuant to the Investment Dealer Exemption, the Company will also accept subscriptions for Units where other prospectus exemptions are available.

In accordance with the Investment Dealer Exemption, the Company advises that, as of the date hereof, there is no material fact or material change in respect of the Company that has not been generally disclosed. Additionally, the Company advises that there is no minimum number of Units being offered pursuant to the Offering.

Net proceeds of this Offering will be used to fund the continuation of the manufacturing initiatives of DoubleTake™ (40%), the advancement and commercialization of the Company's artificial intelligence offerings (ALLIS™) (30%), and the advancement and commercialization initiatives of NexOptic's lenses for smartphones (30%) and for general working capital.

All securities distributed pursuant to the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. Closing of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

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.

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: togrok6/17/2019 9:10:37 PM
   of 75
 
NexOptic Closes Private Placement June 17, 2019

Vancouver, Canada – June 17, 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) announces the closing of its non-brokered private placement (the "Placement") previously announced on June 12, 2019. The Placement consists of an aggregate of 7,531,449 Units generating gross proceeds of $3,087,894.50 closed in two tranches on June 14, 2019 and June 17, 2019.

Net proceeds are being used to manufacture and market DoubleTake™, to advance and commercialize the Company's artificial intelligence offerings (ALLIS™), and to advance and commercialize NexOptic's lenses for smartphones, and for general working capital.

The Unit comprised one common share of the Company plus one share purchase warrant, entitling the holder to acquire one common share of the Company at an exercise price of $0.60 per share for a period of 18 months from issuance, subject to accelerated expiry provisions whereby in the event the closing price of the Company's common shares exceeds $1.00 per share for a period of 10 consecutive trading days, at the Company's election, the 18-month period within which the warrants are exercisable will be reduced, and the holders of the warrants will be entitled to exercise their warrants for a period of 30 days, commencing on the day the company provides notice of same.

Finder's fees of 7% cash (or shares at the offering price) and 7% broker warrants (having the same terms as those issued in the Placement) were paid on some portions of the Placement to Canaccord Genuity Corp., PI Financial Corp., Haywood Securities Inc., and Mackie Research Capital Corp. totalling $76,885.87 in cash, $52,836.70 paid through the issuance of 128,870 shares plus an aggregate of 316,397broker warrants.

All securities distributed pursuant to the Offering will be subject to a statutory hold period ending on October 15,2019 or October 18, 2019, as the case may be. A portion of the Placement was completed pursuant to Multilateral CSA Notice 45-318.

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 DoubleTake, its multi-award winning, reimagined binoculars designed 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 its 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 to improve diffraction-limits and resolution. NexOptic's AI drastically reduces image noise and motion blur common in poor lighting environments. Besides 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: togrok8/27/2019 2:15:57 PM
   of 75
 
DoubleTake™ Production Update August 27, 2019

Vancouver, Canada – August 27, 2019 NexOptic Technology Corp. (“NexOptic”or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced today that final design upgrades have been made to DoubleTake™, its multi-award-winning binoculars, and production of key components is now underway.

Staying true to NexOptic’s goal of creating the world’s most innovative imaging products, DoubleTake’s upgrades include a significant enhancement to its primary lens, which will now be built without any plastic lens components and will contain extra-low dispersion optical glass.

“DoubleTake’s upgraded lens ensures that we will better meet the stringent requirements of today’s outdoor adventurers, live sports fans, and discerning photographers,” said Rich Geruson, Chairman of NexOptic. “Our new precision, high-magnification lens enables brilliant, bright images, high contrast color reproduction, and high detail resolution without increasing size or affecting magnification capabilities.”

Other enhancements to DoubleTake include:

  • The rugged, water resistant housing has been redesigned to accommodate a new, changeable/rechargeable custom NexOptic battery without increasing its dimensions.
  • NexOptic batteries can be recharged while the device is stationary, in use, or in a NexOptic charging station.
  • A lens hood has been created to ensure screen shade under bright light.
  • The viewing screen is approximately 20% brighter; the new screen design is complete and tooling for it has commenced.
  • Grip ergonomics have been improved.
A line of product-enhancing accessories will also be made available to consumers when DoubleTake launches later this year. This includes travel accessories, custom battery chargers, and more. These product upgrades and accessories are a result of NexOptic’s ongoing proactive outreach to, and feedback from, consumers.

Manufacturing of the first optical prototypes is underway, after which an initial production run will commence to confirm that NexOptic’s quality standards are being met, and scaled production increases will follow.

To expedite the final stages of DoubleTake’s development, NexOptic collaborated with a US-based project management firm. Its mandate is to oversee all production stages, and, to date, has validated the industrial design, mechanical engineering, electrical engineering, optical engineering, PCB layout, software, firmware, apps, tooling, and packaging.

The firm has extensive experience in manufacturing and photo-electronics as well as strategic insight into various sales and marketing options. In the forthcoming delivery phase, the firm can also cover the completion of all required documents and certifications in addition to final quality control (QC) inspections and acceptance quality level (AQL) standards that are applied to final QC including a full range of functional, environmental, drop testing, and more including: packaging, UPC scan, export documentation, air/ocean forwarding, foreign trade zone and other logistics support to help move finished product to global destinations.

The following features continue to be key components of DoubleTake:

  • Shock and water resistant
  • Full remote control and viewfinder from iOS and Android smartphones
  • Route and image location mapping with GPS waypoints
  • Date, time, weather, moon phase, wind condition records
  • Image notes

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From: togrok9/16/2019 10:57:59 AM
   of 75
 
“Dramatic leaps in NexOptic’s AI,” explains Chairman Rich Geruson, “radically enhances the image processing capability of chips.”

September 16, 2019

Vancouver, Canada – September 16, 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced that it has significantly optimized and broadened its suite of artificial intelligence (“AI”) offerings.

NexOptic’s Advanced Low Light Imaging Solution (“ALLIS™”) drastically reduces image noise problematic to all camera systems. ALLIS’s noise reduction enables real-time correction of images or video taken in otherwise non-optimal lighting conditions, and media files can be streamed or stored more efficiently. Other ALLIS benefits include improvements to downstream applications, such as computational photography and facial recognition.

Since its introduction in May 2019, ALLIS’ capabilities have been improved as follows:

  • A more than 200% reduction to its prior computational requirements
  • An approximate 100 times reduction to its file size
  • A significant increase in the number of ALLIS-enabled image sensors
ALLIS can therefore be deployed into smaller imaging devices such as smartphones, tablets, and security cameras. The quantity of leading image sensors that can already be ALLIS-enabled has grown fivefold. Designed to be compatible with virtually all image sensors, the number of camera systems that could ultimately be ALLIS-enabled is expected to grow exponentially.

The most efficient way for NexOptic to gain a major foothold in the optics industry is to integrate and distribute ALLIS through semiconductor sales. “ALLIS’s increased efficiencies have allowed us to become highly selective in whose semiconductors we will be supporting going forward.” said Rich Geruson, Chairman of NexOptic. “These options should enable NexOptic to receive better industry-wide acceptance of ALLIS.”

In preparation for distribution into consumer and industrial imaging devices, NexOptic has been meeting with leading imaging and AI semiconductor manufacturers. NexOptic will initiate sales directly thereafter and/or partner with select leading semiconductor companies.

NexOptic’s growing AI team is in Edmonton, Alberta and is headed by its VP of AI Technologies, Kevin Gordon. Edmonton is also home to a division of Alphabet’s DeepMind and Amii, the Alberta Machine Intelligence Institute.

“I’m excited about the impressive solutions that NexOptic’s team can now offer to the entire optics industry,” Mr. Gordon said. “Edmonton has become a burgeoning and influential global AI hub, which is why we’ve been able to assemble such a strong team, and we look forward to growing our team and our suite of NexOptic products.”

NexOptic AI will soon be expanding beyond ALLIS and the Company will introduce some of these new AI offerings in forthcoming news releases. All NexOptic AI solutions are patent pending.

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: togrok10/3/2019 1:45:54 AM
   of 75
 
NexOptic to Reprice Warrants October 1, 2019

Vancouver, Canada – October 1, 2019 NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced it intends to amend the terms of certain NexOptic share purchase warrants originally issued on August 24, 2017, as part of a private placement (the “Warrants”). The Warrants expire on February 23, 2020.

The Company wishes to reduce the exercise price of the Warrants from $1.50 to $0.45 subject to the approval of the TSX Venture Exchange. The amendment will require the incorporation of an accelerated expiry provision such that the remaining exercise period of the warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired term of such of the warrants, the closing price of the corporation's common shares exceeds the amended exercise price by 25% or more (which would be a trading price of $0.56 per common share or higher), with the 30-day expiry period commencing on the day the corporation either: (i) disseminates a press release or (ii) sends a written notice to the holders of the warrants, advising of the commencement of the exercise period.

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From: togrok11/20/2019 11:21:42 AM
   of 75
 
NexOptic to Launch DoubleTake™ at CES 2020 in Early January




Discussions with Potential Multi-National Partners for ALLISTM Commercialization Ongoing

Vancouver, Canada – November 20, 2019 – NexOptic Technology Corp. (“NexOptic”or the “Company”)(TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) is pleased to provide the following update regarding DoubleTakeTM, its multi-award winning, reimagined binoculars, as well as NexOptic’s Advanced Low Light Imaging System (“ALLISTM”).

DoubleTake

NexOptic will be premiering fully operational DoubleTake prototypes at the 2020 Consumer Electronics Show (CES) from January 7 to 10 in Las Vegas, with scaled production to begin shortly thereafter. The launch was delayed to accommodate further upgrades to the product. Changes beyond previously announced upgrades include DoubleTake’s primary lens design and the addition of a removable battery.

“You never get a second chance to make a first impression,” said Rich Geruson, NexOptic’s Chairman. “That’s also true when it comes to launching a new product. We made the right decision to take some extra time to fine-tune everything and, with the final major upgrades, I’m confident DoubleTake will impress CES visitors and potential customers.”

DoubleTake’s two image sensors and its Digital Image Processor (“DSP”) have been upgraded to latest-generation offerings from Sony Corp. and Ambarella Inc., enabling more efficient imaging with the added benefit of significantly lower power draws from DoubleTake’s custom battery. The result is a better user experience for photographers and outdoor enthusiasts alike. Production continues on key DoubleTake components in preparation for near term, high-volume assembly. Tooling for DoubleTake’s newly redesigned, patent-pending signature lens, pivotal to the efficiency and uniqueness of the product, is nearing completion.

DoubleTake’s companion app is in its final stages of development. The highly comprehensive app will enhance the user’s experience as well as create unique social integration opportunities for individuals sharing similar interests locally or globally.

Beyond previously released DoubleTake updates, NexOptic has added new features including a manual mode, so experienced users can have complete control of depth of field and other adjustments. An intuitive three-button panel that controls shutter/power, lens switch/mode, and focus +\- replaces the earlier design. Users will have options depending on preference. These features will also be operational from the DoubleTake app.

ALLIS

NexOptic is engaged in ongoing discussions with several large multinational imaging and semiconductor companies interested in pursuing a variety of commercialization and/or collaborative relationships regarding the Company’s Advanced Low Light Imaging System. The Company is encouraged by the interest that ALLIS is receiving and will report to shareholders when any arrangements are formalized.

Milestone testing recently completed by NexOptic’s engineers showed a 430% improvement in success rate when using a leading commercial image classifier. This achievement supports the dramatic impact ALLIS can have on AI systems used ubiquitously in the mobile, security, and automotive industries, especially those specializing in object classification, facial recognition, image segmentation, and other cutting-edge computer vision applications.

With ALLIS, images captured by virtually any image sensor have exceptional reductions in image noise and enhanced overall image quality. The result is measurable improved performance to any imaging system.

ALLIS offers an instant low light solution for mobile and embedded applications; its software suite has been carefully designed for immediate licensing opportunities to OEMs wanting the latest in AI-enabled imaging solutions running on modern semiconductor technologies. ALLIS is patent-pending technology with additional claims being filed as required.

“In these last few weeks, we’ve advanced discussions with several large corporations. We’re now solidifying opportunities for ALLIS’s commercial success,” said Paul McKenzie, CEO of NexOptic.

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 DoubleTake, its multi-award winning, reimagined binoculars designed 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 its innovative mobile lens designs.

Utilizing Blade Optics™, the Company’s developing suite of optical technologies now includes AI, NexOptic can increase aperture sizes within given depth constraints of various imaging applications to improve diffraction-limits and resolution. NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. Besides 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

Email: look@nexoptic.com

nexoptic.com


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From: togrok12/6/2019 12:15:45 PM
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NexOptic Shareholders Support all Resolutions at its Annual and Extraordinary General Meeting December 6, 2019

Vancouver, Canada – December 6, 2019 - NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) reports a total of 381 shareholders voted at the Company’s Annual and Extraordinary General Meeting held on December 3, 2019, showing overwhelming support for all resolutions set by the Company.

“We are grateful for the strong support entrusted to us by NexOptic stakeholders,” said Paul McKenzie, President and CEO. “Our teams have made remarkable progress preparing our artificial intelligence for industry integration. Combined with DoubleTake’s™ upgraded total redesign, we have set the stage for a very promising 2020.”

As previously disclosed on April 24, 2019, NexOptic Director Karen Fleming took a medical leave of absence from the Company. Ms. Fleming subsequently chose to not put herself up for re-election to the Board of Directors at the meeting held December 3rd, 2019.

“We would like to thank Karen for her leadership and the depth of corporate governance experience she has provided to the Board. We wish her the best,” Chairman Rich Gerson said.

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 DoubleTake, its multi-award winning, reimagined binoculars designed 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 its innovative mobile lens designs.

Utilizing Blade Optics™, the Company’s developing suite of optical technologies now includes AI, NexOptic can increase aperture sizes within given depth constraints of various imaging applications to improve diffraction-limits and resolution. NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. Besides 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
Email: look@nexoptic.com

Forward-Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to expectations concerning the development of its sports-optic device and technology, and expected results, specifications, capabilities, and applications thereof. The reader is cautioned that forward- looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates and are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including, among others: risks commonly associated with the development of new technologies, including that the Company’s technology, product designs and prototype are at an early stage and additional work will be required to confirm potential applications and feasibility of its technologies or bring product designs to market; the Company may not be able complete product development as currently expected; potential applications of the Company’s technology are based on limited studies and may not be representative of the broader market; the risk that prototypes and designs may not achieve expected results; the Company may not be able to commercialize its technology; the Company may not be able to source components for its products on a cost-effective basis; the Company may not have access to necessary financing on acceptable terms or at all; pending or future patent applications may not be approved as contemplated or at all; and other risks inherent with technology and product development and the business of the Company. Such forward-looking statements should therefore be construed considering such factors. Other than in accordance with its legal or regulatory obligations, the Company is not under any obligation and it expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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