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   Microcap & Penny StocksNexOptic Technology Corp


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From: togrok11/20/2019 11:21:42 AM
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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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From: togrok12/12/2019 9:31:43 PM
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Consumer Devices Ready to Revolutionize the Optics Industry
Joseph Keller - December 11th, 2019


Improvements in artificial intelligence, chip hardware and camera technology are coming together to offer new optical devices with impressive capabilities.

Increasingly sophisticated camera hardware is becoming more affordable at the consumer level, offering new possibilities to those without technical expertise. This tech is now being married with state-of-the-art artificial intelligence and machine learning software to create new consumer-grade optical products while giving established devices new capabilities.
The average western consumer has had a camera device in their pocket for well over a decade now, and the evolution of that camera over just ten years shows just how far consumer optical technology has come. The iPhone 3GS was released in 2009 and came with a three-megapixel camera capable of shooting at 480p and video at 30 fps. Fast forward ten years and the iPhone 11 now boasts a 12-megapixel camera with optical image stabilization capable of shooting 4k video at up to 60 fps. Today’s consumer-level smartphone cameras are now capable of rivaling some of the professional-grade equipment from a decade ago. Small-sized high-quality camera components can now be mass-produced at a low enough cost to put a high-quality camera in the average consumer’s hand.

Improvements in camera technology are pushing the optics industry forward, creating new devices with impressive visual capabilities.

Increasingly sophisticated camera hardware is becoming more affordable at the consumer level, offering new possibilities to those without technical expertise. This tech is now being married with state-of-the-art artificial intelligence and machine learning software to create new consumer-grade optical products while giving established devices new capabilities.

The average western consumer has had a camera device in their pocket for well over a decade now, and the evolution of that camera over just ten years shows just how far consumer optical technology has come. The iPhone 3GS was released in 2009 and came with a three-megapixel camera capable of shooting at 480p and video at 30 fps. Fast forward ten years and the iPhone 11 now boasts a 12-megapixel camera with optical image stabilization capable of shooting 4k video at up to 60 fps. Today’s consumer-level smartphone cameras are now capable of rivaling some of the professional-grade equipment from a decade ago. Small-sized high-quality camera components can now be mass-produced at a low enough cost to put a high-quality camera in the average consumer’s hand.

NexOptic Technology Corp. (TSXV: NXO, OTCQB:NXOPF, FWB:E3O1) plans to rapidly change the face of the growing multi-billion-dollar optics industry. Send me an Investor Kit
Improvements in camera technology have not been confined to smartphones. The development of low-cost, high-quality camera hardware has enabled the proliferation of dedicated special-purpose camera devices like the GoPro, 360-degree cameras like the Orbi and a variety of camera-mounted drones. Outside of the photography realm, increasingly sophisticated digital optical devices are being integrated into gaming devices, automobiles and more.

The evolution of consumer-grade camera hardware is only half of the story for digital optic innovation. Manufacturers can outfit their devices with increasingly high-quality lenses and sensors, however, these upgrades inevitably hit a point of diminishing returns. A traditional camera simply captures an image and leaves it up to a human viewer to interpret what the image shows, but an AI-driven device is able to analyze and interpret visual data from that photograph. Artificial intelligence is now capable of processing and re-organizing the visual data it receives, presenting a quality photo that was previously technologically impossible.

Camera technology incorporating AI Google (NASDAQ: GOOGL), unsurprisingly, has been at the forefront of artificial intelligence and digital optics development. In 2018 with the launch of the company’s Pixel 3 phone, Google debuted ‘Night Sight,’ a camera mode that allows users to take perfectly lit photos in almost complete darkness. Google achieved this with a machine learning algorithm that has learned to artificially ‘complete’ images using the available information. The Pixel 4 took this same concept in another direction, using the shaking of the user’s hand when taking photos from long distances to capture multiple angles of a subject. The AI then uses that information to construct a clearer image than the lens and sensor alone would have been able to create.

Canadian technology company NexOptic Technology Corp. (TSXV: NXO, OTCQB:NXOPF, FWB:E3O1) has developed its own artificial intelligence platform called ‘ALLIS’ (Advanced Low Light Imaging System) for shooting high-visibility photos in low-light situations. To shoot a digital photo in low light, the sensor needs to be adjusted to be more sensitive to light, which reduces the sensor’s accuracy and results in a grainy or ‘noisy’ image. The level of sensitivity is referred to as ISO. ALLIS is able to ‘repair’ high-ISO images based on how the AI algorithm interprets what the image should look like. ALLIS can work on small imaging devices like tablets and smartphones. In addition to consumer and professional photography applications, ALLIS could be useful for low-light facial recognition or object classification applications.

NexOptic intends to integrate ALLIS into future versions of its own unique consumer-grade optical device, DoubleTake. The company’s DoubleTake device combines the long-range video and photography capability of a DSLR camera outfitted with a telephoto lens, with the usability of a smartphone camera. The device features an array of lenses (not unlike those within a telescope, but much smaller) to create a focal length equivalent to 423 millimeters, combined with AI image correction to capture 4K video from a long distance. Rather than using a viewfinder, DoubleTake features a smartphone-like touch screen interface and can also be cast in real-time to smartphones and other mobile devices. NexOptic plans to launch the DoubleTake in early 2020 for a price in the neighborhood of US$1500, making the device competitive in price with traditional telephoto lenses for DSLR cameras.

“One of our core objectives is to become a major fixture in the growing sports optics and sports camera markets,” said NexOptic Technology Corp. Chairman Rich 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.”

The greater quality and lower cost of high-quality optical components are allowing for the invention of new and unique optical products. 360-degree cameras are already widely available, and product developers are searching for new and unique applications for the technology for niche markets. Consumer technology company Orbi Prime, for example, has developed 360 camera tech into a pair of sunglasses that act as a hands-free camera. Orbi has also taken the same concept and put it into a football helmet capable of giving fans a 360-degree view of on-field action.

Beyond photography, one of the clearer applications for AI smart cameras is in the world of home and business security. A security camera equipped with AI software could be used to apply facial recognition to identify when someone other than the occupant enters the premises, or it could warn a shop owner when a person previously identified as a shoplifter enters a store. Beyond facial recognition, smart camera AI systems can be taught to identify signs of suspicious behavior and alert home or business owners accordingly. This type of functionality is already being integrated into consumer-grade security systems. Security technology companies like Axis Communications see AI functionality as a big part of the future of security and are working to develop surveillance systems that utilize this technology.

Takeaway Consumer optical devices can now do more than ever before. Artificial intelligence, in particular, is allowing product developers to get more out of camera sensors so that these devices become more than the sum of their parts. As high-quality optical devices become more accessible for the average consumer, there’s more room for innovative technology companies to develop unique and groundbreaking products.

investingnews.com

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From: togrok1/6/2020 1:14:06 PM
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NexOptic Director Braun Resigns to Join JPL Executive Team; And Corporate Update December 24, 2019

Vancouver, Canada – December 24, 2019 - NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) wishes to thank as well as congratulate Bobby Braun, who is resigning from all of his for-profit board appointments in order to join the executive leadership team at NASA's Jet Propulsion Laboratory in January 2020.

“Our Board and our Company have benefited greatly from Bobby’s experience, his leadership, and his passion for innovation and technology,” said NexOptic Chairman Rich Geruson. “We wish him the very best at JPL.”

Braun served on NexOptic’s Board since June 2018; his resignation is effective today.

"The coming year is the right time for me to get back into aerospace, my first true passion," said Braun. “I’m grateful to my colleagues on NexOptic’s Board and remain excited about the next chapters at NexOptic.”

Advancements made to NexOptic’s DoubleTake™ primary lens within the past eight months are significant. Engineered with a circular aperture, the upgraded patent-pending lens that we announced August 27, 2019 is of comparable size yet substantially outperforms the project’s previous lens, is more cost-effective, more reliable, and it is now made without plastic components.

The Company sees its economic future not only in the multi-award winning DoubleTake, but in a succession of high-quality consumer imaging products. Equally, it sees its future profit-making potential in its patent-pending artificial intelligence offerings for imaging.

NexOptic will debut DoubleTake at CES Unveiled Las Vegas on January 5, where members of the global tech media will be the first in the world to experience DoubleTake. DoubleTake will then be showcased at the Consumer Electronics Show, from January 7-10, also in Las Vegas, Nevada.

Non-Cash Impairment Charge

The Company announces that it has determined not to make further investments or pursue its initial square aperture and prism lens designs after reviewing the costs, benefits, and feasibility of commercializing such technology. Such technology comprised NexOptic’s initial technology, which the Company acquired in 2017. In terms of quality, performance, manufacturability, and cost, NexOptic’s latest lens offerings are far more desirable to consumers and industry partners alike. The Company has determined to focus its efforts on its core DoubleTake system as well as its artificial intelligence and software capabilities. As a result, the Company expects to recognize a non-cash impairment charge of approximately $45 million against its 2019 year-end financial statements in relation to the patent acquired in 2017. NexOptic continues to move forward with its immediate and long-term strategy, advancing its core existing lens systems and expanding its portfolio of patent-pending lenses and artificial intelligence technologies.

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.

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. Besides enhancing image quality, NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. More information is available at www.nexoptic.com.

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From: togrok1/6/2020 1:15:32 PM
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NexOptic Debuts DoubleTake™ with Innovative New Lens at CES Unveiled 2020, Las Vegas Jan 6, 2019

Vancouver, Canada – January 6, 2019 - NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced that DoubleTake™, with its innovative new lens design, made its successful debut yesterday at CES Unveiled, the official media event of the Consumer Electronics Show (CES) 2020 in Las Vegas, Nevada.

Global tech journalists were among the first in the world to experience the award-winning DoubleTake and its innovative 10X optical and 2.5X optical lens systems. DoubleTake uniquely can change perspectives instantly, which can then be photographed or videoed, and shared with one touch Social Media upload. The large, high-resolution screen means that spectacular views can be enjoyed alone or with family and friends.

“The great outdoors or a rock concert are better suited than a Las Vegas conference hall to showcase DoubleTake’s exceptional imaging quality and ruggedness, but we’re thrilled to unveil this product anywhere,” said NexOptic’s CEO, Paul McKenzie. “We’re excited to get DoubleTake into the hands of as many of the world’s adventurers, photographers, and travelers as quickly as we can.”

Piggybacking on the production steps required to deliver DoubleTake prototypes on time for CES 2020 means that high-volume assembly initiatives are also nearing completion. Tooling for DoubleTake’s major components is finished, including its new patent-pending 10X optical lens with circular aperture. Bulk ordering of next generation image sensors and DSPs is also underway. Production initiatives will increase in line with image tuning, quality assurances and product testing.

Water and shock resistant, DoubleTake also features a proprietary algorithm that controls auto focus with manual focus override for more specific compositions. Images and 4k video can be stored on the micro SD card or in the cloud via NexOptic’s Smart Phone app. The app includes a comments section, GPS tracking, weather details, and image caching along with Social Media upload. The rugged design incorporates an IP 67 waterproof housing, waterproof power connection, and waterproof access hatches.

NexOptic remains in Las Vegas for CES 2020, which starts Tuesday and continues through Friday. In addition to DoubleTake, NexOptic is highlighting ALLIS™ (Advanced Low Light Imaging Systems), its artificial intelligence offerings.

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 to the public, 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.

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. Besides enhancing image quality, NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. More information is available at www.nexoptic.com.

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From: togrok1/16/2020 11:03:42 AM
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NexOptic’s ALLIS and DoubleTake Shine at CES 2020 DoubleTakeTM selected amongst the best products at CES by The Paley Center;

NexOptic anticipates closing strategic partnerships for ALLIS™ beginning Q1

January 16, 2020

Vancouver, Canada – January 16, 2020 - NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced that its patent-pending artificial intelligence offering, ALLIS™ (“Advanced Low Light Imaging Solution”) attracted significant attention from a number of multinational imaging and semiconductor companies during private meetings at CES 2020 in Las Vegas. NexOptic anticipates closing strategic partnerships with several of these organizations beginning in Q1 of this year.

The Paley Center for Media also short-listed DoubleTake™ among the 13 best products at this year’s CES, and Forbes selected DoubleTake as one of the “Five Coolest Travel Gadgets at CES 2020.”

The Paley Center will include DoubleTake in its selection of the best products from CES 2020 to share at its exclusive members and invited guests-only event in New York on Thursday, January 16. NexOptic team members will be on-hand to introduce the award-winning product to media and key industry executives.

“The industry’s enthusiastic reception for ALLIS at CES confirmed our expectations for this ground-breaking AI and justified all the hard work of our developers and team,” said Paul McKenzie, CEO of NexOptic. “We look forward to sharing more news soon on the AI front, and we are also currently negotiating distribution and marketing agreements for DoubleTake.”

Founded in 1975, The Paley Center for Media has become an American cultural institution. They’re dedicated to the discussions of the cultural, creative, and social significance of TV, radio, and emerging platforms for the professional community and media-interested public.

Click here to read more on Forbes’ five coolest travel gadgets.

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From: togrok4/3/2020 5:25:15 PM
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NexOptic Introduces ALIIS™
Vancouver, Canada – March 31, 2020 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) today introduced All Light Intelligent Imaging Solutions (ALIIS™). This new artificial intelligence technology replaces Advanced Low Light Imaging Solution (ALLIS™) thanks to significant upgrades and added functionality.

ALIIS: Program Expanding for “All Light”

The new All Light™ solution suite is the result of significant re-engineering of NexOptic’s proprietary machine learning algorithms to encompass virtually all light environments and enable super high-resolution functionality.

ALIIS pushes the limits of traditional imaging in all lighting conditions, adding substantial value to all camera users. Key benefits include:

  • Works with any sensor for images and video
  • Learns and embeds the camera’s optimal light profile
  • Executes on edge processing at a fraction of a second
  • Enables faster shutter speeds
  • Increases resolution and sharpness
  • Reduces image-noise and motion-blur
  • Improves image color and detail
  • Reduces file size and bandwidth dramatically for storage or streaming
Critically, ALIIS also improves downstream applications such as facial recognition, object detection, and visual mapping. ALIIS benefits apply to many markets, including mobile, automotive, health care, manufacturing, streaming, storage, and security.

“Our path to commercialization remains clear; align with major industry players now, and grow our AI portfolio to meet market demand,” said Rich Geruson, NexOptic’s Chairman. “Though delayed, we will be announcing strategic partnerships in coming weeks.”

DoubleTake Production on Hold

Considering supply chain challenges around manufacturing and uncertainty in consumer demand resulting from the COVID-19 pandemic, NexOptic has decided to temporarily postpone the commercial launch of DoubleTake, its revolutionary and award-winning sport-optics device. As our global community experiences unprecedented challenges during this uncertain period, we thank you for your continued support. On behalf of the entire NexOptic team, we wish you and your family good health.

About ALIIS

ALIIS (All Light Intelligent Imaging Solutions) is a machine-learning AI suite providing instant enhancement to images and videos. These patent-pending solutions can be integrated with imaging devices large and small such as smartphones, smart security cameras, Internet of Things (IoT) devices, automotive platforms, medical imaging, and DSLR cameras. ALIIS also compresses data, significantly reducing media file sizes, making it highly beneficial for storing and transmitting image data. Learn more at nexoptic.com

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From: togrok4/6/2020 2:56:53 AM
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NexOptic Technology Corp is thrilled to announce its original Low Light Artificial Intelligence "ALLIS™" has won second place at the 2020 Edison Awards under the "Sensory Enhancements" category. Since the application process, the NexOptic team has been working intensely, primarily from their homes, to successfully re engineer, and completely upgrade the artificial intelligence suite to encompass All Light™ environments. Now called ALIIS™: All Light Intelligent Imaging Solutions.

We are pleased with this accomplishment and are excited about the future of NexOptic and our innovative AI.

We hope you and your family are safe during these unprecedented times.

Yours Truly,
The Entire NexOptic Team

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From: togrok4/20/2020 1:06:21 PM
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NexOptic Joins Qualcomm Platform Solutions Ecosystem - Collaboration with a Global Semiconductor Leader
- Enables Easier and Faster Integration of ALIIS AI Software with Device Makers
- Qualcomm® Snapdragon™ Mobile Platforms are Widely Used by Smartphone Manufacturers Worldwide April 20, 2020

Vancouver, Canada – April 20, 2020 - NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and Artificial Intelligence (AI), is pleased to announce that it has been selected to join the Qualcomm® Platform Solutions Ecosystem. Joint initiatives have already begun, optimizing ALIIS for select Qualcomm® Snapdragon™ mobile platforms with support from Qualcomm Technologies’ AI and camera solution experts.

Qualcomm Technologies, Inc. is the world’s leading wireless technology innovator and a driving force behind the development, launch, and expansion of 5G.

“I’m pleased with the level of enthusiasm shown by both sides during the formalization of our collaboration,” said Rich Geruson, Chairman of NexOptic. “Working with a global semiconductor leader like Qualcomm Technologies is a big achievement and the most efficient way for NexOptic to gain a major foothold in the mobile industry.”

While NexOptic and each original equipment manufacturer (OEM) retains control over the choice to license this technology, the optimized version of ALIIS will significantly reduce the integration cost to device makers making it easier and faster to implement NexOptic’s state-of-the-art solutions on Snapdragon-based commercial devices. In the future, global OEMs requiring premium imaging enhancement will have direct access to NexOptic’s industry-leading machine learning imaging solutions optimized for use on select Snapdragon mobile platforms.

For more information on the Qualcomm Platform Solutions Ecosystem, please visit qualcomm.com

About ALIIS™

ALIIS™ (All Light Intelligent Imaging Solutions) delivers superior all light performance by learning a camera profile and optimally enhancing images and video in a fraction of a second using edge processing. The result is superior resolution and sharpness, dramatic reductions to image noise and motion-blur, noticeable enhancements to long-range image stabilization by enabling faster shutter speeds, and significantly reduced file and bandwidth requirements for storage or streaming applications.

Critically, ALIIS also improves downstream applications such as computational imaging, facial recognition, and object detection, and as a result has broad market applicability for Smart Security, autonomous vehicles, and other AI applications. NexOptic will continue to grow and develop ALIIS’s offerings, bringing modern in-demand features to key markets.

Learn more at nexoptic.com

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From: togrok5/25/2020 11:45:55 AM
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NexOptic Enters Agreements with Significant Shareholder - Voting Support with Restrictions to Disposing of Shares
- Assignment of Incentive Rights to NexOptic
- Indemnity and Settlement Agreements May 25, 2020

Vancouver, Canada – May 25, 2020 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and Artificial Intelligence (AI), is pleased to announce that it has entered into three separate agreements with significant shareholder 3DB, Inc. (“3DB”), a private Alberta company.

The agreements include a voting support agreement (the “Support Agreement”), a custodial and rights agreement, (the “Rights Agreement”), and a release, indemnity and settlement agreement, (“the Settlement Agreements”), all effective as of May 15, 2020.

The Support Agreement sets forth certain restrictions on the manner and volume of the Company’s shares that 3DB may dispose during the term of the Support Agreement, being the lesser of 25,000 shares or 10% of the aggregate trading volume on the TSX Venture Exchange on the prior trading day and, in the case of a “block trade,” may not complete such sales as would result in the acquiror, together with all joint actors thereof, holding more than 2.0% of the issued and outstanding common shares or at a price less than the discounted market price (as such term is defined in the TSX Venture Exchange Corporate Finance Manual).

Further, 3DB and each of John and Darcy Daugela have agreed to vote with all recommendations of the Company with certain non-obligatory exceptions. The Support Agreement is for a period of three years and may be terminated by 3DB earlier in certain events including the issuance of a cease trade order for a period of more than 60 trading days in any 12-month period, the Company’s common shares cease to be listed on a recognized stock exchange in Canada or a default in the settlement agreements described below. A copy of the Support Agreement will be filed on NexOptic’s SEDAR profile at www.sedar.com.

The Rights Agreement is entered into with NexOptic’s transfer agent, Computershare Trust Company of Canada (“Computershare”), as custodial agent whereby 3DB has deposited 8.0 million shares of the Company held by Computershare and has agreed that the Company may issue “incentive rights” (the “Rights”) to acquire such shares to such persons as the Company designates at an exercise price equal to the greater of $0.25 per share or average closing price of the Company’s shares for the five days preceding the issuance of the incentive right. The Rights Agreement has an overall seven-year term (the “Term”). The overall number of Rights the Company may issue is unlimited, provided that the aggregate number of Right issued and outstanding or exercised during the Term may not exceed the 8.0 million shares so deposited. Any shares remaining deposited with Computershare at the end of the Term will be returned to 3DB. 3DB will retain voting rights and all dividends associated with the deposited shares and is permitted to tender such shares in a business combination. The Rights will be non-transferable and will expire on the earlier of the expiry date fixed by the Company at the time of issuance, the end of the Term or within a specified time of the recipient of the Rights ceasing to be an “eligible person” as defined in the Rights Agreement. A copy of the Rights Agreement will be filed on the Company’s SEDAR profile at www.sedar.com.

Finally, the release, indemnity and settlement agreements (the “Settlement Agreements” and together with the Rights Agreement and the Support Agreement, the “Agreements”) with each of John and Darcy Daugela in respect of the employment agreements entered into by the Daugelas with the Company dated December 1, 2017. The Settlement Agreements provide for mutual releases and indemnities between the parties in consideration of the payment of severance to the Daugela’s monthly over a 36-month period. The payments are to be offset, subject to adjustment for proceeds of sales of Company’s securities as held by 3DB.

As 3DB is a control person of the Company, the Agreements and the transactions contemplated thereby constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the consideration in the Agreements represented less than 25% of the Company’s market capitalization.

As of the time of the execution of the Agreements, 3DB held 40,265,798 common shares, representing 29.2% of the issued and outstanding shares of the Company and a further 2,747,899 warrants, which together with the common shares held representing 30.6% of the Company’s shares on a partially diluted basis assuming the exercise of the warrants held by 3DB only. The Agreements do not immediately impact the holdings of 3DB.

About NexOptic Technology Corp.

NexOptic Technology Corp. (TSXV:NXO, OTCQB:NXOPF, FWB:E3O1) is an innovative imaging start-up. It’s All Light Intelligent Imaging Solutions (“ALIIS™”), is being optimized into the Qualcomm® Platform Solutions Ecosystem for select Qualcomm® Snapdragon™ mobile platforms. NexOptic is also engaged in the development of its revolutionary sports-optic device DoubleTake as well as mobile lens solutions. Learn more 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 impact of the agreements with 3DB. 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 associated with the public markets and the volatility and value of the Company’s common shares, risks associated with the Company’s ability to raise financing; 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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