VANCOUVER, Oct. 30, 2018 /PRNewswire/ – NexOptic Technology Corp. (“NexOptic” or the “Company”)(TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) is pleased to announce that it has developed and continues to refine cutting-edge artificial intelligence networks (‘AI’) for photography. NexOptic’s engineered AI drastically reduces image noise and motion blur common in poor lighting imaging environments by leveraging deep convolutional neural networks. In addition to enhancing image quality, this technology could be used to improve long-range image stabilization and image capture in extreme lighting conditions. NexOptic believes that this technology will have significant commercial applications in a number of industry verticals, and has the potential to be incorporated into its current sports optics and smartphone lens offerings. Results of NexOptic’s AI will soon be available for viewing on the company’s website.
Darcy Daugela, P.Eng. and Chairman of NexOptic stated, “We have long believed that the future of imaging lies in the harmony between disruptive optics and innovative software.” He continued, “Not only does this technology expand the potential applications of our existing long-range imaging capabilities, but it presents new opportunities throughout the broader imaging industry, as this technology can be applied to virtually any imaging system.”
NexOptic Retains Market-Making Services
NexOptic also announced that subject to the approval of the TSX Venture Exchange, it has retained Venture Liquidity Providers Inc. (VLP) of Toronto to initiate market-making services. Their services will be undertaken through registered broker, W.D. Latimer Co. Ltd., in accordance with TSX-V policies. NexOptic will pay VLP CAD $5,000 per month for a period of six (6) months with month-to-month services thereafter. The agreement may be terminated at any time by either the Company or VLP. NexOptic and VLP act at arm’s length, and VLP will not receive any common shares or options as compensation; however, VLP and its clients may acquire a direct interest in NexOptic’s securities.
About NexOptic Technology Corp.
NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. The Company is engineering its first consumer product for the growing outdoor recreation market, as well as refining its demonstration lens prototype for smartphones and has created cutting-edge artificial intelligence that significantly reduces image noise and motion blur common in poor lighting imaging environments.
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 greatly increased resolution. Blade Optics™ refers to NexOptic’s lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company’s intellectual property and know-how.
NexOptic trades on the TSX Venture as “NXO”, on the OTCQX under the symbol “NXOPF”, and on Frankfurt as “E3O1”. More information is available at www.nexoptic.com.