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NexOptic Edges Closer to Commercialization

Retrieved on: 
Friday, September 8, 2023

NexOptic Technology Corp and Pristine Surgical LLC are in an exclusive SaaS model partnership whereby NexOptic's artificial intelligence (AI) powered imaging technology is licensed for use into Pristine's single-use endoscopic visualization platform called Summit™.

Key Points: 
  • NexOptic Technology Corp and Pristine Surgical LLC are in an exclusive SaaS model partnership whereby NexOptic's artificial intelligence (AI) powered imaging technology is licensed for use into Pristine's single-use endoscopic visualization platform called Summit™.
  • NexOptic's ALIIS™ provides an important AI image enhancement to optimize the surgeon's 4K surgical view.
  • Pristine Surgical anticipates expanding into a broader portfolio of rigid and flexible endoscopes, totaling 125 million procedures worldwide each year.
  • Initial licensing revenues to NexOptic are dependent on the success of Pristine Surgical's sales of Summit.

NexOptic Announces Results from Internal Netflix Benchmark Testing of NexCompress™ LIVE NexCompress™ Demonstration at 1:15 PM PST Today

Retrieved on: 
Tuesday, April 25, 2023

NexOptic also reports that it is hosting a LIVE demonstration of NexCompress™ at 1:15, PST today.

Key Points: 
  • NexOptic also reports that it is hosting a LIVE demonstration of NexCompress™ at 1:15, PST today.
  • The self-serve, private portal is helping to accelerate the number of potential customers that can evaluate NexCompress while reducing load on NexOptic's internal engineering resources.
  • NexOptic used the Netflix Open Source Content, which includes seven studio-quality short films provided by Netflix as a "common reference for prototyping bleeding-edge technologies."
  • "We're excited to announce these impressive results from our internal testing of NexCompress using Netflix's Open Source Content," said Paul McKenzie, CEO of NexOptic.

NexOptic Announces LIVE Demonstration of NexCompress™ AI Video Compression

Retrieved on: 
Wednesday, April 19, 2023

VANCOUVER, BC, April 19, 2023 /PRNewswire/ - ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) is excited to announce a LIVE demonstration of NexCompress™, the company's proprietary AI for video compression.

Key Points: 
  • VANCOUVER, BC, April 19, 2023 /PRNewswire/ - ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) is excited to announce a LIVE demonstration of NexCompress™, the company's proprietary AI for video compression.
  • It is complementary to, and in fact can, supercharge existing CODEC methods currently used by large video streaming companies like Netflix and others.
  • This is an open invitation to all interested parties to join NexOptic's VP of AI Technologies, Kevin Gordon, as NexOptic illustrates the novel data compression capabilities of NexCompress.
  • NexOptic simultaneously influences the imaging and AI industries and is a Preferred Partner in the NVIDIA Partner Network, a member of the Arm® AI Partner Program, and a member of the Qualcomm® Platform Solutions Ecosystem.

NexOptic Technology Corp. Signs MOU with IntroMedic, A Global Capsule Endoscopic Imaging Corporation

Retrieved on: 
Tuesday, March 14, 2023

IntroMedic is a leading innovator in global capsule endoscopy technology and medical imaging analysis whose objective is to always improve the quality of its patented imaging and analysis medical offerings.

Key Points: 
  • IntroMedic is a leading innovator in global capsule endoscopy technology and medical imaging analysis whose objective is to always improve the quality of its patented imaging and analysis medical offerings.
  • Capsule endoscopy is a procedure that uses a tiny wireless camera to take pictures of the digestive tract.
  • Growing in popularity, capsule endoscopy is far less invasive and more comfortable to the patient than more traditional endoscopy procedures.
  • NexOptic is an innovative imaging AI company headquartered in Vancouver, Canada with operations in Seoul, South Korea, offering world-leading patented and patent pending AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions).

NexOptic Announces NexCompress™ Commercialization Dual Rollout Strategy

Retrieved on: 
Wednesday, March 8, 2023

VANCOUVER, BC, March 8, 2023 /PRNewswire/ - ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) announces a dual rollout strategy on the commercialization of Nexcompress.™ NexCompress is part of NexOptic's ALIIS™ suite of artificial intelligence imaging solutions and enables significant bandwidth reduction when coupled with existing video compression technologies.

Key Points: 
  • VANCOUVER, BC, March 8, 2023 /PRNewswire/ - ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) announces a dual rollout strategy on the commercialization of Nexcompress.™ NexCompress is part of NexOptic's ALIIS™ suite of artificial intelligence imaging solutions and enables significant bandwidth reduction when coupled with existing video compression technologies.
  • NexOptic will be offering it to customers as either a cloud service or an on-premises solution.
  • In this vein, the Company has shortlisted several hardware and cloud providers as part of its supplier selection process.
  • As part its commercialization strategy, NexOptic is already onboarding a select group of interested companies onto NexOptic's evaluation portal.

NexOptic Provides 2023 Outlook

Retrieved on: 
Friday, January 6, 2023

VANCOUVER, BC, Jan. 6, 2023 /PRNewswire/ - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) updates shareholders on its outlook for 2023.

Key Points: 
  • VANCOUVER, BC, Jan. 6, 2023 /PRNewswire/ - NexOptic Technology Corp. ("NexOptic" or the "Company") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) updates shareholders on its outlook for 2023.
  • Despite market conditions, and having made a number of internal changes, NexOptic navigated and successfully completed major tasks in 2022.
  • NexOptic Korea (a fully owned NexOptic subsidiary headquartered in Seoul, Korea) has been instrumental in initiating these dialogues for NexOptic, several of which have led to Memorandums of Understanding ("MOU's") being drafted and/or executed - further details of which will be made by NexOptic in forthcoming news releases.
  • NexOptic also recently welcomed Joel Sutherland to assist in corporate development and commercialization initiatives as well as to be the Company's primary point of contact with NexOptic investors.

Incentive Option Re-Pricing

Retrieved on: 
Friday, December 9, 2022

Details regarding the repricing of the Options will be further disclosed in the Company's information circular for its next annual general meeting.

Key Points: 
  • Details regarding the repricing of the Options will be further disclosed in the Company's information circular for its next annual general meeting.
  • Aliis enables faster shutter speeds, superior resolution and sharpness, reduced image-noise and motion-blur, and enhanced image color and detail.
  • Aliis does all this while reducing media file size, making it ideal for the storage and streaming applications.
  • This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws.

Rich Geruson, NexOptic Chairman, Announces Closing of $2.2 Million Private Placement

Retrieved on: 
Tuesday, November 8, 2022

VANCOUVER, BC, Nov. 7, 2022 /CNW/ - NexOptic Technology Corp. ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1)announces the closing of its non-brokered private placement (the "Placement") previously announced on October 21, 2022.

Key Points: 
  • VANCOUVER, BC, Nov. 7, 2022 /CNW/ - NexOptic Technology Corp. ("NexOptic") (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1)announces the closing of its non-brokered private placement (the "Placement") previously announced on October 21, 2022.
  • All securities issued in the Placement are subject to a hold period in Canada expiring on March 8, 2023.
  • Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors.
  • Insider participation in the Placement includes $28,125 (500,000 Units) from Director, Stephen Petranek, $56,250 (1 million Units) from Director, Arch Meredith and $112,500 (2 million Units) from CEO, Paul McKenzie.

Rich Geruson, NexOptic Chairman, Announces 3.2M Non-Brokered Private Placement

Retrieved on: 
Friday, October 21, 2022

Each Unit will comprise one common share and one share purchase warrant.

Key Points: 
  • Each Unit will comprise one common share and one share purchase warrant.
  • Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
  • In addition, net proceeds will be applied to further build patent protections for NexOptic's technologies as well as for general working capital for NexOptic and its wholly owned Korean subsidiary, NexOptic Asia Corp.
  • For more information, visit www.nexoptic.com
    This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws.

Rich Geruson, NexOptic Chairman, Announces Appointment of New Chief Financial Officer

Retrieved on: 
Tuesday, September 20, 2022

VANCOUVER, BC, Sept. 20, 2022 /PRNewswire/ - NexOptic Technology Corp. ("NexOptic") (TSXV:NXO) (OTCQB: NXOPF) (FSE: E3O1)is very pleased to report that Mr. Chulhyun ("Wayne") Cho is joining as its new Chief Financial Officer.

Key Points: 
  • VANCOUVER, BC, Sept. 20, 2022 /PRNewswire/ - NexOptic Technology Corp. ("NexOptic") (TSXV:NXO) (OTCQB: NXOPF) (FSE: E3O1)is very pleased to report that Mr. Chulhyun ("Wayne") Cho is joining as its new Chief Financial Officer.
  • "I am grateful for the opportunity to join and serve an innovative organization, such as NexOptic.
  • I look forward to working closely with the management team and board members to contribute to the company's future growth,' said Mr. Cho on his appointment.
  • "Today's announcement is timely as our Korean subsidiary, NexOptic Asia continues to become increasingly relevant to our growth strategy."