Aliy Zirkle

NexOptic Provides 2023 Outlook

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Friday, January 6, 2023
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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

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Friday, December 9, 2022
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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

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Tuesday, November 8, 2022
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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, Provides NexCompress™ Performance Benchmarks

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Wednesday, May 25, 2022
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VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic or the Company) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge patented and patent-pending Artificial Intelligence (AI) is pleased to provide performance benchmarks on its recently announced NexCompress (please see NexOptic news, April 28, 2022).

Key Points: 
  • VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic or the Company) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge patented and patent-pending Artificial Intelligence (AI) is pleased to provide performance benchmarks on its recently announced NexCompress (please see NexOptic news, April 28, 2022).
  • Operating in the cloud, NexCompress is uniquely different to other NexOptic offerings to date but remains part of the NexOptic ALIIS family.
  • Benchmark tests showed that NexOptic was able to use NexCompress in a video streaming application that significantly reduced bandwidth while preserving, or in many cases, improving on video image quality.
  • Like all NexOptic algorithms, NexCompress is engineered to be efficient and compatible with existing AI and video software applications.

Rich Geruson, NexOptic Chairman, Debuts the ALIIS™ Video Module, (“AVM”) a Revolutionary New AI Architecture for Video Processing

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Tuesday, December 21, 2021
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AVM is a revolutionary new video module that significantly improves efficiency and performance of high frame rate, high resolution video for both livestream and stored data.

Key Points: 
  • AVM is a revolutionary new video module that significantly improves efficiency and performance of high frame rate, high resolution video for both livestream and stored data.
  • AVM enables much faster processing times and remarkably higher image quality for real time video enhancement on the edge, cloud, or anywhere in between.
  • Immediate use-cases include applications where absolute efficiency and/or performance is critical; it can also be highly effective in low-power video pipelines.
  • NexOptic has filed two patents for AVM covering its model architecture and model training, and its integration and deployment into larger imaging systems.

Rich Geruson, NexOptic Chairman, Announces NVIDIA Jetson Integration with FlexWATCH, South Korea

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Friday, October 29, 2021
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NexOptic and FlexWATCH engineers recently completed integration of ALIIS into FlexWATCHs AI Bridge product which incorporates NVIDIAs Jetson Platform.

Key Points: 
  • NexOptic and FlexWATCH engineers recently completed integration of ALIIS into FlexWATCHs AI Bridge product which incorporates NVIDIAs Jetson Platform.
  • FlexWATCH has recently launched their NVIDIA Jetson based product line to enable edge and endpoint AI solutions and has worked together with NexOptic to bring Aliis to the platform.
  • With Aliis integration into the FlexWATCH AI Bridge, were starting to see the advantage of being an NVIDIA Preferred Partner and a member of the NVIDIA Jetson Ecosystem, said Paul McKenzie, CEO and Co-founder of NexOptic.
  • I anticipate further collaboration between our Companies as NexOptic continues to bring industry leading AI solutions to market.

Richard Geruson, NexOptic Chairman Reports: ALIIS™ Shows Superior Performance in Vehicle Recognition Tests

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Wednesday, September 22, 2021
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This is where Aliis can be the game changer.

Key Points: 
  • This is where Aliis can be the game changer.
  • During the benchmarking, Aliis increased the number of plates detected in low light more than tenfold and increased the number of correctly recognized license plate numbers by a factor of 100.
  • The benefits to end customers are obvious: Video Analytics work better with Aliis inside, explains Chairman Rich Geruson.
  • Similarly, in previous testing Aliis boosted the performance of a leading commercial object classifier by over 400%.

Richard Geruson, NexOptic Chairman Reports: ALIIS™ Provides Superior Energy Savings

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Friday, September 17, 2021
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The internet accounts for approximately 10% of global energy usage with estimates reaching as high as 25% by 2025.

Key Points: 
  • The internet accounts for approximately 10% of global energy usage with estimates reaching as high as 25% by 2025.
  • NexOptics Aliis provides superior image quality while also reducing total power consumption in video streaming applications.
  • The performance, and importantly energy efficiency, of NexOptics Aliis solution stood-out among the competition requiring a fraction of the energy to execute its image enhancement while reducing bandwidth consumption tenfold.
  • Additionally, Aliis does all of this while compressing data and reducing media file size, making it ideal for the storage and transmission of image data.

Richard Geruson, NexOptic Chairman Reports, NexOptic Develops Neural Embed Technology: Part of an Expanded ALIIS™ Program

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Thursday, September 2, 2021
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Immediate use-cases include applications where centrally storing, transmitting, or processing large amounts of image and video data is unfeasible but strongly desired.

Key Points: 
  • Immediate use-cases include applications where centrally storing, transmitting, or processing large amounts of image and video data is unfeasible but strongly desired.
  • For example, Neural Embedding can assist in video analytics, where hundreds if not thousands of cameras produce enormous amounts of video data.
  • This means that NexOptic clients can effectively select tailor-made solutions to meet their desired outcomes.
  • Additionally, Aliis does all of this while compressing data and reducing media file size, making it ideal for the storage and transmission of image data.