Sample of AI Results Soon to be Available on
www.nexoptic.com
For the audio version of today's news release
please visit https://nexoptic.com/news/
VANCOUVER, Oct. 30, 2018 /CNW/ - 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 sport 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.
On behalf of the Board of Directors
NexOptic Technology Corp.
John Daugela, CEO & Director
www.nexoptic.com
look@nexoptic.com
+1 (604) 669 – 7330
TSX-V: NXO
OTCQX: NXOPF
Frankfurt: E3O1
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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SOURCE NexOptic Technology Corp.