Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. NexOptic Technology Corp.
  6. News
  7. Summary
    NXO   CA65341P1053

NEXOPTIC TECHNOLOGY CORP.

(NXO)
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

NexOptic Technology Corp. : - Another ALIIS Patent. Roadmap Explained

10/04/2021 | 05:45am EST

VANCOUVER, British Columbia - 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) announces that it is making significant tangible progress in the development, refinement, and deployment of new AI technologies, adding to its revolutionary AI imaging pipeline, ALIIS

'As we drive our existing technologies closer to broad commercialization,' said Richard Geruson, Chairman of NexOptic, 'we are executing our plan of staying at the forefront of what's possible by continuing to deliver new AI capabilities for imaging before others even imagine it.'

The United State Patent and Trademark Office (USPTO) has issued Patent No. 11,132,771 titled 'Bright Spot Removal Using a Neural Network.' This patent is the second in a rapidly expanding family of IP covering the Company's AI technologies. Building AI that is unique, effective, and patentable remains centre stage for the Company as it continues working on even newer cutting-edge solutions for integration into its ALIIS brand. Closely working with its Silicon Valley IP attorneys, the Company expects to be able to announce several new revolutionary technologies over the course of the next few months. ALIIS is also currently undergoing in-depth evaluations by a variety of potential end users (clients) and NexOptic is opening new global distribution networks that it anticipates being able to announce also in the near term. And finally, NexOptic is creating even closer working relationships with several of the world's leading semiconductor companies from which more advanced integration and more joint marketing initiatives are anticipated.

ALIIS in a Nutshell

ALIIS (All Light Intelligent Imaging Solutions) is a machine-learning AI suite providing instant enhancement to images and videos in the areas of edge processing, shutter speed, resolution and sharpness, image-noise and motion-blur, and image colour and detail. These patented and patent pending solutions can be integrated with imaging devices such as smartphones, smart security cameras, Internet of Things (IoT) devices, automotive platforms, medical imaging technologies, DSLR cameras and more. 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.

Qualcomm featured Aliis in its 5G Summit 2021 press kit announcing the new 700-series chipset for mobile devices: the Snapdragon 778G, and a recent webinar hosted by ARM and their Senior AI Ecosystem Manager set a live global audience attendance record. Ongoing marketing support from our partners is anticipated. For more information, visit www.nexoptic.com/aliis.

What You Need to Know About NexOptic

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 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. For more information, visit www.nexoptic.com.

Contact:

Media and Investor

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 artificial intelligence technologies, 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 the Company's AI technologies, sport optics product designs and additional work may be required to confirm potential applications and feasibility of such technologies or for the successful commercialization of its offerings; the Company may not be able to 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 all designs may not achieve expected results; the Company may not be able to reach commercial success; the Company may not be able to source components for some of 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.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about NEXOPTIC TECHNOLOGY CORP.
11/30NEXOPTIC TECHNOLOGY : Certification of Quarterly Filings - CFO
PU
11/30NEXOPTIC TECHNOLOGY : Certification of Quarterly Filings - CEO
PU
11/30NEXOPTIC TECHNOLOGY : Management Discussion and Analysis Q3 2021
PU
11/30NEXOPTIC TECHNOLOGY : Condensed Consolidated Interim Financial Statements
PU
11/29NexOptic Technology Corp. Reports Earnings Results for the Third Quarter and Nine Month..
CI
11/29NEXOPTIC TECHNOLOGY : THOR Rare Earth Project Optioned to Selten Metal Corp.
PU
11/29NexOptic Technology Corp. and Selten Metal Corp. Enter LOI for Option on NexOptic's THO..
AQ
11/23NEXOPTIC TECHNOLOGY : ALIIS™ and Qualcomm Get Closer
PU
11/23Rich Geruson, NexOptic Chairman, Announces Optimization on Qualcomm Technologies' Comme..
AQ
11/23NexOptic Technology Corp. Announces Optimization on Qualcomm Technologies? Commercially..
CI
More news
Financials
Sales 2020 - - -
Net income 2020 -5,81 M -4,52 M -4,52 M
Net cash 2020 2,29 M 1,78 M 1,78 M
P/E ratio 2020 -11,2x
Yield 2020 -
Capitalization 81,1 M 63,3 M 63,2 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 89,5%
Chart NEXOPTIC TECHNOLOGY CORP.
Duration : Period :
NexOptic Technology Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Paul Tavis McKenzie President, Chief Executive Officer & Director
Samantha Shorter Chief Financial Officer
Richard J. Geruson Chairman
Kevin Gordon Vice President-Technologies
Juliette Vanderhorst Head-Administration
Sector and Competitors
1st jan.Capi. (M$)
NEXOPTIC TECHNOLOGY CORP.17.39%63
ACCENTURE PLC37.87%230 738
TATA CONSULTANCY SERVICES LTD.27.25%179 892
SNOWFLAKE INC.10.52%108 408
INTERNATIONAL BUSINESS MACHINES CORPORATION-7.13%104 836
INFOSYS LIMITED39.21%99 108