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    NXO   CA65341P1053


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NexOptic Technology : Richard Geruson, NexOptic Chairman, Announces a New Phase for ALIIS™ Integration Into Qualcomm 5G Chipsets

09/14/2021 | 09:45am EDT

VANCOUVER, British Columbia, Sept. 14, 2021 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge Artificial Intelligence (AI) announces that it has begun executing its next phase of integration with Qualcomm.

As a Qualcomm Advantage Network (“QAN”) ecosystem partner, the Company has begun a new phase of advanced build into Qualcomm’s camera firmware. This brand-new collaboration offers NexOptic a deeper integration into Qualcomm’s new Snapdragon chipsets than is possible on other platforms, creating unique and exciting opportunities for NexOptic’s image signal processing topologies that can leverage a combination of hardware and software. Previous phases integrated ALIIS™ onto 2019 Snapdragon chipsets and delivered real time video enhancement at 720p 30FPS. Now, new advancements to NexOptic’s Aliis algorithms as well as performance gains in Qualcomm’s AI accelerator chips have already yielded faster processing abilities at higher resolutions for real time video enhancement. This project is allowing OEMs and ODMs to see first-hand the power of Aliis and provide them access to a high-quality reference implementation that can be adapted into multiple standard and unique applications and use cases.

“As our AI solutions become more advanced, we’re able to provide an increasing number of imaging solutions for customers to select from, separately or in customized bundles,” said Rich Geruson, NexOptic Chairman. “It’s exciting to be able to leverage the ingenuity and power of partners like Qualcomm to create and deliver such cutting-edge solutions.”

About NexOptic’s Relationship with Qualcomm

The Company previously announced that it had been selected to join Qualcomm’s Platform Solutions Ecosystem and that Joint initiatives had already begun for optimizing and integrating Aliis into select Qualcomm® Snapdragon™ mobile platforms with support from Qualcomm Technologies’ AI and camera solution experts.

The Qualcomm Advantage Network and its Platform Solutions Ecosystem provides a nexus of value to its exclusive membership, including facilitating global marketing initiatives and business development opportunities within Qualcomm’s customer network, as well as fostering connection and collaboration between group members. NexOptic CEO Paul McKenzie stated, “The levels of expertise and exposure offered through this program will give our breakout technologies recognition exactly where it matters most.” It was further stated that membership is limited to companies leveraging Qualcomm’s transformative technologies at the bleeding edge of innovation.

Qualcomm Technologies, Inc. is the world’s leading wireless technology innovator and a driving force behind the development, launch, and expansion of 5G. Working with a global semiconductor leader like Qualcomm Technologies provides NexOptic immediate access to their entire global customer base including telecoms.

Learn more about the Qualcomm Advantage Network and its Platform Solutions Ecosystem & members.

Learn more about Snapdragon™ and Snapdragon™ Enabled Smartphones.

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. 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.

Media and Investor Enquiries

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.

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

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Sales 2020 - - -
Net income 2020 -5,81 M -4,69 M -4,69 M
Net cash 2020 2,29 M 1,85 M 1,85 M
P/E ratio 2020 -11,2x
Yield 2020 -
Capitalization 121 M 97,7 M 97,7 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 89,4%
Duration : Period :
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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
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