Vancouver, Canada – September 25, 2018 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (OTCQX: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E3O1) is pleased to present the world premiere of its renderings plus advanced specifications of its first consumer product.
NexOptic has designed the product for those who want to enhance and share their adventures in the great outdoors, at sport events, or while traveling. Using its Blade Optics™ lens designs, the device will deliver greatly improved resolution within the depth constraints of an exceptional, consumer-friendly product.
Rugged, water-resistant, and lightweight, the product will include an artificial intelligence (“AI”)-capable chipset, enabling upgrades from NexOptic as well as planned third-party support. It will switch instantly from 2.5X magnification to 10X.
Furthermore, the system will provide:
- advanced image stabilization;
- high-resolution panning;
- superior low-light performance;
- an equivalent focal length greater than 500mm in a compact form factor;
- a large 52mm diagonal aperture that will capture far more light;
- a 5” high-definition, built-in LCD display;
- built-in GPS; and
- a dual lens system featuring 4K video
The Bluetooth and Wi-Fi enabled system will allow for sharing the moments with friends.
To see the product and follow our story, please visit NexOptic’s website at www.nexoptic.com.
The Company plans to introduce its first product in 2019; news releases outlining additional product details and completion milestones will be issued as progress continues. The product’s specific Blade Optics™ lenses are expected to be delivered to the Company shortly (please see NexOptic’s news release dated July 18, 2018).
Blade Optics™ refers to NexOptic’s lens designs, algorithms and mechanics, which include patented and patent-pending and all of the Company’s intellectual property and know-how.
About NexOptic Technology Corp.
NexOptic is a creative optical development company which aims to enhance the way we view the world around us. Currently focused on completing its first consumer product for the growing outdoor recreation market, as well as prototypes for the mobile device space, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade Optics™, the Company’s developing suite of innovative optical technologies, NexOptic aims to 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, thus providing the potential for greatly improved resolution.
NexOptic trades on the OTCQX under the symbol “NXOPF,” on the TSX Venture as “NXO,” 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
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.