DoubleTakeTM selected amongst the best products at CES by The Paley Center;
NexOptic anticipates closing strategic partnerships for ALLIS™ beginning Q1
Vancouver, Canada – January 16, 2020 – NexOptic Technology Corp. (“NexOptic” or the “Company”)(TSX VENTURE: NXO) (OTCQB: NXOPF) (FRANKFURT: E3O1) announced that its patent-pending artificial intelligence offering, ALLIS™ (“Advanced Low Light Imaging Solution”) attracted significant attention from a number of multinational imaging and semiconductor companies during private meetings at CES 2020 in Las Vegas. NexOptic anticipates closing strategic partnerships with several of these organizations beginning in Q1 of this year.
The Paley Center for Media also short-listed DoubleTake™ among the 13 best products at this year’s CES, and Forbes selected DoubleTake as one of the “Five Coolest Travel Gadgets at CES 2020.”
The Paley Center will include DoubleTake in its selection of the best products from CES 2020 to share at its exclusive members and invited guests-only event in New York on Thursday, January 16. NexOptic team members will be on-hand to introduce the award-winning product to media and key industry executives.
“The industry’s enthusiastic reception for ALLIS at CES confirmed our expectations for this ground-breaking AI and justified all the hard work of our developers and team,” said Paul McKenzie, CEO of NexOptic. “We look forward to sharing more news soon on the AI front, and we are also currently negotiating distribution and marketing agreements for DoubleTake.”
Founded in 1975, ThePaley Center for Mediahas become an American cultural institution. They’re dedicated to the discussions of the cultural, creative, and social significance of TV, radio, and emerging platforms for the professional community and media-interested public.
Click here to read more on Forbes’ five coolest travel gadgets.
About NexOptic Technology Corp.
NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. The Company is preparing to launch DoubleTake to the public. DoubleTake is NexOptic’s multi-award winning, reimagined binoculars designed to disrupt the growing outdoor recreation market. DoubleTake utilizes NexOptic’s high magnification lenses for a state-of-the-art digital experience. NexOptic is also working to commercialize its ground-breaking artificial intelligence (“AI”) for imaging as well as exploring opportunities for its innovative mobile lens designs.
The Company’s developing suite of optical technologies now includes AI. NexOptic can increase aperture sizes within given depth constraints of various imaging applications to improve diffraction-limits and resolution. Besides enhancing image quality, NexOptic’s AI drastically reduces image noise and motion blur common in poor lighting environments. More information is available at www.nexoptic.com.
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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.
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