Compression Results from Netflix VMAF
VANCOUVER, British Columbia, April 25, 2023 (CISION) – (“NexOptic”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), a company developing cutting-edge AI and imaging technologies, today announced the results from its internal testing of NexCompress, its flagship video compression AI technology. NexOptic also reports that it is hosting a LIVE demonstration of NexCompress™ at 1:15, PST today. Interested parties can access the event here: NexCompressLIVEbroadcast
As part of its commercialization strategy, NexOptic has been onboarding a select group of interested companies onto its evaluation portal, which allows these potential customers to test NexCompress in real-time with their own video data. Initial feedback has been overwhelmingly positive. The self-serve, private portal is helping to accelerate the number of potential customers that can evaluate NexCompress while reducing load on NexOptic’s internal engineering resources.
The Company’s internal testing has focused on evaluating NexCompress’s capabilities for high-end streaming applications. NexOptic used the Netflix Open Source Content, which includes seven studio-quality short films provided by Netflix as a “common reference for prototyping bleeding-edge technologies.” NexOptic evaluated more than 2000 data points using Netflix’s Video Multi-Method Assessment Fusion (“VMAF”) scoring system. The results of the testing showed that NexCompress is capable of providing bandwidth savings ranging from 10% to 60%, depending on the content, as provided via Netfix’s VMAF.
“We’re excited to announce these impressive results from our internal testing of NexCompress using Netflix’s Open Source Content,” said Paul McKenzie, CEO of NexOptic. “The bandwidth savings achieved by NexCompress are impressive, and we are confident that our technology can help streaming services reduce their data usage, energy consumption, and ultimately save money.”
NexOptic is taking a two-pronged approach to commercializing NexCompress, using both cloud and hardware solutions. The Company is currently evaluating a shortlist of AI cloud and hardware suppliers as part of its go-to-market strategy. The selection of the top hardware/cloud provider is expected within the next four weeks.
With an objective to simultaneously reduce the carbon footprint of stream companies while saving them money, NexOptic believes that NexCompress has the potential to revolutionize the streaming industry by providing significant bandwidth and energy savings without sacrificing image quality.
NexOptic continues to broaden access to its evaluation portal, including to select members of the public to test NexCompress with their own video data.
NexCompress is patented and patent pending and is part of NexOptic’s NexOptic’s broader ALIIS™ (all light intelligent imaging solutions) suite of artificial intelligence imaging applications. NexCompress is complementary to, and in fact can, supercharge existing CODEC methods currently used by large video streaming companies like Netflix and others.
For more information about NexOptic Technology Corp., please visit the Company’s website at www.nexoptic.com
Join the NexCompress Live Event broadcast at 1 PM PST today: NexCompressLIVEbroadcast
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
Forward-Looking Statements
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Inquiries
Joel Sutherland
Email: joel.sutherland@nexoptic.com
Tel: +1 (604) 669-7330 ext. 2