A shared vision bringing NexOptic’s differentiated, scalable, and highly optimized imaging AI solutions to multiple global markets and verticals

Immediate expansion opportunities for ALIIS within the vast ARM IoT network

Complements the ARM ecosystem for on-chip AI deployment for intelligent endpoint devices

VANCOUVER, British Columbia, November 30, 2020 (GLOBE NEWSWIRE) – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and Artificial Intelligence (AI), announced today that it has joined the ARM AI Partner Program, an initiative focused on creating and nurturing strategic alliances that enhance the ARM ecosystem, and simplifies the deployment of Machine Learning (ML) and AI on intelligent endpoint devices by providing best-in-class tools, algorithms and applications to businesses around the globe. 

NexOptic and ARM share a common vision to bring differentiated, scalable, and highly optimized AI software solutions to multiple markets — from cars to smartphones and laptops to IoT edge devices. The companies will closely collaborate as NexOptic continues to expand the available feature sets on its ALIIS™ (All Light Intelligent Imaging Solutions) AI for imaging. 

Significant segments of the consumer and business electronics industries run on ARM^®-based technology, and the future of edge-based AI, also known as TinyML, is enabled by the architectures and core technology developed by ARM. 

“With membership in the ARM AI Partner Program, we look forward to exploring what is possible around the integration and functionality of ALIIS,” said Paul McKenzie, CEO of NexOptic Technology Corp. “ARM delivers remarkable IoT solutions to their partners and customers. They continuously drive the industry into what were previously thought to be unreachable territories; we are thrilled to be a part of it.”

Processed in-device in real-time, NexOptic’s patent-pending advanced imaging AI, ALIIS, works on images and video. ALIIS works pixel-by-pixel whereby every single part of the image comes out of the neural network independently and is uniquely perfected. It is easily tuned, for precise ultra-high-resolution images as required in all types of (usual and unusual) lighting conditions.

The result is superior resolution and sharpness, dramatic reductions to image noise and motion-blur, noticeable enhancements to long-range image stabilization by enabling much faster shutter speeds, and significantly reduced file and bandwidth requirements for storage or streaming applications. ALIIS also benefits downstream applications including computational imaging, facial recognition, and object detection, giving it even broader market applicability. While NexOptic and each original equipment manufacturer (OEM) retain control over the choice to license ALIIS, the ARM optimized version of ALIIS will significantly reduce the integration cost to device makers making it easier and faster to implement NexOptic’s state-of-the-art solutions. Many global OEM customers who are partners of ARM require premium imaging enhancement and will have direct access to NexOptic’s industry-leading machine learning imaging solutions optimized for use on ARM platforms.

NVIDIA Corp. announced in September of this year, its intent to acquire ARM from SoftBank for US$40-billion, creating the world’s premier computing company for the Age of AI.

About NexOptic Technology 

NexOptic offers (patent-pending) advanced, on the edge AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions). Headquartered in western Canada, and with operations in Seoul, South Korea, NexOptic 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.  NexOptic is also engaged in the development of its multiple award-winning sports-optic device, DoubleTake™. Find out more at 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 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.