MOU With IntroMedic
VANCOUVER, British Columbia, and SEOUL, Korea March 14, 2023 (CISION) – (“NexOptic“) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1) and (“IntroMedic“) jointly announce that they have entered a non-binding memorandum of understanding (“MOU”). IntroMedic is a leading innovator in global capsule endoscopy technology and medical imaging analysis whose objective is to always improve the quality of its patented imaging and analysis medical offerings. Further detail can be found on IntroMedic’s website: IntroMedic
“In our ongoing efforts to always put patients and medical experts first, I am very encouraged by the measurable improvements to image quality that NexOptic has been able to demonstrate to us.” Said Mr. Andrew Shim, President of IntroMedic.
Capsule endoscopy is a procedure that uses a tiny wireless camera to take pictures of the digestive tract. IntroMedic’s capsule endoscopy camera sits inside a vitamin-size capsule that is swallowed. As the capsule travels through the digestive tract, the camera takes thousands of pictures that are transmitted to a recorder worn on a belt around the patients’ waist. Growing in popularity, capsule endoscopy is far less invasive and more comfortable to the patient than more traditional endoscopy procedures.
Specifically, IntroMedic’s MiroCam® capsule endoscope offers a broader field of view of 170 degrees which enables a more thorough diagnosis of parts of the digestive system, further its 12-hour operational time mitigates many concerns common in competitive offerings. Together with IntroMedic’s patented Human Body Communication technology (HBC), its Augmented Live-body Image Colour-Spectrum Enhancement (ALICE) and its Medical Image Processing technology (MIP), MiroCam® delivers many technological advantages when compared to its competitors.
NexOptic and IntroMedic initiated dialogue late in 2021 and have undergone several stages of evaluation and development since.
Paul McKenzie, CEO of NexOptic stated, “It’s been an encouraging relationship with IntroMedic and we are excited for the possibility of playing a role in more technologies that further benefit human health and lifestyle.”
Today’s announcement demonstrates both companies’ positive outlook on executing a potential per capsule, licence model. If successful, this would mark the second commercial deployment of ALIIS™ into medical imaging devices, a field that NexOptic is well-positioned to rapidly expand into due to demanding use-cases that are frequently dependant on small lens factors.
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
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