VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) — NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and AI, announced that it has joined the NVIDIA Partner Network as a preferred partner. Collaboration is already underway to leverage the powerful edge AI advantages of the NVIDIA® Jetson™ platform with NexOptic’s next-generation ALIIS™ (All Light Intelligent Imaging Solutions).
NexOptic’s ALIIS delivers superior all-light performance by enhancing images and video in real time for edge AI applications. Using the high compute, memory, and floating-point capabilities of the Jetson platform, NexOptic’s state-of-the-art image enhancing algorithms can run very fast inferencing to handle complex image to image tasks and optimize storage and streaming performance. Benefits include superior resolution and sharpness with dramatic reductions to image noise and motion blur, enhancements to long-range image stabilization, and reduced file size and bandwidth requirements.NVIDIA Jetson is the leading edge AI computing platform with a vast global developer base. With support for cloud-native technologies now available across the full Jetson lineup, manufacturers of intelligent machines and developers of AI applications can build and deploy high-quality, software-defined features on embedded and edge devices targeting robotics, smart cities, healthcare, industrial IoT and more. The platform includes small form-factor system-on-modules with GPU-accelerated parallel processing, the JetPack SDK with developer tools and comprehensive libraries for building AI applications, and a broad ecosystem of partners with products and services that accelerate development.“Partnering with an edge computing leader like NVIDIA supports our objective to provide foundational AI layers into as many camera and complex machine imaging systems as possible,” said Rich Geruson, NexOptic’s Chairman. “With NVIDIA’s support, NexOptic is now accessible to more customers and is well positioned to support our clients’ increasingly complex application needs across global markets.”About NexOptic TechnologyNexOptic is an innovative imaging company based in Vancouver, Canada. Its All Light Intelligent Imaging Solutions (“ALIIS™”), is being optimized for leading hardware platforms for delivery into numerous markets. NexOptic is also engaged in the development of its revolutionary sports-optic device DoubleTake as well as mobile lens solutions. For more information, please visit www.nexoptic.com.Media and Investor EnquiriesTel: +1 (604) 669-7330 x 202
Email: look@nexoptic.comForward-Looking StatementsThis 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.
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