Richard Geruson, NexOptic Chairman Announces NexOptic Enters Next Phase of Commercialization
September 10 2021 - 12:20PM
NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX
VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in
cutting-edge Artificial Intelligence (AI), announces that it has
moved into its next phase of commercialization.
When NexOptic initiated ALIIS™ there were multiple objectives in
mind, including creating strong relationships with key
semiconductor players. The Company was also determined to create
artificial intelligence-based solutions that could surmount
limitations central to all imaging platforms, meaning that Aliis
needed to be easily deployable into virtually any imaging vertical
from smartphones all the way to security, automation, automobiles,
medical devices and more. To this end, Aliis had to be extremely
power efficient, operate on the edge, and be straightforward for
customers to implement. Additionally, the Company wanted Aliis to
be fortifiable through a growing patent estate.
“We’re at the beginning of a paradigm shift within the entire
imaging industry whereby camera platforms are increasingly becoming
AI centric on the device itself,” said Paul McKenzie, NexOptic’s
Co-Founder and CEO. “This includes both industry as well as
consumer applications and it’s creating significant advantages for
data carriers as well as users of all types of data. We're
increasingly well positioned to become a significant contributor in
this fast-growing AI on-device trend.”
With key objectives in hand, and with full marketing and other
support from industry partners NVIDIA, Qualcomm and ARM, NexOptic’s
North American- and Korean-based sales teams have been attracting
rising numbers of enquiries for demonstrations of Aliis to
prospective customers. Interested parties continue to include large
multinationals as well as regional start-ups, and NexOptic has
become expedient in processing its customer enquiries and fully
demonstrating the efficacy and significant advantage of Aliis.
As part of enabling the Company’s Korean team, NexOptic has
engaged with a global leading engineering and software development
company to develop its Aliis Android demonstration app. The app
perfectly demonstrates the capabilities of Aliis to potential
NexOptic customers, leveraging the power of mobile chipsets and the
compact form factors they provide. With the help of this
development partner, the Company’s focus can remain on the core AI
technology, while still delivering a polished technical
demonstration tool to sales and BD teams.
Along the same lines, NexOptic has developed its own NVIDIA
Jetson based evaluation kit (EVK) that select prospective customers
are utilizing. The kit leverages the raw performance of NVIDIA’s
Jetson platform and runs all of Aliis’ algorithms on real time HD
video coming from the bundled machine vision camera.
Equally critical to the Company’s technology development and
commercialization objectives is its IP fortification strategy.
Using top-tier Silicon Valley-based IP attorneys NexOptic has been
happy to announce two key patents being granted, with more pending.
New applications are continuing to be filed on a regular basis as
NexOptic develops new solutions, optimizes existing solutions, and
discovers new use cases along the way. The Company is excited to
share more about how it has tackled some of the complexities of
video with its AI and will continue to provide updates as they
become material news.
NexOptic has also added people to its sales and technical teams
and will continue to grow to match demand. NexOptic’s secondary web
domain, www.aliis.ai will be launched soon and will include private
sections for customers as well as sections for shareholders to
better understand the full capabilities of the Company’s
technologies.
ALIIS™ in a Nutshell
ALIIS™ (All Light Intelligent Imaging
Solutions) is a machine-learning AI suite providing instant
enhancement to images and videos in the areas of edge processing,
shutter speed, resolution and sharpness, image-noise and
motion-blur, and image colour and detail. These patented and patent
pending solutions can be integrated with imaging devices such as
smartphones, smart security cameras, Internet of Things (IoT)
devices, automotive platforms, medical imaging technologies, DSLR
cameras and more. Additionally, Aliis does all of this while
compressing data and reducing media file size, making it ideal for
the storage and transmission of image data.
Qualcomm featured Aliis in its 5G Summit 2021 press kit
announcing the new 700-series chipset for mobile devices: the
Snapdragon 778G, and a recent webinar hosted by ARM and their
Senior AI Ecosystem Manager set a live global audience attendance
record. For more information, visit www.nexoptic.com/aliis.
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.
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
artificial intelligence technologies, 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 the Company’s AI
technologies, sport optics product designs and additional work may
be required to confirm potential applications and feasibility of
such technologies or for the successful commercialization of its
offerings; the Company may not be able to 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 all designs may
not achieve expected results; the Company may not be able to reach
commercial success; the Company may not be able to source
components for some of 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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