New Korea Hub Will Accelerate Asian Market Operations for NexOptic, Explains Chairman Rich Geruson
September 11 2020 - 2:26PM
NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX
VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an optics and Artificial
Intelligence (“AI”) innovator, announced today that it is opening
an office and commencing operations in Seoul, South Korea.
The Seoul office will be responsible for
managing NexOptic’s South Korean and regional accounts, which
include ongoing dialogues with leading regional OEMs. Additionally,
the company is exploring the siliconization of its algorithms –
embedding AI directly onto a chip – for sales into entirely new
market verticals. Regionally, South Korea, Taiwan and China
represent the global hub of siliconized semiconductor supply
chains.
“Our All Light Intelligent Imaging Solutions
(ALIIS) products are now ready for deployment on our partner
platforms with NVIDIA and Qualcomm, and we anticipate customer
deals for sales of ALIIS in the near future,” said Rich Geruson,
NexOptic’s Chairman. “Meanwhile, we see huge future opportunity
with siliconized AI by making our technology commercially viable
for virtually untapped segments of the electronics industry.”
By siliconizing ALIIS, NexOptic’s delivery
points become economical to a much broader array of customers. This
will allow for expansion into larger market segments beyond
higher-end electronics, such as smartphones, robotics, and the
automotive industry.
NexOptic’s Korean operations are being managed
by DaeWon Baek, who has an extensive history of successfully
commercializing and licensing software to major global
corporations. Mr. Baek is currently CEO of Semicon Network. Co.
Ltd. and has previously held executive and VP positions at
VoiceSignal and Nuance, and Motorola Korea. NexOptic’s South Korean
office will bring on additional technical staff as required during
its expansion into siliconized artificial intelligence.
About NexOptic Technology
Corp.
NexOptic is an innovative imaging AI company
based in Vancouver, Canada. We are a Preferred Partner in the
NVIDIA Partner Network, and our All Light Intelligent Imaging
Solutions (“ALIIS™”), is being optimized into the Qualcomm®
Platform Solutions Ecosystem for select Qualcomm® Snapdragon™
mobile platforms. The Company is also engaged in the development of
its award-winning sports-optic device, DoubleTake as well as mobile
lens solutions. Find out more at www.nexoptic.com
About ALIIS
ALIIS harnesses the absolute leading edge in
artificial intelligence technology to improve image quality for a
superior all-light performance solution. By learning a camera
profile and optimally enhancing it for improvement, images and
video are corrected in a fraction of a second using edge
processing. The result is superior resolution and sharpness,
dramatic reductions to image noise and motion-blur, noticeable
enhancements to long-range image stabilization by enabling faster
shutter speeds, significantly reduced file and bandwidth
requirements for storage or streaming applications, while
delivering a complete imaging solution.
Media and Investor
Enquiries
Tel: +1 (604) 669-7330 x 202
Email: look@nexoptic.com
Nexoptic Technology (TSXV:NXO)
Historical Stock Chart
From Apr 2024 to May 2024
Nexoptic Technology (TSXV:NXO)
Historical Stock Chart
From May 2023 to May 2024