NexOptic Joins Arm AI Partner Program
November 30 2020 - 9:15AM
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 EnquiriesTel: +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.
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