VANCOUVER, BC, Sept. 20,
2022 /CNW/ - NexOptic Technology Corp. ("NexOptic")
(TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) is very pleased to
report that Mr. Chulhyun ("Wayne")
Cho is joining as its new Chief Financial Officer. Mr. Cho
brings a wealth of experience in finance and accounting to the
team, including 8 years with Deloitte & Touche LLP ("Deloitte")
where he led various assurance and consulting projects for
different types of corporate clients of varying sizes during his
tenure. He subsequently served as the head of finance for 2 large
organizations in resource and service industries for 6 years after
leaving Deloitte. With his well-rounded experiences serving as both
provider and recipient of professional advisory services, as well
as through the public accounting practice he is currently serving
as a lead accountant for, Mr. Cho has successfully guided clients
both large and small across many industries and geographic regions
in identifying risks, developing strategy, and overseeing
cross-functional and multi-national teams in the execution of
internal controls and annual financial statement audits.
Native to South Korea, Mr. Cho
possesses a deep understanding of Korean culture, which he has
effectively leveraged at various junctures throughout his career.
"I am grateful for the opportunity to join and serve an
innovative organization, such as NexOptic. I look forward to
working closely with the management team and board members to
contribute to the company's future growth,' said Mr. Cho on his
appointment. "I'm very pleased to be able to appoint as
CFO, someone as uniquely qualified to assist us in our future
growth initiatives as Wayne
Cho." Said Paul McKenzie, Co-Founder and CEO of
NexOptic. "Today's announcement is timely as our Korean
subsidiary, NexOptic Asia continues to become increasingly relevant
to our growth strategy."
In addition to his Chartered Professional Accountant, Chartered
Accountant ("CPA CA") designation, Mr. Cho holds Certified Internal
Auditor (CIA) designation and is currently working towards his
Chartered Business Valuator (CBV) designation.
NexOptic's management and Board of Directors wishes to sincerely
thank Ms. Samantha Shorter, whom Mr.
Cho is replacing as CFO for her professionalism and her many
contributions made to the Company. Ms. Shorter will remain as a
consultant to NexOptic.
The Company also wishes to report that the sales and marketing
initiatives specific to its AI suite of technologies, Aliis,
continue with fervour including from its Korean subsidiary
operations, NexOptic Asia, with the full support of NexOptic's
highly skilled Canadian AI team members.
NexOptic also anticipates announcing the appointment of a new
investor relations professional soon.
ALIIS™ in a Nutshell
Engineered for today and for the
metaverse, ALIIS™ (All Light Intelligent Imaging
Solutions) is a machine-learning AI suite providing significant
energy savings, data compression and enhancements to images and
videos everywhere from the edge to the cloud. Aliis enables faster
shutter speeds, superior resolution and sharpness, reduced
image-noise and motion-blur, and enhanced image color and detail.
Aliis does all this while reducing media file size, making it ideal
for the storage and streaming applications. Additionally, Aliis
provides a fundamental "AI for AI" layer that supercharges
downstream AI performance.
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.
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 energy
savings, data compression and image and video enhancement known as
ALIIS™. Aliis is engineered for today and for the metaverse and
simultaneously influences the imaging and AI industries. NexOptic
is a member of the Qualcomm® Advantage Network, a Preferred Partner
in the NVIDIA Partner Network, and a member of the Arm® AI Partner
Program. For more information, visit www.nexoptic.com
Forward-Looking Statements
This news release contains
forward-looking statements and forward-looking information
(together, "forward-looking statements") within the meaning of
applicable securities laws. All statements, other than statements
of historical facts, are forward-looking statements. Generally,
forward-looking statements can be identified by the use of
terminology such as "plans," "expects," "estimates," "intends,"
"anticipates," "believes" or variations of such words, or
statements that certain actions, events or results "may," "could,"
"would," "might," "will be taken," "occur," or "be achieved."
Forward-looking statements in this news release include, without
limitation, statements respecting the Definitive Agreement,
expectations regarding demand for REE, and the plans regarding
exploration on the THOR Project. Forward-looking statements involve
risks, uncertainties and other factors disclosed under the heading
"Risk Factors" and elsewhere in NexOptic's filings with Canadian
securities regulators, that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although NexOptic believes that the assumptions and factors used in
preparing these forward-looking statements are reasonable based
upon the information currently available to management as of the
date hereof, actual results and developments may differ materially
from those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where required by applicable law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, 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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SOURCE NexOptic Technology Corp.