Richard Geruson, NexOptic Chairman Reports, NexOptic Develops Neural Embed Technology: Part of an Expanded ALIIS™ Program

VANCOUVER, British Columbia, Sept. 02, 2021 (GLOBE NEWSWIRE) — NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge Artificial Intelligence (AI) imaging unveiled the newest offering of its ALIIS™ program today—Neural Embedding AI for Imaging (“Neural Embedding”)

The technology is processed on-device(s) in real-time, transforming images and videos into compact machine representations ready for use by downstream storage and processing. Immediate use-cases include applications where centrally storing, transmitting, or processing large amounts of image and video data is unfeasible but strongly desired. For example, Neural Embedding can assist in video analytics, where hundreds if not thousands of cameras produce enormous amounts of video data. Our Neural Embedding can distill the incoming video data prior to storage and processing, thereby reducing the total amount of computation required to accomplish the task and saving time, energy, and infrastructure costs. “Using highly advanced AI architectures like this will help Aliis address two significant barriers to intelligent imaging adoption, computation and training,” said Kevin Gordon, VP of AI Technologies for NexOptic, adding: “Today’s announcement brings edge-AI advancements to a wider audience, empowering our clients to tap into imaging data in ways previously unimaginable.”

The patent filed around this, NexOptic’s latest AI offering, also covers imaging pipelines that would use NexOptic’s Neural Embedding to enhance images and videos or to reduce processing and storage complexity, as well as ways for it to be incorporated into larger systems.

Never intended to be a single AI solution, Aliis leverages the latest advancements in deep learning to provide clients a growing suite of powerful tools that better all aspects of imaging. This means that NexOptic clients can effectively select tailor-made solutions to meet their desired outcomes.

ALIIS is patented and patent pending.

Additional “Significant Shareholder” Update

Further to NexOptic news, August 26, 2021 (and May 25, 2020) the Company reports that 3DB, Inc., a private Alberta company disclosed to be co controlled by Darcy Daugela and/or certain family members and each of John and Darcy Daugela are no longer owners of their remaining accessible 5,339,537 common shares in NexOptic.

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 included Aliis in the press kit for its 5G Summit 2021 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.