Rich Geruson, NexOptic Chairman, Announces NexOptic Receives its 2nd Patent Notice of Allowance from the US Patent Office for...
June 17 2021 - 12:15PM
NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX
VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in
cutting-edge Artificial Intelligence (AI) imaging, announced that
the United States Patent and Trademark Office has issued a Notice
of Allowance for an important NexOptic patent application covering
bright spot removal during video and image capture using a neural
network, all part of the ALIIS™ (All Light Intelligent Imaging
Solutions) AI solution suite.
“This, the second announcement in 5 weeks on critical patent
protections for Aliis, is further evidence that our technologies
are unprecedented, protectable, and potentially industry altering,”
said Paul McKenzie, Co-Founder and CEO of NexOptic.
A Notice of Allowance is an indication that the invention
qualifies for a patent and that administrative and other steps are
required prior to its issuance. An invention is still considered
“patent pending” until a final patent has been issued.
The patent, once issued, will provide additional key
intellectual property protection for NexOptic’s disruptive AI for
all levels of imaging including video, data compression and
more.
“Beyond today’s news, I’m equally excited about additional
patents in the pipeline targeting new feature sets and
optimizations that will enhance Aliis on our partner chipsets &
IP,” said Kevin Gordon, NexOptic’s VP of AI Technologies: "We’re
delivering on a key objective to continuously build-out powerful
new feature sets for Aliis and protect them through patent
fortification.”
NexOptic also reports that it continues to add additional
in-house talent to its software team to support the development of
its artificial intelligence
program.
What You Need to Know About
ALIIS™ and NexOptic Technology
Corp.
NexOptic is an innovative imaging AI company headquartered in
Vancouver, Canada with operations in Seoul, South Korea, offering a
world-leading AI suite 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 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
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 that the Company’s AI
technologies, sport optics product designs and prototype some of
which are at an early stage and additional work may be required to
confirm potential applications and feasibility of its technologies
or bring product designs to market; 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 commercialize its technology; 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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