NexOptic Completes Third Engineering Phase of Mobile Device Telephoto Lens Prototype, Orders Parts for Construction

VANCOUVER, BC--(Marketwired - January 23, 2018) - NexOptic Technology Corp. ("NexOptic") (OTCQX: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301)

For the audio version of today's news release please visit https://nexoptic.com/news/

NexOptic Technology Corp. ("NexOptic") (OTCQX: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301) is pleased to announce that it has successfully completed the third phase of engineering for its previously announced, mobile device telephoto lens prototype. "Based on simulations with our lens design to date, we believe the high-resolution image capability from a narrow field of view is an industry leading design for high-resolution, long-range images from a mobile device lens system." said John Daugela, Chief Executive Officer.

By successfully completing phase three, NexOptic has finalized its smartphone lens stack prototype design, and has signed a purchase order for the optical elements to be built to the required specifications. Diverse Optics of California, a leading development firm specializing in precision optics, polymer optics, custom optics, optical tooling, and plastic micro optics, will build the optical elements. NexOptic anticipates the optical elements will be built and ready to start tolerance and desktop testing in approximately 10 weeks.

Results from Phase Three and Plans for Fourth Phase

During the third phase, NexOptic completed both a stray light simulation analysis and a manufacturability tolerance analysis. These analyses help confirm the design will meet all the Company's specifications. The optomechanical design for both the lens elements and desktop model prototype were also completed during this phase.

NexOptic's mobile lens design specification was chosen to demonstrate the capabilities of the lens design for long range viewing in a mobile device. This lens system design has an aperture of 4.8mm with an effective focal length of 11.5mm and horizontal full field of view of 25 degrees. The design will be housed in roughly a 6 to 7mm depth, the typical depth of many smartphones in the marketplace today. This lens design has a 35mm equivalent focal length of 76mm and has the potential to generate a 12MP image in a 25 degree full field of view.