NexOptic Joins Qualcomm’s Exclusive Membership Group

VANCOUVER, British Columbia, June 29, 2020 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an optics and Artificial Intelligence (AI) innovator, announced that it has been admitted by Qualcomm Technologies, Inc., to its Qualcomm Advantage Network, making NexOptic one of a very limited number of Platform Solutions Ecosystem members.

Qualcomm Advantage Network provides a nexus of value to its exclusive membership including facilitating global marketing initiatives and business development opportunities within Qualcomm’s customer network, in addition to fostering connection and collaboration between group members.

“We're grateful to Qualcomm for allowing us entry into such an esteemed group,” said Paul McKenzie, CEO of NexOptic. “The levels of expertise and exposure offered through this program will give our breakout technologies recognition exactly where it matters most.”

Membership is limited to companies leveraging Qualcomm’s transformative technologies at the bleeding edge of innovation. The marketing and business development opportunities that arise from being a member could significantly increase the rate of adoption of NexOptic’s AI into third party global enterprises. 

About Qualcomm

Qualcomm Technologies, Inc. is the world’s leading wireless technology innovator and a driving force behind the development, launch, and expansion of 5G.

Joint Qualcomm/NexOptic initiatives are optimizing ALIIS for select Qualcomm Snapdragon mobile platforms. 

Learn more about Qualcomm Advantage Network, Snapdragon, and Snapdragon Enabled Smartphones

About ALIIS

NexOptic’s artificial intelligence, ALIIS (All Light Intelligent Imaging Solutions) delivers superior all-light performance by optimally enhancing images and video in a fraction of a second using edge processing. The result is superior resolution and sharpness, dramatic reductions to image noise and motion-blur, noticeable enhancements to long-range image stabilization by enabling faster shutter speeds, and significantly reduced file and bandwidth requirements for storage or streaming applications. 

Critically, ALIIS also improves downstream applications such as computational imaging, facial recognition, and object detection, and as a result has broad market applicability for Smart Security, autonomous vehicles, and other AI applications. NexOptic will continue to grow and develop ALIIS’s offerings, bringing modern in-demand features to key markets.