Rich Geruson, NexOptic Chairman, Announces Aliis Showcased at Qualcomm’s 5G Summit

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VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in Artificial Intelligence (AI) for imaging, is pleased to announce that its intelligent imaging suite ALIIS™ was on showcase at the Qualcomm 5G Summit 2021 event alongside the new 700-series chipset for mobile devices: the Snapdragon 778G.

As a Qualcomm Advantage Network member, NexOptic’s Aliis is integrated onto Snapdragon platforms. The Snapdragon 778G chipset includes Qualcomm’s cutting-edge 6th Gen Qualcomm Artificial Intelligence Engine that delivers ultra-fast responses and faster data transfer between cores, all while maintaining extremely low power consumption.

This latest Snapdragon chipset is expected to appear in premium mid-range smartphone offerings from Honor, iQOO, Motorola, Oppo, and Realme in the second quarter of 2021, giving access to premium Snapdragon experiences like Aliis to a wider audience.

View the NexOptic Aliis low-light enhancement demo and learn more about the Snapdragon 778G chipset at the Qualcomm 5G Summit 2021 event page.
https://www.qualcomm.com/company/events/5g-summit

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 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 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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