NexOptic Technology

You’ll Never See Your World the Same Way Again

This NexOptic Technology Corp. profile is part of a paid investor education campaign.*

Overview

NexOptic Technology Corp. (TSXV:NXO, OTCQB:NXOPF, FWB:E3O1) plans to rapidly change the face of the growing multi-billion-dollar optics industry. NexOptic’s team includes a former Chief Technologist of NASA (12 years). NexOptic’s Chairman is the former CEO of Lexmark International Inc. and Phoenix Technologies Ltd.

With ground-breaking Artificial Intelligence offerings, innovative lens designs and a multi-award-winning sports optic product, NexOptic wishes to change large segments of the imaging industry. NexOptic’s products and technologies are developed to function independently of and congruently with each other.

NexOptic is recognized for having developed a proof-of-concept telescope system with an unprecedented 1:1 lens stack depth to aperture ratio and continues to engineer its suite of lens designs for its planned product offerings including lenses for smartphones. The company has patented much of its offerings including artificial intelligence, while a number of products are patent pending.

AI That Shines

By reducing the “image noise” problematic to all camera systems, NexOptic’s artificial intelligence platform (ALLIS ™ – Advanced Low Light Imaging System) holds the potential to be a foundational layer in most of tomorrow’s AI-related to optics.  Launched in May of this year, ALLIS has steadily improved its capabilities. It is now applicable to small imaging devices such as smartphones, tablets and security cameras.  By reducing image noise, ALLIS enables real-time correction of images or video taken in otherwise non-optimal lighting conditions. Other ALLIS benefits include improvements to downstream applications, such as computational photography and facial recognition. ALLIS also greatly reduces file sizes for compressed imaging media including video reducing bandwidth usage during data transmission. ALLIS can even lead to more compact optics with less expensive electronics in the future. Remarkably, NexOptic’s AI improves imaging not just for the human eye, but it can also be implemented into other companies’ applications, such as facial recognition or object classification.  It could become a critical component of many of tomorrow’s imaging AI infrastructures.

Improved low-light performance.
Faster shutter speeds.
Reduced motion blur.
All without needing larger optics.

 

Changing the Face of Sport Optics

NexOptic’s multi-award-winning DoubleTake, is a remarkably reimagined “binocular,” it’s the company’s first consumer product. DoubleTake is set for a limited launch for the end of 2019. They are a disruptive new consumer product that encapsulates the key imaging characteristics of a smartphone, binoculars, and DSLR cameras into a compact, rugged, desirable product.

 

DoubleTake will transform and enhance the traditional solo-user binocular experience instead into a powerful sharing experience. It is designed for the outdoor recreation market. Lightweight, shock and water-resistant it’s ideal for people with active lifestyles. It features a focal length of over 500 millimeters, allowing users to capture high-resolution photos and 4K video. DoubleTake also utilizes a quad-core Ambarella H2 image processor containing state-of-the-art digital features, such as image stabilization and real-time, high-resolution panning.

nexoptic edison award

Already a Big Winner

Edison Award – April, 2019 Gold Medal Award for Advanced Image Capture in the Consumer Goods Category.  This award gives NexOptic the right to attach an Edison Award Gold Seal to DoubleTake. Originally established in 1987, the Edison Awards have recognized and honoured some of the most innovative products and business leaders in the world and is among the most prestigious accolades honouring excellence in new product and service development, marketing, design and innovation.

nexoptic gearjunkie

GearJunkie “Best in Show 2019”Winter Gear Award. This award was presented at the Outdoor Retailer Snow Show, North America’s largest outdoor trade show in Denver, Colorado.  GearJunkie founded in 2002, is a leader in the outdoor industry providing breaking news, product reviews, events, and a syndicated column on gear, adventure travel, active lifestyle, and industry news to millions of readers from their offices in Denver and Minneapolis.

Digital Trends “Top Tech of CES 2019” for photography.  Perhaps the most coveted award at CES, the world’s largest consumer electronics show.  Digital Trends first described DoubleTake as “the sci-fi inspired binoculars you didn’t know you wanted”. Later on stated, “We didn’t think our CES 2019 Award for Photography would go to a pair of binoculars, but then again, the DoubleTake from NexOptic, is no ordinary set of binoculars… the DoubleTake replaces the usual eyecups with a 5-inch HD LCD display, offering a comfortable viewing experience that can even be shared by multiple people at the same time.”

nexoptic digital trends

NexOptic Company Highlights

  • A multiple award-winning and multi-faceted imaging company targeting the growing multi-billion-dollar optics industry.
  • Ready to impact mobile, AI, space, sports optics, CCTV surveillance cameras, aerial imagery, autonomous vehicles and more
  • NexOptic’s management team and board of directors is comprised of industry-leading talent from Lexmark International and NASA. Company insiders hold approximately 39 percent.
  • DoubleTake has won the following awards: 2019 Gold Award for Advanced Image Capture in the Consumer Goods category by Edison Awards, New York City, Digital Trends’ “Top Tech of CES 2019” award for photography at Las Vegas and the GearJunkie “Best in Show 2019 for Winter Gear at the Outdoor Retailer and Snow Show January 29-31 in Denver, Colorado.
  • A limited release of DoubleTake is expected to take place before the end of 2019.
  • NexOptic’s mobile lenses have 35 percent better resolution when compared to the best-rated products on the market, according to third-party verification sources.

NexOptic’s Management Team

Rich Geruson — Chairman

Rich Geruson’s experience spans CEO roles at Lexmark International, Phoenix Technologies and VoiceSignal Technologies as well as Senior Vice President positions at Nokia, IBM, Toshiba and McKinsey & Co. As CEO of Lexmark, a multibillion-dollar imaging technology and solutions company with 10,000 employees, he grew printer sales faster than at any time in the last 10 years while simultaneously executing extensive process reengineering, transforming the business from negative EBITDA and high debt to positive multi-hundred-million-dollar EBITDA and a healthy debt profile. As CEO of Phoenix Technologies, he achieved consistently high profit year-over-year for six years straight in the company’s business of firmware and software for PCs, tablets and embedded internet of things (IoT) devices.

As CEO of VoiceSignal Technologies, Geruson pioneered voice recognition software for mobile phones, resulting in an increase in shareholder value of over 10-fold and culminating in the sale of the company for 12 times its revenue. At Nokia, he propelled the business from fifth-place market share to first-place in the US, and first-place in the world for the first time in its history, catapulting the stock price to more than a sevenfold increase in under three years. He served on numerous public and private boards across three continents and holds graduate degrees from Oxford University, including a D.Phil. in economics. While a member of the research faculty at Harvard Business School, he wrote *A Theory of Market Strategy*, a book used in many business schools’ curriculums.

Paul McKenzie — CEO and Director

Paul McKenzie in addition to NexOptic, has been instrumental in taking public 7 +yrs. old SaaS company Prostar Geocorp of Grand Junction, Colorado, USA while sitting on its Board of Directors. Prostar, enables real-time access to critical and precise location information. Its clients include some of the world’s largest utility and engineering firms and its cloud-based service is beginning to be mandated for use in the US on a state-by-state basis. Several of McKenzie’s previous companies made significant resource discoveries worldwide under his leadership and he has overseen and negotiated joint-venture and alliance partnerships with companies whose market-capitalizations have exceeded $20 billion. To date, he has been integral in raising close to US$100 million for his associated companies. He has acted in the capacity of Co-Founder, CEO, CFO, President and/or Director to several successful, publicly-traded companies.

Bobby Braun — Director

Dr. Braun is the Dean of Engineering and Applied Science at the University of Colorado Boulder. He has worked in the space community for more than 30 years and served as NASA’s Chief Technologist. He was instrumental in the design and execution of the entry, descent, and landing system for NASA’s Mars Pathfinder mission and has contributed to every U.S. Mars landed mission since.

In 2012, he co-founded Terminal Velocity Aerospace with SpaceWorks Enterprises Inc. to develop small re-entry system technology for commercial and data science applications. He sold his interest in the venture to SpaceWorks in 2015.

Dr. Braun is a member of the U.S. National Academy of Engineering, a Fellow of the American Institute of Aeronautics and Astronautics, a Fellow of the American Astronautical Society, and the author or co-author of over 300 technical publications.  He previously served as Vice Chair of the National Academies Space Studies Board (2014-2018), a member of the USAF Scientific Advisory Board, and Editor-in-Chief of the AIAA Journal of Spacecraft and Rockets. He also previously served as Chair of the US National Academies Frontiers of Engineering program (2015 to 2017), and as a member of the recent National Academy committees that produced the Decadal Survey for Earth Science and Applications from Space and a report on the Future of Center-Based, Multidisciplinary Engineering Research.

Arch Meredith — Director

Arch Meredith is Managing Partner of Kite Hill Capital, a private venture capital firm, which has been a pre-IPO and early investor in various companies in the technology sector, including, among others, Tesla Inc. and Uber Technologies Inc. He is Co-Founder, former President and Chief Financial Officer of the Chroma Group, Inc. which developed patented technologies for pattern recognition and visualization. He also managed Chroma’s equity interests in its subsidiaries, including Quantitative Imaging (enabling virtual colonoscopies) and Vicus Therapeutics, which is currently completing phase III clinical trials on a neuro-immune modulator for the treatment of cancer. He also oversaw investments in Chroma’s subsidiary, Chroma Oil & Gas, and oversaw its acquisition by ACON. He remains a director of Vicus. He is also Founder and CEO of TeleTix, until Transamerica acquired it. He received his B.A. degree from Stanford University and his M.B.A. from the Stanford Graduate School of Business.

Stephen Petranek — Director

Stephen Petranek is a widely-recognized technology futurist and award-winning author, and is the former editor-in-chief of several respected scientific and financial publications. He is also the Co-Executive Producer of the National Geographic mini-series “MARS”, which is based on, and inspired by, his book, “How We’ll Live on Mars,” published by Simon and Shuster and the TED Conferences. Petranek’s critically acclaimed book was partly a result of extensive conversations and interviews with Elon Musk, CEO of Space-X, and senior management and leading scientists at NASA.

Petranek is the former editor-in-chief of the world’s largest scientific magazine, Discover, and was the senior editor for sciences at Life Magazine. Earlier in his career, he was the editor of The Washington Post’s magazine and editor-in-chief of The Miami Herald’s Sunday magazine. He is also a recipient of the prestigious John Hancock Award for Business and Financial Writing, considered by many to be the Pulitzer of financial writing.

Karen Fleming — Director

Karen Fleming has extensive experience in securities and corporate legal matters and corporate governance initiatives. She is the former General Counsel Canada and Corporate Secretary to Canadian Pacific Railway (CP), a TSX 60 company, where for 17 years she regularly advised senior executives and its Board of Directors on corporate governance and legal issues, including financial transactions as well as due diligence and securities matters. She completed a Bachelor of Commerce with distinction and her Bachelor of Laws at the University of Alberta and was called to the Alberta Bar in 1996.


*Disclaimer: This profile is sponsored by NexOptic Technology Corp. (TSXV:NXO, OTCQB:NXOPF, FWB:E3O1). This profile provides information which was sourced by the Investing News Network (INN) and approved by NexOptic Technology Corp., in order to help investors learn more about the company. NexOptic Technology Corp. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with NexOptic Technology Corp. and seek advice from a qualified investment advisor.