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NexOptic Technology Corp (NXOPF) is a cutting-edge AI and imaging technology company headquartered in Vancouver, Canada. The company specializes in developing patented AI solutions for imaging, known as ALIIS™, which are designed to revolutionize the imaging and AI industries. NexOptic has recently partnered with Pristine Surgical LLC to provide AI-powered imaging technology for Pristine's single-use endoscopic visualization platform called Summit™. This innovative technology aims to enhance surgical views, improve workflow efficiency, and reduce costs for ambulatory surgery centers. With a strong focus on innovation and strategic partnerships, NexOptic is poised for growth and success in the imaging technology sector.
NexOptic Technology Corp. (NXOPF) has announced a non-brokered private placement offering of up to 28,571,428 units at $0.035 per unit, aiming to raise up to $1,000,000. Each unit includes one common share and one warrant exercisable at $0.05 for 18 months. The company is streamlining operations by discontinuing relationships with semiconductor companies and closing its Korean subsidiary. Proceeds will support the development of AI data compression, video resolution technologies, and medical imaging enhancement software. The company plans to focus on leveraging its FDA-approved medical imaging device and enhancing NexCompress, its AI compression solution for security cameras and video streaming.
NexOptic Technology Corp (TSX:NXO, OTCQB:NXOPF) announced a corporate update and plans for a $1 million non-brokered private placement offering. The company's trading was suspended due to a CTO from May to June 2024, with expected resumption around October 28, 2024. After resolving management disputes and audit reclassifications, NexOptic is focusing on AI and medical imaging enhancement software. The company anticipates revenue this quarter from the medical sector and plans to expand its team. Their key products include ALIIS, an AI suite for image enhancement currently used in US surgical theaters, and NexCompress, a video compression solution targeting streaming companies.
NexOptic (TSXV: NXO, OTCQB: NXOPF) announced a live demonstration of its proprietary AI technology, NexCompress, on April 25, 2023. This innovative solution offers significant bandwidth reduction for video compression, applicable on both edge devices and in the cloud. It aims to enhance existing CODEC methods used by major video streaming services like Netflix. The event, led by VP of AI Technologies Kevin Gordon, will showcase real-time video processing, allowing viewers to see before and after samples to assess quality improvements and bandwidth savings. Paul McKenzie, CEO, stated that reducing video noise can lower energy consumption and costs across various industries, especially in the massive video streaming sector. NexCompress is currently patented and in the patent-pending stage, highlighting its potential impact on the market.
NexOptic Technology Corp. (TSXV: NXO, OTCQB: NXOPF, FSE: E3O1) has signed a non-binding memorandum of understanding (MOU) with IntroMedic, a leader in capsule endoscopy technology. This collaboration aims to enhance imaging quality for their products. IntroMedic's MiroCam® offers a 170-degree field of view and a 12-hour operational time, addressing the needs of the medical imaging sector. The partnership marks a significant opportunity for NexOptic to expand its presence in medical imaging, especially by leveraging its patented ALIIS™ technology. Both companies are optimistic about future developments stemming from this agreement.
NexOptic (TSXV: NXO) announced a dual rollout strategy for its NexCompress technology, part of its ALIIS suite. This solution significantly reduces video bandwidth and file sizes by 20% to 60% when integrated with existing compression technologies. The company plans to market NexCompress both as a cloud service and an on-premises solution, with commercial availability expected by Q4 2023. Initial feedback from potential clients, including cloud storage and streaming companies, has been positive. NexOptic is also evaluating multiple hardware and cloud providers to finalize its offerings by early Q2 2023.
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