NEXOPTIC TECHNOLOGY CORP - NXOPF STOCK NEWS

NexOptic Technology Corp. (NXOPF) announced the performance benchmarks for its NexCompress™ video compression solution, which aims to revolutionize the video storage and streaming industry. The technology, part of the NexOptic ALIIS™ suite, offers significant bandwidth and storage savings. In testing, NexCompress achieved a 20% reduction in bandwidth for standard video sequences and up to 60% for challenging scenarios while maintaining or improving image quality. The company aims to deliver this innovative solution to businesses developing modern video applications.

NexOptic Technology Corp. (OTCQB: NXOPF) announced that its ALIIS™ AI has been selected by Semicon Networks in South Korea for a government-funded R&D project aimed at enhancing automotive auto-pilot systems. This initiative is part of a broader trend towards autonomous vehicles, focusing on Advanced Driver Assistance Systems (ADAS) for improved vision in challenging conditions. ALIIS™ offers significant image processing benefits, making it suitable for various applications, including automotive, IoT, and medical imaging.

NexOptic Technology Corp. has announced the launch of NexCompress™, a cloud-based data compression method for video. Operating under the ALIIS™ suite, NexCompress aims to provide significant savings in storage, bandwidth, and energy consumption for video streaming services. The company is pursuing a SaaS business model to commercialize this technology, targeting streaming and telecommunications providers. NexOptic, headquartered in Vancouver, Canada, is also noted for its patented AI solutions and partnerships with Qualcomm, NVIDIA, and Arm.

NexOptic reports that Selten Metal has signed a letter agreement with Railtown Capital for a one-for-one acquisition of Selten's securities, facilitating its listing on the TSX Venture Exchange. To accommodate this transaction, NexOptic has amended its mineral property option agreement with Selten regarding the THOR Rare Earth Element Project in Nevada. The amendment reduces the consideration for NexOptic's remaining interest in THOR to 5,000,000 common shares of Selten. The THOR Project spans 2184 hectares, located near significant REE mining sites.

NexOptic Technology Corp. has extended its agreement with Selten Metal Corp. to finalize structuring plans ahead of Selten's listing in Canada. This extension grants Selten an option to earn up to a 100% interest in NexOptic’s THOR Rare Earth Element Project. To gain an initial 75% interest, Selten is required to make a cash payment of $1,100,000 and issue shares, totaling 1,000,000 shares over a 24-month period, contingent on Selten's successful listing.

NexOptic Technology Corp. has launched its latest AI innovation, the Aliis Video Module (AVM), aimed at enhancing video processing efficiency and quality. AVM allows for faster processing and improved image quality for livestream and stored data, promising cost and energy savings. The company has filed two patents for AVM's architecture and integration. A livestream event titled ALIIS AI Day is set to discuss AVM and its applications, with participation from AI professionals and shareholders. NexOptic is recognized for its innovative AI technology and is part of multiple partner networks.

NexOptic Technology Corp. (OTCQB: NXOPF) is hosting the ALIIS™ AI Day on December 21, 2021, at 12 Noon PST. This live event will showcase the innovative capabilities of NexOptic’s AI software, Aliis™, including its potential in computer vision, energy savings, and data compression. The presentation will be beneficial for industry professionals and aspiring talents interested in AI applications. NexOptic's Aliis™ technology is suitable for various imaging devices and offers enhancements in image quality while reducing file sizes. More details can be found on NexOptic's website.

NexOptic Technology Corp. has entered a Definitive Agreement with Selten Metal Corp. granting them an option to earn up to a 100% interest in the THOR Heavy & Light Rare Earth Element Project in Nevada. The project spans approximately 2,184 hectares and is located near the historically significant Mountain Pass REE mine. Selten must pay $1,100,000 and issue shares to acquire a 75% interest, with further options available. The project holds potential with recent assays indicating up to 2.4% TREO, and NexOptic aims to leverage this asset with minimal financial risk.

NexOptic Technology Corp. (NXOPF) has signed a letter of intent (LOI) with Selten Metal Corp., allowing Selten to earn a 100% interest in the THOR Heavy & Light Rare Earth Element Project in Nevada. The THOR Project spans approximately 2,184 hectares and hosts 14 of the 17 rare earth elements. Selten plans to utilize historical data from NexOptic for exploration and potential development. To initially acquire a 75% interest, Selten must pay $1.1 million and issue shares upon its future listing. The project is subject to a 2% royalty which NexOptic can buy out.