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NEXOPTIC TECHNOLOGY CORP - NXOPF STOCK NEWS

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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.

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NexOptic Technology Corp. (NXOPF) has optimized its ALIIS™ technology for Qualcomm's Snapdragon platforms, enhancing real-time video applications with advanced lighting improvements. The partnership allows NexOptic to offer OEMs quick access to its AI-driven imaging solutions. The company is positioning ALIIS as a unique competitor to existing low-light technologies, claiming superior performance. NexOptic aims to showcase ALIIS's capabilities across various Snapdragon applications beyond smartphones, tapping into automotive, mobile computing, and AR/VR sectors.

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NexOptic Technology Corp. (OTCQB: NXOPF) announced the integration of its AI technology, ALIIS™, into FlexWATCH's products. This collaboration enhances FlexWATCH’s capabilities in IP surveillance, improving object detection and providing energy and data storage solutions. FlexWATCH's CEO highlighted ALIIS’ unique ability to enhance camera functionality significantly. NexOptic's management emphasized the strategic advantages of being an NVIDIA Preferred Partner, anticipating further collaborations to advance AI solutions in imaging technology.

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NexOptic Technology Corp. (NXOPF) announced a commercial partnership with NTek Device of South Korea, focusing on AI-enhanced imaging solutions. NTek, a key player in mobile, surveillance, and automotive cameras, has selected NexOptic's ALIIS™ technology for its distribution network. This partnership aims to enhance imaging quality across various sectors and is expected to drive significant value with NTek's established connections in the imaging industry. NTek's 20% year-over-year growth underlines its market presence, while NexOptic continues to innovate within the AI imaging landscape.

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NexOptic Technology Corp. (NXOPF) has made notable strides in AI technology development, focusing on enhancements to its imaging pipeline, ALIIS™. The company recently received Patent No. 11,132,771 for 'Bright Spot Removal Using a Neural Network,' indicating its commitment to innovation. NexOptic is also expanding its distribution networks and collaborating with leading semiconductor firms, with new technological announcements expected soon. ALIIS™ offers advanced image processing solutions for various applications, making it a key player in the imaging industry.

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NexOptic Technology Corp. (NXOPF) announced advancements in its ALIIS™ technology, enhancing AI performance during a benchmarking process with a vehicle recognition API. The technology significantly improved license plate recognition, with detection rates increasing over tenfold in low light conditions and accuracy rising by a factor of 100. This positions ALIIS as a key player in intelligent video analytics, supported by partnerships with NVIDIA and Qualcomm. NexOptic aims to capitalize on the growing demand for AI-enhanced camera systems, enhancing performance in challenging conditions.

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NexOptic Technology Corp. (NXOPF) has announced competitive advantages for its Aliis Super Resolution technology, which provides superior image quality while significantly reducing power consumption in video streaming applications. In a recent benchmark against leading solutions, Aliis proved to require a fraction of the energy while decreasing bandwidth consumption tenfold. As global internet traffic continues to rise, the demand for energy-efficient solutions becomes increasingly crucial. NexOptic, a member of the NVIDIA Partner Network, plans to share more third-party validation results on Aliis to demonstrate its value for AI-enabled products.

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NexOptic Technology Corp. (OTCQB: NXOPF) has commenced a new integration phase with Qualcomm, enhancing its AI technology capabilities. As part of the Qualcomm Advantage Network, the collaboration allows deeper integration into Qualcomm's Snapdragon chipsets, improving real-time video enhancement at higher resolutions. The updated performance of NexOptic's Aliis algorithms, combined with Qualcomm’s advanced AI chips, demonstrates promising processing abilities. NexOptic aims to provide OEMs and ODMs with high-quality implementations of its innovative imaging solutions.

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NexOptic Technology Corp. (NXOPF) announced a new phase of commercialization for its AI-based imaging solution, ALIIS™, aimed at transforming the imaging industry. The Company is fostering relationships with key semiconductor firms and has seen increasing enquiries for demonstrations. NexOptic is developing an Android app and a NVIDIA Jetson evaluation kit to showcase ALIIS™ capabilities. The Company has also secured two patents and continues to grow its team to meet rising demand. With backing from industry leaders like NVIDIA and Qualcomm, NexOptic is well-positioned in the AI-driven imaging market.

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NexOptic Technology Corp. has launched its latest AI imaging technology called Neural Embedding as part of its ALIIS™ program. This on-device processing solution transforms images and videos into compact machine representations, reducing data handling complexity. Key applications include video analytics across numerous cameras, improving efficiency in data storage and processing. The technology is aimed at enhancing the adoption of intelligent imaging, with a patent pending covering its applications. Additionally, NexOptic announced a significant shareholder update regarding share ownership changes.

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NexOptic Technology Corp. has received Patent No. 11,076,103 for its AI imaging technology, marking a significant milestone in its intellectual property portfolio. This patent addresses low-light image recovery using neural networks, with applications across various imaging systems. Additionally, a continuation patent for ‘Bright Spot Removal Using a Neural Network’ has received a Notice of Allowance from the USPTO. The company reports ongoing developments within its AI solutions, aimed at enhancing image processing and storage efficiency, reflecting a robust growth strategy in the imaging industry.

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FAQ

What is the current stock price of NEXOPTIC TECHNOLOGY (NXOPF)?

The current stock price of NEXOPTIC TECHNOLOGY (NXOPF) is $0.0134 as of October 10, 2024.

What is the market cap of NEXOPTIC TECHNOLOGY (NXOPF)?

The market cap of NEXOPTIC TECHNOLOGY (NXOPF) is approximately 2.8M.

What does NexOptic Technology Corp specialize in?

NexOptic Technology Corp specializes in developing cutting-edge AI solutions for imaging, known as ALIIS™, to revolutionize the imaging and AI industries.

What is the recent partnership announced by NexOptic?

NexOptic has recently partnered with Pristine Surgical LLC to provide AI-powered imaging technology for Pristine's single-use endoscopic visualization platform called Summit™.

What are the key benefits of NexOptic's technology for Summit™?

NexOptic's technology aims to enhance surgical views, improve workflow efficiency, and reduce costs for ambulatory surgery centers using Pristine's Summit™ platform.

Where is NexOptic Technology Corp headquartered?

NexOptic Technology Corp is headquartered in Vancouver, Canada, with operations also in Seoul, South Korea.

What industry partnerships does NexOptic have?

NexOptic 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.

NEXOPTIC TECHNOLOGY CORP

OTC:NXOPF

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NXOPF Stock Data

2.81M
186.23M
0.01%
Electronic Components
Technology
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United States of America
Vancouver