Communicators

-          Fusion of leading edge and traditional imaging technologies

-          Expanding defensive intellectual property portfolio strategy 

VANCOUVER, British Columbia, July 20, 2020 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an optics and Artificial Intelligence (“AI”) innovator, announced that it has created revolutionary AI that transforms Image Signal Processors (“ISP”)  technology.

Engineered into NexOptic’s All Light Intelligent Imaging Solutions (“ALIIS™”), the neural ISP technology is immediately available to OEM customers through Nexoptic’s alliances with leading semiconductor companies.

Image signal processors are a traditional technology that manipulate images from raw data into the precise and coherent imagery we are accustomed to seeing. They are increasingly also being used for new application paths in robotics, smart cities, industrial automation, automotive, healthcare and beyond. NexOptic’s game changing neural ISP seamlessly delivers this technology into the world of AI for the first time.

“We’re now able to leverage the speed and efficiencies of AI accelerators in order to provide full imaging pipeline solutions to customers,” said Kevin Gordon, NexOptic’s VP of AI Technologies  “Our ‘end-to-end’ architecture allows OEM’s to side-step the need for hardware ISP’s when using AI-accelerators, and with the added benefit of improving our existing ALIIS features.”

NexOptic’s neural ISP technology, like all ALIIS features, is patent pending. The Company continues to work closely with Silicon Valley-based IP attorneys who are experts in the field of designing defensive patent portfolios for artificial intelligence and software intellectual property.

About ALIIS

ALIIS improves image quality for a superior all-light performance solution. By learning a camera profile and optimally enhancing it for improvement, images and video are corrected in a fraction of a second using edge processing. The result is superior resolution and sharpness, dramatic reductions to image noise and motion-blur, noticeable enhancements to long-range image stabilization by enabling faster shutter speeds, significantly reduced file and bandwidth requirements for storage or streaming applications, while delivering a complete imaging solution. Downstream applications include computational imaging, facial recognition, and object detection, giving it even broader market applicability.

About NexOptic Technology Corp.

NexOptic is an innovative imaging AI company based in Vancouver, Canada. We are a Preferred Partner in the NVIDIA Partner Network, and our All Light Intelligent Imaging Solutions (“ALIIS™”), is being optimized into the Qualcomm® Platform Solutions Ecosystem for select Qualcomm® Snapdragon™ mobile platforms. The Company is also engaged in the development of its award-winning sports-optic device, DoubleTake as well as mobile lens solutions. Find out more at www.nexoptic.com.

Media and Investor Enquiries

 Paul McKenzie

Chief Executive Officer

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 sports-optic device and technology, 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 technology, product designs and prototype are at an early stage and additional work will be required to confirm potential applications and feasibility of its technologies or bring product designs to market; the Company may not be able 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 prototypes and 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 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.