VANCOUVER, BC, Dec. 9, 2022
/CNW/ - NexOptic Technology Corp. ("NexOptic") (TSXV: NXO) (OTCQB:
NXOPF) (FSE: E3O1) announces that its Board of Directors has
approved the repricing of a total of 16,830,000 stock options of
the Company from original exercise prices ranging from $0.36 per share to $1.00 per share to [$0.10] per common share (collectively, the
"Options"). All other terms of the Options will remain the
same.
The repricing of the Options is subject to the approval of the
TSXV. The repricing of the 9,375,000 stock options held by insiders
of the Company is also subject to the approval of disinterested
shareholders of the Company at the Company's next annual general
meeting of shareholders, in accordance with the policies of the TSX
Venture Exchange. Details regarding the repricing of the Options
will be further disclosed in the Company's information circular for
its next annual general meeting.
ALIIS™ in a Nutshell
Engineered for today and beyond, ALIIS™ (All Light
Intelligent Imaging Solutions) is a machine-learning AI suite
providing significant energy savings, data compression and
enhancements to images and videos everywhere from the edge to the
cloud. Aliis enables faster shutter speeds, superior resolution and
sharpness, reduced image-noise and motion-blur, and enhanced image
color and detail. Aliis does all this while reducing media file
size, making it ideal for the storage and streaming applications.
Additionally, Aliis provides a fundamental "AI for AI" layer that
supercharges downstream AI performance.
These patented and patent-pending solutions can be integrated
with imaging devices such as smartphones, smart security cameras,
Internet of Things (IoT) devices, automotive platforms, medical
imaging technologies, DSLR cameras and more.
For more information, visit www.nexoptic.com/aliis
What You Need to Know About
NexOptic
NexOptic is an innovative imaging AI company headquartered in
Vancouver, Canada with operations
in Seoul, South Korea, offering
world-leading patented and patent-pending AI solutions for energy
savings, data compression and image and video enhancement known as
ALIIS™. Aliis is engineered for today and for the metaverse and
simultaneously influences the imaging and AI industries. NexOptic
is a member of the Qualcomm® Advantage Network, a Preferred Partner
in the NVIDIA Partner Network, and a member of the Arm® AI Partner
Program.
For more information, visit www.nexoptic.com
Forward-Looking
Statements
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans,"
"expects," "estimates," "intends," "anticipates," "believes" or
variations of such words, or statements that certain actions,
events or results "may," "could," "would," "might," "will be
taken," "occur," or "be achieved." Forward-looking statements in
this news release include, without limitation, statements
respecting the Definitive Agreement, expectations regarding demand
for REE, and the plans regarding exploration on the THOR Project.
Forward-looking statements involve risks, uncertainties and other
factors disclosed under the heading "Risk Factors" and elsewhere in
NexOptic's filings with Canadian securities regulators, that could
cause actual results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking statements. Although NexOptic believes that the
assumptions and factors used in preparing these forward-looking
statements are reasonable based upon the information currently
available to management as of the date hereof, actual results and
developments may differ materially from those contemplated by these
statements. Readers are therefore cautioned not to place undue
reliance on these statements, which only apply as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed times frames or at all. Except where
required by applicable law, the Company disclaims any intention or
obligation to update or revise any forward-looking statement,
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.
SOURCE NexOptic Technology Corp.