NexOptic’s Reimagined Binoculars, DoubleTake™, Nominated For 2019 Edison Award™

Vancouver, British Columbia, Feb. 21, 2019 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) announced today that DoubleTake™, NexOptic’s “Binoculars Reimagined”, has been nominated as a 2019 Edison Award™ Finalist for Advanced Image Capture in the Consumer Goods category.

DoubleTake is NexOptic’s ground-breaking reimagining of binoculars. Powered by a dual Blade Optics™ lens system, DoubleTake features an equivalent focal length of greater than 500mm, so users can capture spectacular images and lifelike 4K video. DoubleTake features a quad-core Ambarella H2 processor, enabling state-of-the-art digital features such as image stabilization and real-time, high resolution panning, all viewable through a 5-inch high-definition touch screen LCD display.

The 2019 Edison Award Finalists were selected globally from today’s smartest innovations, and brightest advancements across 15 distinct categories. Focused on the innovators as much as the innovations, Edison Award Winners represent game-changing products and services, as well as excellence and leadership in innovation around four criteria: concept, value, delivery, and impact. Previous winners of the Edison Award include some of the world’s most cutting-edge Fortune 500 companies, such as Apple, Microsoft, and FitBit.

“We are honored to have our technology officially recognized by some of the world’s most influential minds in modern business,” said John Daugela, CEO of NexOptic. “I believe this nomination not only speaks to DoubleTake’s disruptive potential in the consumer imaging market, but also our ability as an innovative optical design company to create products that truly resonate with today’s tech visionaries.”

Determined by 3000 global senior business executives, academics, and technology professionals, the gold, silver, and bronze winners of the 2019 Edison Awards will be announced at the annual Edison Awards Gala in New York, NY on April 4, 2019.

About the Edison Awards

Originally established in 1987 by the American Marketing Association, but an independent organization since 2008, the Edison Awards have recognized and honored some of the most innovative products and business leaders in the world and is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation.

About NexOptic Technology Corp.

NexOptic is an innovative optical development company, which aims to enhance the way we view the world around us. Currently focused on engineering its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device space, NexOptic is aggressively pursuing a multi-pronged optical innovation strategy. Utilizing Blade Optics™, the Company’s developing suite of optical technologies, NexOptic can increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved diffraction limit, providing the potential for greatly increased resolution. In 2018, NexOptic’s suite of innovations grew to include ground-breaking artificial intelligence (AI) for its optics.

Blade Optics™ refers to NexOptic's lens designs, algorithms, and mechanics, which vary from patented to patent-pending, and includes all of the Company's intellectual property and know-how.

NexOptic trades on the TSX Venture as "NXO", on the OTCQX under the symbol "NXOPF," and on Frankfurt as "E3O1". More information is available at www.nexoptic.com.

Investor Enquiries

Rhys Hanak

Tel: +1 (604) 669-7330 x 202

look@nexoptic.com

 

Media Enquiries

Matt Fitzgerald

Tel: +1 (781) 740-4050 x 104

mfitzgerald@elevator-north.com

 

Product Enquiries

Kerri McTaggart

Tel: +1 (604) 669-7330 x 304

kerri.mctaggart@nexoptic.com

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