Director Mel Klohn Retires.
Employee and Director Incentive Packages Set. September 29, 2021
VANCOUVER, British Columbia, September 29, 2021 – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge patented and patent pending Artificial Intelligence (AI) announced today that Mel Klohn has resigned from the Company’s Board of Directors, as part of his personal retirement plan. Mr. Klohn will remain a consultant to the Company.
“Mel has been a great Director as well as a great personal friend.” said Paul McKenzie, Co-Founder and CEO of NexOptic. “On behalf of every NexOptic team member, we all thank him for his exceptional contributions, and wish Mel a fulfilling retirement.”
Stock Option & RSU Grant
NexOptic also reports that it has granted an aggregate of 1,835,000 stock options to Company employees, consultants, and officers for a term of 5 years and an exercise price of CAD $0.75. It has also granted an aggregate of 1.5 million restricted share units (the “RSUs”) to its directors, officers, and employees pursuant to the Company’s Incentive plan at a deemed value of CAD $0.74.
NexOptic’s stock and RSU based plans are aimed to compensate the many NexOptic team members working towards the Company’s long-term objectives and in alignment with our shareholders’ best interest.
ALIIS™ in a Nutshell
ALIIS™ (All Light Intelligent Imaging Solutions) is a machine-learning AI suite providing instant enhancement to images and videos in the areas of edge processing, shutter speed, resolution and sharpness, image-noise and motion-blur, and image colour and detail. 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. Additionally, Aliis does all of this while compressing data and reducing media file size, making it ideal for the storage and transmission of image data.
Qualcomm featured Aliis in its 5G Summit 2021 press kit announcing the new 700-series chipset for mobile devices: the Snapdragon 778G, and a recent webinar hosted by ARM and their Senior AI Ecosystem Manager set a live global audience attendance record. Ongoing marketing support from our partners is anticipated. 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 imaging known as ALIIS™ (All Light Intelligent Imaging Solutions). NexOptic simultaneously influences the imaging and AI industries and 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. For more information, visit www.nexoptic.com. |
