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Microcap & Penny Stocks : NexOptic Technology Corp
NXOPF 0.003500.0%Oct 28 3:30 PM EDT

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From: togrok9/20/2022 10:39:00 AM
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Rich Geruson, NexOptic Chairman, Announces Appointment of New Chief Financial Officer September 20, 2022

VANCOUVER, British Columbia, September 20, 2022, (CISION) – NexOptic Technology Corp. (“NexOptic”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1) is very pleased to report that Mr. Chulhyun (“Wayne”) Cho is joining as its new Chief Financial Officer. Mr. Cho brings a wealth of experience in finance and accounting to the team, including 8 years with Deloitte & Touche LLP (“Deloitte”) where he led various assurance and consulting projects for different types of corporate clients of varying sizes during his tenure. He subsequently served as the head of finance for 2 large organizations in resource and service industries for 6 years after leaving Deloitte. With his well-rounded experiences serving as both provider and recipient of professional advisory services, as well as through the public accounting practice he is currently serving as a lead accountant for, Mr. Cho has successfully guided clients both large and small across many industries and geographic regions in identifying risks, developing strategy, and overseeing cross-functional and multi-national teams in the execution of internal controls and annual financial statement audits.

Native to South Korea, Mr. Cho possesses a deep understanding of Korean culture, which he has effectively leveraged at various junctures throughout his career. “I am grateful for the opportunity to join and serve an innovative organization, such as NexOptic. I look forward to working closely with the management team and board members to contribute to the company’s future growth,’ said Mr. Cho on his appointment.“I’m very pleased to be able to appoint as CFO, someone as uniquely qualified to assist us in our future growth initiatives as Wayne Cho.” Said Paul McKenzie, Co-Founder and CEO of NexOptic. “Today’s announcement is timely as our Korean subsidiary, NexOptic Asia continues to become increasingly relevant to our growth strategy.”

In addition to his Chartered Professional Accountant, Chartered Accountant (“CPA CA”) designation, Mr. Cho holds Certified Internal Auditor (CIA) designation and is currently working towards his Chartered Business Valuator (CBV) designation.

NexOptic’s management and Board of Directors wishes to sincerely thank Ms. Samantha Shorter, whom Mr. Cho is replacing as CFO for her professionalism and her many contributions made to the Company. Ms. Shorter will remain as a consultant to NexOptic.

The Company also wishes to report that the sales and marketing initiatives specific to its AI suite of technologies, Aliis, continue with fervour including from its Korean subsidiary operations, NexOptic Asia, with the full support of NexOptic’s highly skilled Canadian AI team members.

NexOptic also anticipates announcing the appointment of a new investor relations professional soon.

ALIIS™ in a Nutshell
Engineered for today and for the metaverse, 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
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