NexOptic Completes Third Engineering Phase of Mobile Device Telephoto Lens Prototype, Orders Parts for Construction

VANCOUVER, BC–(Marketwired – January 23, 2018) – NexOptic Technology Corp. (“NexOptic”) (OTCQX: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301)

For the audio version of today’s news release please visit https://nexoptic.com/news/

NexOptic Technology Corp. (“NexOptic”) (OTCQX: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301) is pleased to announce that it has successfully completed the third phase of engineering for its previously announced, mobile device telephoto lens prototype. “Based on simulations with our lens design to date, we believe the high-resolution image capability from a narrow field of view is an industry leading design for high-resolution, long-range images from a mobile device lens system.” said John Daugela, Chief Executive Officer.

By successfully completing phase three, NexOptic has finalized its smartphone lens stack prototype design, and has signed a purchase order for the optical elements to be built to the required specifications. Diverse Optics of California, a leading development firm specializing in precision optics, polymer optics, custom optics, optical tooling, and plastic micro optics, will build the optical elements. NexOptic anticipates the optical elements will be built and ready to start tolerance and desktop testing in approximately 10 weeks.

Results from Phase Three and Plans for Fourth Phase

During the third phase, NexOptic completed both a stray light simulation analysis and a manufacturability tolerance analysis. These analyses help confirm the design will meet all the Company’s specifications. The optomechanical design for both the lens elements and desktop model prototype were also completed during this phase.

NexOptic’s mobile lens design specification was chosen to demonstrate the capabilities of the lens design for long range viewing in a mobile device. This lens system design has an aperture of 4.8mm with an effective focal length of 11.5mm and horizontal full field of view of 25 degrees. The design will be housed in roughly a 6 to 7mm depth, the typical depth of many smartphones in the marketplace today. This lens design has a 35mm equivalent focal length of 76mm and has the potential to generate a 12MP image in a 25 degree full field of view.

All design specification numbers are approximate, and subject to change.

NexOptic believes its lens stack design for mobile devices substantially increases the potential aperture compared to leading smartphone-imaging systems currently in the market. For comparison, the Company’s design is expected to have 3.5 times more light-gathering area than a leading smartphone long-range lens with a 2.5mm aperture. Increasing the aperture within the depth constraints of a smartphone (approximately 6 to 7 millimeters) creates the potential to capture higher quality images at long ranges with these iconic consumer devices. Additionally, the lens system can have a much better diffraction limit than a smaller aperture system, providing the potential for greatly improved angular resolution.

During the next and final phase, both a desktop prototype and a smartphone prototype will be tested. The desktop prototype is intended to demonstrate the optical capability of the lens system and test different sensor configurations. Upon successful construction and testing of the desktop prototype, the prototype for smartphones will be built. The prototype for smartphones is intended to demonstrate the same optical design in a form factor potentially suitable for smartphones. The company also plans to complete the optomechanical design for the smartphone prototype during the fourth phase.

Applications and Intellectual Property Strategy

The mobile lens stack design intended for the smartphone prototype differs from NexOptic’s recently granted patent from the United States Patent and Trademark Office (refer to Company press release dated June 29, 2017) which was foundational in the proof of concept telescope prototype released in 2017. The new design enables a wider field of view while being scalable from small to large configurations, demonstrating the potential for use in diverse optical applications. The Company is currently analyzing its applicability in its first intended consumer product for the sport optics and outdoor recreation markets, which is currently in the engineering and development stage (see Company press release from November 20, 2017 for further details).

During its initial design stages, NexOptic filed a provisional patent application with the USPTO relating to mobile device lens stack designs. Having completed the third phase, the Company also intends to file a provisional patent application specific to the aforementioned finalized design. Filing of additional patent applications will be ongoing as the company progresses through its development projects.

About NexOptic Technology Corp.

NexOptic is a creative optical development company that aims to enhance the way we view the world around us. Currently focused on the development of its first consumer product for the growing outdoor recreation market, as well as a prototype for the mobile device space, NexOptic is aggressively pursuing commercial product development and perpetual optical innovation. Utilizing Blade Optics™, the Company’s developing suite of innovative optical technologies, NexOptic aims to increase apertures within given depth constraints of various imaging applications. Increasing the aperture size enables a lens system to have an improved diffraction limit, thus providing the potential for increased resolution capabilities.

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 OTCQX under the symbol “NXOPF,” on the TSX Venture as “NXO,” on Frankfurt as “E301” and Berlin as “E301.” More information is available at www.nexoptic.com.

On behalf of the Boards of Directors

NexOptic Technology Corp.
John Daugela, CEO & Director

www.NexOptic.com

Look@NexOptic.com

+1 (604) 669 – 7330

OTCQX: NXOPF
TSX-V: NXO
Frankfurt: E301
Berlin: E301

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 the Company’s technology, current or future patent applications, new products and designs, the potential applications of the Company’s technologies and its potential markets. 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 is at an early stage and additional work will be required to confirm potential applications and the feasibility thereof; pending or future patent applications may not be approved as contemplated or at all; the Company may not be able complete prototypes and designs as currently expected and prototypes may not achieve expected results; potential applications of the Company’s technology are based on limited studies and may not be representative of the broader market; the Company may not be able to commercialize its technology; the Company may not have access to necessary financing on acceptable terms or at all; and other risks inherent with the patent process, transactions of this type and the business of the Company. Such forward-looking statements should therefore be construed in light of 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 as a result 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.

NexOptic Technology Corp.
John Daugela
CEO & Director
www.NexOptic.com
Look@NexOptic.com
+1 (604) 669 – 7330