Rich Geruson, President of NexOptic, Announces Appointment of New Chief Financial Officer

VANCOUVER, BC, September 20, 2022 /PRNewswire/ – NexOptic Technology Corp. (“NexOptic”) (TSXV: NXO) (OTCQB: NXOPF) (FSE: E3O1) is very pleased to announce that Mr. Chulhyun (“Wayne”) Cho joins as new CFO. Mr. Cho brings a wealth of finance and accounting experience to the team, including 8 years with Deloitte & Touche LLP (“Deloitte”) where he led various insurance and advisory projects for different types of corporate clients from different sizes during his tenure. He then held the position of Head of Finance for 2 large organizations in the resource and service industries for 6 years after leaving Deloitte. Through his comprehensive experiences as a provider and recipient of professional consulting services, as well as through the practice of public accounting for which he is currently a senior accountant, Mr. Cho has successfully guided clients large and small , across multiple industries and geographies in identifying risk, developing strategy, and overseeing cross-functional and multinational teams in performing internal controls and annual financial statement audits.

Native South KoreaMr. Cho has a deep understanding of Korean culture, which he has effectively utilized at various points in his career. “I am grateful to have 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 future business growth,‘ said Mr. Cho upon his appointment. “I am very pleased to be able to appoint as Chief Financial Officer such a qualified individual 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 the Chartered Internal Auditor (CIA) designation and is currently working towards obtaining the Chartered Business Valuator designation ( EEA).

NexOptic’s management and board of directors would like to sincerely thank Ms. Samantha shorter, whom Mr. Cho replaces as Chief Financial Officer for his professionalism and his many contributions to the Company. Ms. Shorter will remain a consultant for NexOptic.

The company would also like to report that sales and marketing initiatives specific to its suite of AI technologies, Aliis, are continuing with fervor, including from its Korean subsidiary, NexOptic Asia, with the full support of highly respected members. qualified for NexOptic’s Canadian AI team.

NexOptic also expects to announce the appointment of a new investor relations professional soon.

ALIIS™ in brief
Designed for today and for the metaverse, ALIIS™ (All Light Intelligent Imaging Solutions) is a machine learning AI suite that delivers significant power savings, data compression, and image and video enhancements everywhere, from the edge to the cloud. Aliis enables faster shutter speeds, higher resolution and sharpness, reduced image noise and motion blur, and improved color and image detail. Aliis does all this while reducing the size of media files, making it ideal for storage and streaming applications. Additionally, Aliis provides an “AI for AI” foundational layer that improves the performance of downstream AI.

These patented and patent-pending solutions can be integrated into imaging devices such as smartphones, smart security cameras, Internet of Things (IoT) devices, automotive platforms, medical imaging technologies, DSLR cameras, etc.

For more information, visit www.nexoptic.com/aliis

What you need to know about NexOptic
NexOptic is an innovative imaging AI company based in Vancouver, Canada with operations in Seoul, South Korea, offering world-leading patented and patent-pending artificial intelligence solutions for energy saving, data compression and image and video enhancement, known as ALIIS™. Aliis is built 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 of the NVIDIA Partner Network and a member of the Arm® AI Partner Program. For more information, visit www.nexoptic.com

Forward-looking statements
This press 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 fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of words such as “anticipates”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of these words, or statements that certain actions, events, or results “may”, “could”, “will”, “could”, “will be taken”, “will occur” or “will be achieved”. Forward-looking statements in this press release include, but are not limited to, statements regarding the definitive agreement, expectations regarding the ETR application and plans regarding exploration on the THOR Project. Forward-looking statements involve risks, uncertainties and other factors disclosed under “Risk Factors” and elsewhere in NexOptic’s filings with Canadian securities regulators, which could cause results, performance, Actual prospects and opportunities differ materially from those expressed or implied by such statements. forward-looking statements. Although NexOptic believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based on information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by such statements. . Readers are therefore cautioned not to place undue reliance on such statements, which speak only as of the date of this press release, and no assurance can be given whether such events will occur within the timeframes stated or not. at all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, 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 press release.

SOURCE NexOptic Technology Corp.

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