NexOptic Technology Corp. (TSXV: NXO / OTCQB: NXOPF / FRA: E3O1) Technology Company Looking to Disrupt the AI and Lens Market – Introductory Note
Fundamental Research Corp has issued a report entitled “NexOptic Technology Corp. (TSXV: NXO / OTCQB: NXOPF / FRA: E3O1) Technology Company Looking to Disrupt the AI and Lens Market – Introductory Note†and dated February 20, 2020. The full report is now atKey Highlights
 NexOptic Technology Corp. (“NexOpticâ€, “companyâ€) is a technology company focused on developing and commercializing its intellectual property in the artificial intelligence and optical/lens space. The company has three definitive product offerings (DoubleTakeTM, Artificial Intelligence: ALLISTM, Mobile Lens), with DoubleTakeTM in the latest stage of commercialization (expected late Q1-2020 / early Q2-2020).
 ALLISTM (“Advanced Low Light Imaging Solutionâ€) is a patent pending machine learning artificial intelligence system. ALLISTM is a software solution that can be incorporated into small imaging devices such as smartphones, internet of things (“IoTâ€) devices, automotive platforms, medical imaging, and smart security cameras, to provide instantaneous low-light imaging. The global low-light imaging market is expected to grow from a market size of US$10 billion in 2019, to US$18.4 billion by 2024 – a compound annual growth rate (“CAGRâ€) of 13% (Source: MarketsandMarkets).
 DoubleTakeTM resembles a significant modernization to standard binoculars in the market. The key technology of DoubleTakeTM is patent pending, has won multiple awards, and is expected to be a strong competitor to Go Pro Inc’s (NASDAQ: GPRO) suite of products. DoubleTakeTM utilizes an advanced image processor, boasts the latest generation image sensors, has numerous digital features and high-resolution panning. The global market value of action cameras in 2018 was US$4.47 billion and is expected to grow to US$10.25 billion by 2026 – a CAGR of 11% (Source: Statista).
 Mobile Lens is expected to be a lens system which would allow smartphone devices to capture higher quality images. According to the company, third-party validation was completed by Optikos Corporation (a provider of innovative applications of optical technology) in 2018. Testing showed 35% better resolution than smartphone lenses in the market at that time. Given the short product life cycle of smartphones, we deem it unlikely that the preceding statement still holds true in today’s smartphone lens market.
NexOptic’s management team and board of directors is comprised of highly experienced technology veterans. Mr. Geruson, Chairman of NexOptic, has held CEO positions at Lexmark International, Phoenix Technologies and VoiceSignal Technologies.
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