Interesting Development.
ORIGINAL: New Korea Hub Will Accelerate Asian Market Operations for NexOptic, Explains Chairman Rich Geruson
2020-09-11 14:26 ET - News Release
VANCOUVER, British Columbia, Sept. 11, 2020 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an optics and Artificial Intelligence (“AI”) innovator, announced today that it is opening an office and commencing operations in Seoul, South Korea.
The Seoul office will be responsible for managing NexOptic’s South Korean and regional accounts, which include ongoing dialogues with leading regional OEMs. Additionally, the company is exploring the siliconization of its algorithms – embedding AI directly onto a chip – for sales into entirely new market verticals. Regionally, South Korea, Taiwan and China represent the global hub of siliconized semiconductor supply chains.
“Our All Light Intelligent Imaging Solutions (ALIIS) products are now ready for deployment on our partner platforms with NVIDIA and Qualcomm, and we anticipate customer deals for sales of ALIIS in the near future,” said Rich Geruson, NexOptic’s Chairman. “Meanwhile, we see huge future opportunity with siliconized AI by making our technology commercially viable for virtually untapped segments of the electronics industry.”
By siliconizing ALIIS, NexOptic’s delivery points become economical to a much broader array of customers. This will allow for expansion into larger market segments beyond higher-end electronics, such as smartphones, robotics, and the automotive industry.
NexOptic’s Korean operations are being managed by DaeWon Baek, who has an extensive history of successfully commercializing and licensing software to major global corporations. Mr. Baek is currently CEO of Semicon Network. Co. Ltd. and has previously held executive and VP positions at VoiceSignal and Nuance, and Motorola Korea. NexOptic’s South Korean office will bring on additional technical staff as required during its expansion into siliconized artificial intelligence.