Nexoptic Technology Corp V.NXO

Alternate Symbol(s): NXOPF

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its patented and patent pending AI for imaging called All Light Intelligent Imaging Solutions (Aliis). Aliis can reduce storage and streaming requirements needed for videos and images while also improving image quality in all types of environmental conditions. Aliis delivers by learning a camera profile and optimally enhancing, pixel by pixel, its quality and its resolution in a fraction of a second, using edge processing. Its NexCompress, a video compression enhancement solution, offers bandwidth and storage savings for video storage and streaming applications.

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Nexoptic Technology Corp > Holding out hope

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Comment by Damn1212on Feb 20, 2022 8:12pm

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Post# 34447011

RE:Holding out hope

@ Wed

Your only hope is Rich G and his resume ? Ouchh sorry bud but see below.

Rich has already moved, no mention of NXO on his Linkedin timeline or anywhere else for that matter. I mentioned this a while back.

What does that tell you ?

Experience

CEO and Chairman
GBSINov 2018 - Present · 3 yrs 4 mosMenlo Park, CA
- • Provide Global Board Services and Investments for public and private companies.
  • Served on 28 Boards of Directors and 39 Advisory Boards across three continents.
  • Appointed as Chairman, Board Director, Board Advisor, Managing Director, and General Partner.
  • Guide businesses with segment expertise in AI, IoT, Mobile, Software, FinTech, HealthTech, Networking, Computers, and Imaging Technology.• Provide Global Board Services and Investments for public and private companies. • Served on 28 Boards of Directors and 39 Advisory Boards across three continents. • Appointed as Chairman, Board Director, Board Advisor, Managing Director, and General Partner. • Guide businesses with segment expertise in AI, IoT, Mobile, Software, FinTech, HealthTech, Networking, Computers, and Imaging Technology.
CEO and President
Lexmark · Full-timeOct 2017 - Nov 2018 · 1 yr 2 mosLexington, KY
- • Led Lexmark, the multi-billion dollar, Fortune-500 IBM imaging division spin-off, with over 10,000 employees, serving accounts ranging over $100M across 170 countries and in every industry sector.
  • Grew device sales faster than any time in the previous 10 years from 1.35M to 1.48M units, and as a result, increased market share and restored the installed base, and simultaneously…
  • Executed deep process reengineering, thereby transforming the business from negative EBITDA to a positive $303M EBITDA and reducing a high debt level to a healthier debt level, from a debt/EBITDA ratio over 10 to 5.
  • Exceeded both revenue and EBITDA targets month after month and every quarter, and overachieved annual EBITDA target by 2x.
  • Achieved the largest reduction in channel inventory in company history from 44 to 29 billion pages, thus eliminating excess inventory payments and stabilizing the business.
  • Executed the biggest product launch in company history refreshing 92% of the product line.
  • Restructured the company, globalized services, and re-engineered systems and processes, and specifically lowered cycle time by 49%, cut SKUs by 51%, reduced parts by 24%, and eliminated overdesign.
  • Expanded the addressable market by launching new low-end product offerings that leveraged newly acquired manufacturing capabilities, and developed new OEM and Channel partners.
  • Stimulated installed base productivity with vertical and horizontal software solutions, and price incentives.
  • Led Lexmark, the multi-billion dollar, Fortune-500 IBM imaging division spin-off, with over 10,000 employees, serving accounts ranging over $100M across 170 countries and in every industry sector. • Grew device sales faster than any time in the previous 10 years from 1.35M to 1.48M units, and as a result, increased market share and restored the installed base, and simultaneously… • Executed deep process reengineering, thereby transforming the business from negative EBITDA to a positive $303M EBITDA and reducing a high debt level to a healthier debt level, from a debt/EBITDA ratio over 10 to 5. • Exceeded both revenue and EBITDA targets month after month and every quarter, and overachieved annual EBITDA target by 2x. • Achieved the largest reduction in channel inventory in company history from 44 to 29 billion pages, thus eliminating excess inventory payments and stabilizing the business. • Executed the biggest product launch in company history refreshing 92% of the product line. • Restructured the company, globalized services, and re-engineered systems and processes, and specifically lowered cycle time by 49%, cut SKUs by 51%, reduced parts by 24%, and eliminated overdesign. • Expanded the addressable market by launching new low-end product offerings that leveraged newly acquired manufacturing capabilities, and developed new OEM and Channel partners. • Stimulated installed base productivity with vertical and horizontal software solutions, and price incentives.
CEO and President
Phoenix Technologies · Full-timeFeb 2011 - Oct 2017 · 6 yrs 9 mosCampbell, CA
- • Led the world leader in firmware (BIOS and embedded software), and consumer PC optimization software with billions of units installed, serving IoT and mobile devices customers (Notebooks, Tablets, PCs)
  • Re-engineered the business creating exceptional EBITDA performance of over 25% by the first year-end and sustained high margin levels in the 20% to 25% range for the next 6 years straight.
  • Negotiated nonessential IP sale for an unprecedented $30M.
  • Saved business from customer relations catastrophe and reestablished strong relationships with customers with quick action to rescue soured contracts by renegotiating and restructuring deals at ODMs and OEMs that had previously abandoned Phoenix due to management neglect and prior product inadequacies.
  • Conducted acquisition searches culminating in the purchase of a complementary company, doubling revenue.
  • Uncovered software royalty revenue from unreported customer shipments exceeding $5M in a quarter.
  • Secured monopoly share-of-business at largest, fastest-growing PC OEM.
  • Identified and closed large scale Government projects creating highest margin businesses (44% to 70%).
  • Increased headcount productivity to 151% of the nearest competitor.
  • Awarded Microsoft’s highest accolades and displaced competitor servicing Intel in industry-recognized coup, resulting in the taking over of the development of Intel’s next-generation reference BIOS.• Led the world leader in firmware (BIOS and embedded software), and consumer PC optimization software with billions of units installed, serving IoT and mobile devices customers (Notebooks, Tablets, PCs) • Re-engineered the business creating exceptional EBITDA performance of over 25% by the first year-end and sustained high margin levels in the 20% to 25% range for the next 6 years straight. • Negotiated nonessential IP sale for an unprecedented $30M. • Saved business from customer relations catastrophe and reestablished strong relationships with customers with quick action to rescue soured contracts by renegotiating and restructuring deals at ODMs and OEMs that had previously abandoned Phoenix due to management neglect and prior product inadequacies. • Conducted acquisition searches culminating in the purchase of a complementary company, doubling revenue. • Uncovered software royalty revenue from unreported customer shipments exceeding $5M in a quarter. • Secured monopoly share-of-business at largest, fastest-growing PC OEM. • Identified and closed large scale Government projects creating highest margin businesses (44% to 70%). • Increased headcount productivity to 151% of the nearest competitor. • Awarded Microsoft’s highest accolades and displaced competitor servicing Intel in industry-recognized coup, resulting in the taking over of the development of Intel’s next-generation reference BIOS.
CEO and Chairman
GBSI · Full-timeDec 2007 - Jan 2011 · 3 yrs 2 mosSaratoga, CA
- • Provided Global Board Services and Investments for public and private companies across three continents. • Appointed as Board Director, Board Advisor, Interim CEO etc., including appointments to Audit, Finance, Strategic Planning, and Compensation Committees. • Served on dozens of Boards and dozens of Advisory Boards.
CEO
VoiceSignal · Full-time2003 - 2007 · 4 yrsWoburn, MA