VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2015) - Elissa Resources Ltd. (TSX VENTURE:ELI)(FRANKFURT:E3O) ("Elissa") and Spectrum Optix Inc. of Calgary, Canada ("Spectrum" and together with Elissa, the "Companies") are pleased to provide the following update on Spectrum's operations.
Filing Receipt of First Provisional Patent Application
Spectrum reports that earlier this month it received a filing receipt from the United States Patent and Trademark Office in respect to the company's first provisional patent application relating to imaging.
Spectrum's first provisional patent application outlines its core technology, which contains flat lenses, and how it may be used in an imaging method to obtain a quality image with a compact lens system, among other features.
The provisional patent application was prepared by Spectrum and its intellectual property counsel at Christie Parker Hale LLP of Glendale, California.
John Daugela, President and CEO of Spectrum Optix, stated:
"Being in the highly competitive and innovative industry of optics, establishing a strong IP portfolio is a top priority for Spectrum. Our first application is a milestone that will pave the way for additional provisional patent applications as our team continues their creative engineering process."
Technology Development
Further to the joint Elissa / Spectrum news release dated July 23, 2015, Spectrum is pleased to report that an optical work bench test validated results from previously conducted computer imaging simulations. The optical work bench successfully validated, in the real world, basic image retention ability of Spectrum's core lens technology across multiple wavelengths.
Spectrum is now engineering the technical specifications for the interrelations between field of view, resolution, aperture size and focal length as it pertains to imaging. Furthermore, Spectrum is working to determine which additional optical elements, aside from its core technology, may be incorporated into its first prototype design for an imaging application. Once determined, the Companies will announce, via joint news release, the first vertical for imaging that Spectrum intends to pursue.
Spectrum Optix Inc. is developing technologies relating to imagery and light concentration applications. Utilizing its core technology, the company aims to disrupt conventional lens and image capture-based systems, which may include telescopes, cameras and mobile devices, among others, by creating a compact lens system.
Elissa has an option to acquire, in the aggregate, 100% of Spectrum Optix, and is in the process of changing from a Mining Issuer to a Technology Issuer on the TSX Venture Exchange (the "Change of Business" or the "COB"). The COB is subject to regulatory and shareholder approvals and upon completion Elissa intends to change its name to Nexoptic Technology Corp. or such other name as the Elissa board of directors may determine. The shares in the Company are halted and are expected to remain halted pending receipt by the TSX Venture Exchange of required documentation.
On behalf of the Boards of Directors