| October 13, 2021 VANCOUVER, British Columbia, October 13, 2021 (GLOBE NEWSWIRE) – NexOptic Technology Corp. (“NexOptic” or the “Company”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in cutting-edge patented and patent pending Artificial Intelligence (AI) announced today that it has entered a commercial partnership with NTek Device (“NTek”) of South Korea. NTek Device is an indispensable partner to a vast array of clients in mobile cameras, surveillance cameras, and automotive cameras. Today’s announcement has NexOptic joining the likes of some of the most respected and influential imaging solution companies as chosen by NTek for their overwhelming quality and reliability in the image enhancement sector for CMOS image sensor (“CIS”) based solutions. “A key to our success is discovering the next big solutions in imaging early, and so we’re very excited to be able to now bring artificial intelligence solutions as impactful as Aliis to large segments of the imaging industry,” said Hyun-Chul Kim, CEO of NTek Device. “Aliis is a major breakthrough that will deliver enormous value to us by allowing us to immediately provide effective artificial intelligence integration directly to our clients.” NTek is partnered with virtually all Korean camera image development firms and module manufacturers. It is a leading semiconductor supplier to the mobile, video security, and automotive industries as well as a provider of embedded solutions for internet and data communication equipment throughout the Asia Pacific region and beyond. NTek has significant product distribution centres in Korea and Hong Kong and partnership distribution networks in Shenzhen, China and Taipei, Taiwan. Its voluminous list of customers includes Partron and Powerlogics, as well as Korean leaders in video security with global reach. It delivers CIS hardware and software to its vast customer network which includes Hanhwa Techwin, IDIS, CPRO, and Truen in addition to key automobile imaging companies like Thinkware, Finedigital, and NC&. CIS, “the eyes of a camera,” is a keystone product in the imaging tech industry and is key to NTek and NexOptic’s plans for positioning themselves into expanding roles in the 5G ecosystem. NTek customer firms in the CIS sector include Sony, Samsung, Omnivision, Onsemi, Hynix, Galaxycore, Lexar, Harvetek and others. NTek provides customized solutions to client firms by cross-checking available CIS products; this is part of what makes NTek so successful and why they’ve been able to sustain their robust 20% growth rate year over year. “It is exciting to be able to introduce a company with the influence and reach of NTek as our first ‘ALIIS™ Certified Distributor,’” said Richard Geruson, Chairman of NexOptic. “NTek’s impeccable reputation for selecting best in breed partnerships, and its strong relationships with some of Asia’s largest and most respected corporations in imaging, speaks volumes as to what Aliis can deliver to NTek’s global customer base.” For more information, visit www.ntek-device.com ALIIS™ in a Nutshell ALIIS™ (All Light Intelligent Imaging Solutions) is a machine-learning AI suite providing instant enhancement to images and videos in the areas of edge processing, shutter speed, resolution and sharpness, image-noise and motion-blur, and image colour and detail. These patented and patent pending solutions can be integrated with imaging devices such as smartphones, smart security cameras, Internet of Things (IoT) devices, automotive platforms, medical imaging technologies, DSLR cameras and more. Additionally, Aliis does all of this while compressing data and reducing media file size, making it ideal for the storage and transmission of image data. Qualcomm featured Aliis in its 5G Summit 2021 press kit announcing the new 700-series chipset for mobile devices: the Snapdragon 778G, and a recent webinar hosted by ARM and their Senior AI Ecosystem Manager set a live global audience attendance record. For more information, visit www.nexoptic.com/aliis. What You Need to Know About NexOptic NexOptic is an innovative imaging AI company headquartered in Vancouver, Canada with operations in Seoul, South Korea, offering world-leading patented and patent pending AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions). NexOptic simultaneously influences the imaging and AI industries and is a Preferred Partner in the NVIDIA Partner Network, a member of the Arm® AI Partner Program, and a member of the Qualcomm® Platform Solutions Ecosystem. For more information, visit www.nexoptic.com What You Need to Know About NTek Device NTek Device is a global supplier and distributor of CMOS Image Sensor (CIS) technologies to the mobile, automotive and security imaging industries, as well as a provider of embedded internet and data communications equipment. NTek is headquartered in South Korea, with operations in Hong Kong, Taipei and Shenzhen, and has partnered with some of the most respected names in imaging. For more |