Source:
https://valiantceo.com/nexoptic-ceo-paul-mckenzie/
QUOTE
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Lots of companies provide software solutions for compression, but honestly, we’re doing something unique – stripping image noise prior to compressing data at the source, in real-time. That’s our biggest strength. NexOptic is removing the ‘excess’ before it even reaches compression software.
We’re not a commoditized compression technology, but rather, we strip out image noise, which otherwise cannot be compressed. That makes NexCompress™ an effective add-on to existing CODECs.
Our closest competitors would be CODECs (which are devices or programs that encode or decode data streams), but NexCompress is really an additional tool, not a direct competitor.
UNQUOTE
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That was in Feb. 2023 (see above).
Let me make a guess, NexOptic has surely improved and further developed its technology (see in this respect also their PR of Oct. 24, 2024).
Kind regards
InvestAI