Spectrum to Pursue Targeted Development of its First Lens System for Imaging

Elissa Resources Ltd. and Spectrum Optix Inc. of Calgary, Canada are pleased to report that after reviewing the preliminary imaging analysis from the initial optical simulations as announced on May 20, 2015, Spectrum will now be pursuing the targeted development of its first lens system for imaging.

Spectrum's core technology contains unconventional optical elements. Utilizing its core technology, the company intends to disrupt conventional lens and image capture based systems, which may include cameras, mobile devices, and telescopes, by creating a compact lens system that reduces the depth currently required in traditional curved lens stacks. Spectrum's next phase of optical modelling and engineering will be focused on enhancing image resolution performance for its first lens system.

Intellectual Property Protection Strategy

On May 20, 2015, it was announced that Elissa had retained Smart & Biggar, a leading Canadian intellectual property law firm practicing exclusively in intellectual property and technology law, to provide advice on seeking patent protection for Spectrum's lens technologies. The companies are encouraged by the feedback received from Smart & Biggar and Spectrum anticipates that it will be filing multiple provisional patent applications in the coming weeks.

Representation Agreement with Christie Parker Hale LLP

After consultations on Spectrum's patenting strategy, the company has signed a Representation Agreement with Christie Parker Hale LLP ("CPH") of Glendale, California, to assist with the preparation and filing of its first provisional patent applications relating to the company's core lens technology and foundational optical design features.

With clients including Fortune 500 companies, mid-size businesses, start-ups and non-profit organizations, CPH helps clients with every phase of IP procurement, enforcement and defense. Spectrum selected Christie Parker Hale to help guide the company in its development of a comprehensive and high quality intellectual property portfolio due to its international reputation in intellectual property law and depth of science and technology understanding. CPH's patent attorneys have a national reputation for high caliber performance at the U.S. Patent Office and other venues.

John Daugela, President and CEO of Spectrum Optix, stated:

"I'm very pleased with the progress Spectrum has made over the last month from a technical perspective."

He continued, "Christie Parker Hale is a leading intellectual property law firm with a focus on tech. Under their guidance, I'm looking forward to filing Spectrum's first provisional patent applications in the coming weeks."

Source: http://www.elissaresources.com/

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