NexOptic Releases Video Rendering of First-of-Its Kind Telescope Prototype

NexOptic Technology Corp. ("NexOptic") (OTCQB: NXOPF, TSX VENTURE: NXO, Frankfurt: E301, Berlin: E301) and Spectrum Optix Inc. of Calgary, Canada ("Spectrum,") and together with NexOptic (the "Companies"), are pleased to report the release of their proof-of-concept prototype (“POC”)  video rendering presentation.

As previously disclosed, the Companies are nearing assembly completion of their prototype, which is a first-of-its kind telescope utilizing Spectrum's patent pending Blade Optics™ lens technology.

The POC will be a feature-rich telescope with a near 1 to 1 aperture to depth ratio, unprecedented form factor, significant effective focal length and a C-mount for the attachment of a specialized camera system. The prototype video presentation, which shows the design rendering and planned features of the device, are available online for viewing at NexOptic.com.

“This is an exciting time for NexOptic because our telescope prototype is almost complete,” said John Daugela, President & CEO of Spectrum and Director of NexOptic. “I believe its completion will be an inflection point for NexOptic as it will demonstrate to the marketplace just how transformative our patent-pending Blade Optics™ lens technology could be for several potential imaging applications. Our technological goal with the POC is simple - demonstrate Blade Optics™’ ability to help substantially reduce the depth in a lens stack while delivering quality imagery similar to that produced from a conventional lens system.”

Ruda Cardinal, Inc. (“Ruda”) of Tucson, Arizona, a global leader in optical prototype construction and design, recently advised the Companies that all optical elements required to construct the POC have been manufactured and delivered to their headquarters.

Ruda is assembling the prototype and will conduct internal optical testing and characterization upon completion to ensure it meets the design requirements. The Companies also report that custom image processing software development for the prototype is well underway and the camera to be attached to the prototype has been delivered.

NexOptic Now Trading on Berlin Stock Exchange

The Companies are also pleased to report that the Berlin Stock Exchange has accepted the common shares of NexOptic to trade on the Berlin Open Market (or Freiverkehr). Shares of NexOptic continue to also trade on the TSX Venture (Canada) and Frankfurt (Germany) stock exchanges as well as the OTCQB Venture Marketplace (USA).

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