Mr. Paul McKenzie reports

NEXOPTIC ANNOUNCES RESULTS FROM INTERNAL NETFLIX BENCHMARK TESTING OF NEXCOMPRESS(TM) LIVE NEXCOMPRESS(TM) DEMONSTRATION AT 1:15 PM PST TODAY

Nexoptic Technology Corp. has released the results from its internal testing of NexCompress, its flagship video compression artificial intelligence technology. Nexoptic is hosting a live demonstration of NexCompress at 1:15 p.m. PST today.

As part of its commercialization strategy, Nexoptic has been onboarding a select group of interested companies onto its evaluation portal, which allows these potential customers to test NexCompress in real time with their own video data. Initial feedback has been overwhelmingly positive. The self-serve, private portal is helping to accelerate the number of potential customers that can evaluate NexCompress while reducing load on Nexoptic's internal engineering resources.

The company's internal testing has focused on evaluating NexCompress's capabilities for high-end streaming applications. Nexoptic used the Netflix open-source content, which includes seven studio-quality short films provided by Netflix as a common reference for prototyping bleeding-edge technologies. Nexoptic evaluated more than 2,000 data points using Netflix's video multimethod assessment fusion (VMAF) scoring system. The results of the testing showed that NexCompress is capable of providing bandwidth savings ranging from 10 per cent to 60 per cent, depending on the content, as provided via Netfix's VMAF.

"We're excited to announce these impressive results from our internal testing of NexCompress using Netflix's open-source content," said Paul McKenzie, chief executive officer of Nexoptic. "The bandwidth savings achieved by NexCompress are impressive, and we are confident that our technology can help streaming services reduce their data usage, energy consumption and, ultimately, save money."

Nexoptic is taking a two-pronged approach to commercializing NexCompress, using both cloud and hardware solutions. The company is currently evaluating a shortlist of AI cloud and hardware suppliers as part of its go-to-market strategy. The selection of the top hardware/cloud provider is expected within the next four weeks.

With an objective to simultaneously reduce the carbon footprint of stream companies while saving them money, Nexoptic believes that NexCompress has the potential to revolutionize the streaming industry by providing significant bandwidth and energy savings without sacrificing image quality.

Nexoptic continues to broaden access to its evaluation portal, including to select members of the public to test NexCompress with their own video data.

NexCompress is patented and patent pending and is part of Nexoptic's broader ALIIS (all-light intelligent imaging solutions) suite of artificial intelligence imaging applications. NexCompress is complementary to, and in fact can, supercharge existing codec methods currently used by large video streaming companies like Netflix and others.

About Nexoptic Technology Corp.

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.

An anonymous director reports