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NexOptic (TSXV:NXO) receives notice of allowance for US patent of key AI discovery

Technology
TSXV:NXO
12 May 2021 12:45 (EDT)

The United States Patent and Trademark Office has issued a notice of allowance for NexOptic’s (NXO) patent application for low light technology.

The new technology is part of the company’s All Light Intelligent Imaging Solutions (ALIIS), a suite of AI solutions for all levels of imaging including video, data compression and more.

A notice of allowance is an indication that the invention qualifies for a patent and that administrative and other steps are required prior to its issuance. An invention is still considered “patent pending” until the final patent has been issued.
Once issued, the patent will provide key intellectual property protection for NexOptic’s AI technology. The company is expecting additional approvals for pending patents and continues to file patents covering all aspects of its ALIIS technology.
“We want our leadership position in AI imaging fortified by a growing patent estate,” said Paul McKenzie, co-founder and CEO of NexOptic. “This notice of allowance is a meaningful step in this direction.”
NexOptic is an innovative imaging AI company headquartered in Vancouver with operations in Seoul, South Korea and offering a world-leading AI suite.
NexOptic Technology Corp. (NXO) is steady, trading at $0.30 per share as of 11:59 am ET.
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