NEXOPTIC TECHNOLOGY (OTCMKTS:NXOPF)
NEXOPTIC TECHNOLOGY (OTCMKTS:NXOPF) traded higher by 5.53% in Thursday’s trading session after announcing it had received a Notice of Allowance from the United States Patent and Trademark Office (USPTO). The stock closed at $1.09. The Notice is for a patent application filed by Spectrum Optix Inc. for the Blade Optics Lens technology. Spectrum Optix is a private corporation but NexOptic has an option to acquire the company. Each of the two firm’s CEO sits on each other Board of Directors.
Blade Optics Lens Patent
The two companies expect the USPTO to issue the patent over the next 4-8 weeks. Spectrum has also filed patent applications for the technology in other key international markets.
“Securing a patent for Blade Optics™, our platform suite of lens design technologies, is a major step toward implementing our global growth and commercialization strategy,” said John Daugela, President of Spectrum Optix and Director of NexOptic.
NEXOPTIC TECHNOLOG COM NPV (OTCMKTS:NXOPF) and Spectrum Optix expect Blade Optics to break down common limitations associated with curved lens stacks.
Telephoto Lens Development
The two companies are fresh from completing an engineering trade study of a telephoto lens stack design intended for smartphones. The lens stack design builds on the benefits of the fundamental ‘compress before focus’ principle to generate high-quality images. Spectrum has already filed patent protection for the new design.
The telephoto lens stack design features a large aperture that has the potential to provide high resolution and long range for use in mobile devices. A number of designs have already been developed that the two companies say satisfy a variety of technical specifications in relation to focal length, field of view, aperture and sensor requirements.
Initial simulations indicate that the new telephoto lens design can improve angular resolution in existing smartphone lens systems. The design has the potential to double light gathering area from leading smartphone lens systems.
Spectrum Optix is currently working on the second phase of the prototype development program for mobile devices. In the second phase, the company plans to refine specifications based on industry feedback as well as completing detailed optical designs and defining lens tolerance.
The engineering trade study marks the first step in the two companies push to expand their technology pipeline. The two companies remain confident of delivering a telephoto lens system that can capture better images of objects at a distance than what is currently available. Changing the way smartphones captures images at a distance is the core objective with this telephoto lens design.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.