VANCOUVER, British Columbia, Feb. 22, 2018 (GLOBE NEWSWIRE) --

For the audio version of today’s news release please visit: https://nexoptic.com/news/

NexOptic Technology Corp. ("NexOptic" or the "Company") (OTCQX:NXOPF) (TSX VENTURE:NXO) (FRANKFURT:E3O1) (BERLIN:E3O1) is pleased to announce that the Company has been selected for inclusion in the 2018 TSX Venture 50®, a ranking of the top performers on the TSX Venture Exchange. This marks the second consecutive year that NexOptic has achieved a TSX Venture 50® ranking in the technology sector.

“This recognition reflects the commitment that our dedicated team brings forward every day,” said John Daugela, CEO of NexOptic. Mr. Daugela added: “We appreciate the support from our shareholders and the TSX Venture Exchange in helping us achieve our goals. We are striving for even greater successes in the future.”

A video profiling NexOptic, created by the TSX Venture Exchange, will be available soon for viewing on NexOptic’s YouTube page, accessible through www.NexOptic.com, as well as on the TSX Venture Exchange website.

The TSX Venture 50® comprises 10 companies from each of the five industry sectors of the TSX Venture Exchange: Technology, Clean Technology & Life Sciences, Diversified Industries, Mining, and Energy & Energy Services. On average, these companies delivered a market capitalization increase of 631%. The shares of the TSX Venture 50® companies also represent a liquid market, having traded 4.3 billion shares over the course of 2017. TSX Venture 50® companies are selected each year based on a ranking formula with equal weighting for return on investment, market cap growth, trading volume and analyst coverage. All data are as of December 31, 2017.

About NexOptic Technology Corp.

NexOptic is a creative optical development company aiming to enhance the way we view the world around us. Currently focused on the development of its first consumer product for the growing outdoor recreation market, as well as a demonstration prototype for the mobile device space, NexOptic is aggressively pursuing commercial product development and ongoing optical innovation. Utilizing Blade Optics™, the Company’s developing suite of innovative optical technologies, NexOptic intends to increase aperture sizes within given depth constraints of various imaging applications. Increasing the aperture enables a lens system to have an improved diffraction limit, providing the potential for greatly increased resolution.

Blade Optics™ refers to NexOptic's lens designs, algorithms and mechanics, which vary from patented to patent-pending, and include all of the Company's intellectual property and know-how.

NexOptic trades on the OTCQX under the symbol "NXOPF," on the TSX Venture as "NXO," on Frankfurt as "E3O1" and Berlin as "E3O1." More information is available at www.nexoptic.com.

On behalf of the Boards of Directors

NexOptic Technology Corp.
John Daugela, CEO & Director

www.NexOptic.com
Look@NexOptic.com
+1 (604) 669-7330

OTCQX: NXOPF
TSX-V: NXO
Frankfurt: E3O1
Berlin: E3O1

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to expectations concerning the development of its technology, new products and designs, the potential applications of the Company's technologies and its potential markets. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates and are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including, among others: risks commonly associated with the development of new technologies, including that the Company's technology is at an early stage and additional work will be required to confirm potential applications and feasibility of its technologies; the Company may not be able complete the prototypes and designs as currently expected; potential applications of the Company's technology are based on limited studies and may not be representative of the broader market; the risk that prototypes and designs may not achieve expected results; the Company may not be able to commercialize its technology; the Company may not have access to necessary financing on acceptable terms or at all; and other risks inherent with the patent process, transactions of this type and the business of the Company. Such forward-looking statements should therefore be construed in light of such factors. Other than in accordance with its legal or regulatory obligations, the Company is not under any obligation and it expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.