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Canadian Government Funds Optics Development by NexOptic/Spectrum

Photonics.com
Apr 2016
VANCOUVER, B.C., April 19, 2016 — NexOptic Technology Corp. and Spectrum Optix Inc. of Calgary, Alberta, have reported that Spectrum will receive a financial contribution of up to $49,725 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).

NRC-IRAP’s contribution is nondilutive to either NexOptic or Spectrum, and proceeds will be applied by Spectrum to two project activities. Part 1 will be a Market Assessment and Strategy Report conducted by a third-party firm and intended to identify use-cases and marketing/sector attributes for Spectrum’s patent-pending Blade Optics lens technology, with the goal of developing a commercial marketing strategy for the product.

Part 2 is intended to be used for the continual development of Spectrum’s proof-of-concept prototype: a first-of -its-kind telescope that utilizes Blade Optics.

NexOptic has an option to fully acquire Spectrum Optix. The companies said they are working as a single corporation at this time, with their respective CEOs sitting on each other’s boards of directors.


GLOSSARY
lens
A transparent optical component consisting of one or more pieces of optical glass with surfaces so curved (usually spherical) that they serve to converge or diverge the transmitted rays from an object, thus forming a real or virtual image of that object.
telescope
An afocal optical device made up of lenses or mirrors, usually with a magnification greater than unity, that renders distant objects more distinct, by enlarging their images on the retina.
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