NexOptic Technology Corp (OTCMKTS: NXOPF) Is Today's Tech Focus

NexOptic Technology Corp (OTCMKTS:NXOPF), the company owning a call option to acquire 100% of Spectrum Optix, has been recently making extremely volatile moves. The recent news flow has been very positive for NexOptic, which develops technologies related to imagery and light concentration applications. In this article, you will read what we know, but first take a first look at the chart of the company:SourceNexOptic Technology, Spectrum Optix - It is all about its technologyAs mentioned, the two companies, NexOptic Technology Corp. of Vancouver, British Columbia, and Spectrum Optix Inc. of Calgary, Alberta, signed an option agreement and may merge in the near future. The companies are engaged in the development of new lens systems. The new prototype being developed seems to be quite innovative since the company received a grant from the Government of Canada. The following is an image of how the prototype looks like:SourceYou can see that the prototype is a digital telescope, but with new innovations that include anticipated nearly 1:1 lens stack depth to aperture ratio. The key factor in the new technology is that the 1:1 lens will be significantly smaller than what users are used to see. The following is a video, wherein you can see a live test of the new prototype:

SourceAccording to the company, this new technology will be be able to have may other applications, such as mobile devices, cameras, binoculars, telescopes, virtual reality, gaming, microscopes and even drones.Company's announcements and Share priceThe company's share price was trading around $0.2 in 2015. The chart price remained flat until 2016, when the price started to climb sharply. In the beginning of 2017, the price went from $0.6 to touch the level of $2.50 a few weeks ago. These are extremely volatile moves, thus we went to check the company's announcements in order to understand what was going on.We focused on the news released in 2017. The first one was the announcement of the appointment of Mr. Stephen Petranek as a new director of the NexOptic Board. We agree that the profile of this new executive is quite impressive, but we cannot see that this news can cause the share price to do such a movement. We want readers to have all the information in the article, so here you can read how the company presented the new director. You can assess the value of this appointment by yourself:

"Mr. Stephen Petranek is the former editor-in-chief of several respected scientific and financial publications. He is also Co-Executive Producer of the National Geographic mini-series "MARS", which is based on, and inspired by, his book, "How We'll Live on Mars," published by Simon and Shuster and the TED Conferences. Petranek's critically acclaimed book was partly a result of extensive conversations and interviews with Elon Musk, CEO of Space-X, and senior management and leading scientists at NASA." Source

On February 21, 2017, the company communicated that it had successfully obtained the first prototype, which had captured the first photos of the moon. Electrical engineer, Larry McNish, who is a member of the Royal Astronomical Society of Canada, and has been astronomer and astrophotographer for 30 years, tested the prototype and said the following:

"I've observed and imaged through a lot of different shapes and sizes of telescopes over the last 30 years. Having the opportunity to take images with the NexOptic prototype, I believe that they have potentially created a 'paradigm shift' innovation in optical design." Source

The CEO of Spectrum Optix, John Daugela, added: "We now aim to completely shift the direction of optical design for many applications from this point forward.".We believe that this new development announced could have caused an important reaction in the stock market. It was obviously the catalyst for this stock. Another very relevant communication was received on April 4, 2017. The company released that they had initiated a study to examine the application of a new prototype for Spectrum's technology in certain mobile devices, including smart phones.As mentioned in the beginning of this article, the first milestone for this company was the development of the first product with the company's technology. Now that they have it, they are incorporating it into other applications. This process will increase revenues in the future. As the company announces more applications and uses, the share price should normally rise. This process may explain the recent uptrend in the share price.ConclusionIn our opinion, the recent volatility in the share price of NexOptic Technology is due to the announcement of new products and significant developments of its technology. Investors were waiting for these catalysts and the share price has reacted sharply this year. Once the company delivers more information about the value of the market being targeted, the shareholders may be able to obtain better idea of the real value of the shares. We encourage you to keep yourself informed about this company by checking the website or subscribing to our newsletter since it is all about information when it comes to successful investing.We will be updating our subscribers as soon as we know more. For the latest updates on NXOPF, sign up below!Disclosure: We have no position in NXOPF and have not been compensated for this article.