SAN JOSE, Calif., Nov. 24, 2014 /PRNewswire/ -- NanoTech
Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra
HD experience to consumers, announced today that it has signed an
agreement with Samsung Electronics America, Inc., the global leader
in TV technology. Under the agreement, the UltraFlix 4K
streaming channel will be launched on all 2014 Samsung Ultra
High-Definition (UHD) TVs. The transactional Video-On-Demand
4K network will be available starting Tuesday November 25, on Samsung UHD TVs as a
featured 4K App. With UltraFlix, Samsung UHD TV customers
will have one-click access to more than 500 hours of pristine 4K
Ultra HD PPV movies, concerts, TV shows and special events,
including 100 hours of dazzling free content.
UltraFlix and Samsung UHD TVs will deliver ultra-sharp 4K
content with a resolution of 3840 x 2160, which is 4 times that of
Full HD (FHD) TVs. Designed to leverage the latest HEVC compression
standards, NanoTech's streaming 4K UHD software archives up to 50
percent better compression than with H.264; effectively delivering
the same 4K Ultra HD quality at nearly half the bitrate.
"Samsung is the leader in TV technology, so we are excited to
launch the UltraFlix streaming service on their complete family of
UHD TVs," said Aaron Taylor,
NanoTech's Executive Vice President of Sales and Marketing.
"Samsung continues to set new standards in innovation and immersive
viewing experiences and we look forward to partnering with them to
deliver our entire 4K UHD library."
About NanoTech Entertainment
Headquartered in
San Jose, CA, the heart of Silicon
Valley, NanoTech Entertainment is a technology company that focuses
on all aspects of the entertainment industry. With six technology
business units, focusing on 3D, Gaming, Media & IPTV, Mobile
Apps, and Manufacturing, the company has a unique business model.
The company has a diverse portfolio of products and technology.
NanoTech Gaming Labs operates as a virtual manufacturer, developing
its technology and games, and licensing them to third parties for
manufacturing and distribution in order to keep its overhead
extremely low and operations efficient in the new global
manufacturing economy. NanoTech Media develops proprietary
technology which it licenses to publishers for use in their
products as well as creating and publishing unique content.
NanoTech Media Technology includes the world's first 4K Ultra HD
streaming solution. NanoTech Communications develops and sells
proprietary apps and technology in the Mobile and Consumer space.
Clear Memories is the global leader in 3D ice carving and
manufacturing technology. 4K Studios creates digital 4K Ultra HD
content using both licensed materials as well as original
productions. NanoTech is redefining the role of developers and
manufacturers in the global market. More information about NanoTech
Entertainment and its products can be found on the web at
www.NTEK.com.
"Safe Harbor" Statement: This press release contains
forward-looking statements, including expected industry patterns
and other financial and business results that involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this press
release. Such risk factors include, among others: the
sustainability of recent growth rates in of the company; the
positioning of NanoTech Entertainment, Inc. in the market; ability
to integrate both developed and acquired companies and technology;
ability to retain key employees; ability to successfully market
product offerings and customer acceptance of products; general
market conditions, fluctuations in currency exchange rates, changes
to systems and product strategy by vendors of systems; and whether
NanoTech Entertainment, Inc. can successfully gain market share.
Actual results may differ materially from those contained in the
forward-looking statements in this press release. Since this
information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
NanoTech Entertainment, NanoTech Media, NanoTech Gaming Labs,
NanoTech Communications, MagicScreen, 4K Studios, 4K Ultra HD logo,
UltraFlix, NanoFlix, Nuvola GP-1, Nuvola NP-H1, Nuvola TV-U1,
Nuvola NP-1, Nuvola NP-C, and ProFlix UHD and their
associated logos are trademarks of NanoTech Entertainment. "The
Future of Television", "The Future of Gaming" and "The Future of
Entertainment" are Service Marks of NanoTech Entertainment.
All rights reserved. All other marks are the property of their
respective owners.
NanoTech Contact: Andy Marken
Phone: (408) 986-0100
Email: andy@markencom.com
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: dwong@ntek.com
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SOURCE NanoTech Entertainment