Streaming Network App to be Bundled in all 2014
Sony 4K TVs Offers More than 300 Hours of Pristine 4K Ultra HD
Movies, Concerts, Documentaries and Special Events Plus 100 Hours
of Free Content
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing
the 4K Ultra HD experience to consumers, announced today that it
has signed an agreement with Sony Electronics, the leader in the 4K
Ultra HD TV industry. Under the agreement, NanoTech’s all 4K
UltraFlix Network App will be bundled with Sony’s 2014 4K Ultra HD
TV product line. Financial terms were not disclosed.
With the agreement, Sony customers will have one-click access to
the world’s largest library of 4K VOD content. By clicking the
UltraFlix application button, viewers will be able to stream more
than 300 hours of stunning 4K travel and nature documentaries,
including 40 made for IMAX theatrical titles. In addition, users
can experience a wide selection of action/thriller, comedy, drama
and family movies as well as breath-taking extreme sports videos,
concerts, TV shows and moving murals in addition to 100 hours of
free content.
“Our decision to bundle UltraFlix with our next-generation 4K
Ultra HD TVs was based on our continual quest to deliver the most
immersive viewing experience that consumers are seeking,” said Nick
Colsey, Vice President of Sony Electronics. “We can now provide our
customers with the industry’s largest number of options for
streaming 4K VOD content combined with the best 4K Ultra HD TVs
available in the market. UltraFlix’s secure media delivery system,
combined with our state-of-the-art displays, provides the best in
consumer entertainment.”
The market for 4K Ultra HD TVs is clearly gaining momentum. HIS
Technology recently reported that sales of 4K Ultra HD TVs are
forecast to reach up to 15M sets in 2014, up from just 3M TVs in
2013. This category is expected to grow to 36M in 2015, to 49M,
60M, and 69M respectively through 2018.
Most analysts emphasize the importance of the availability of 4K
content in driving the success of 4K adoption. According to Informa
Telecoms & Media, revenue from pure OTT services like
NanoTech’s UltraFlix is estimated to grow from $14 billion in 2013
to $37 billion by 2017.
UltraFlix streams video at four times the resolution of today’s
full High-Definition TVs. With more than 8 million pixels of
resolution in 4K Ultra HD, compared to just two million pixels in
HD, the software provides a remarkably superior viewing experience
with incredible color, image edge clarity and increased depth
perception. By leveraging the latest HEVC compression standards
along with NanoTech’s 4K Studios proprietary methods, NanoTech’s
UltraFlix streaming 4K Ultra HD software achieves up to 50 percent
better compression than with H.264; effectively delivering the same
4K Ultra HD quality at nearly half the bitrate. With enhanced video
compression, adaptive streaming and intelligent bandwidth
management technologies, UltraFlix can stream visually lossless 4K
video with uninterrupted viewing at under 8Mbps, making 4K Ultra HD
available to most North American and European internet subscribers
today.
Optimized and fully tested to ensure reliable support for
UltraFlix’s 4K Ultra HD streaming content, Sony’s 2014 4K Ultra HD
TVs incorporate a decoder compatible with the latest "HEVC" video
compression format, enabling them to display 4K/60p content from
internet streams and other sources, without the need for additional
devices. Additionally, Sony has optimized its 4K Ultra HD TVs to
provide a great UltraFlix experience featuring the fastest playback
in the industry.
“Sony has been instrumental in advancing the 4K industry and
we’re very proud to partner with them,” said Aaron Taylor,
NanoTech’s Executive Vice President of Sales and Marketing. “Like
Sony, we believe 4K is the Future of Television and look forward to
a long and mutually rewarding relationship as we deliver the most
exciting 4K technologies of tomorrow – today.”
Availability
A total of nine Sony 4K Ultra HD TVs bundled with the NanoTech
UltraFlix Channel will be available in screen sizes ranging from 49
inches to 85 inches later this month. For more information on Sony
4K Ultra HD TVs and their availability, visit:
http://store.sony.com/4k-ultra-hd-tvs/cat-27-catid-XBR-4K-Ultra-HD-TVs
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 EntertainmentAndy Marken,
408-986-0100andy@markencom.com
NanoTech Entertainment (CE) (USOTC:NTEK)
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