SAN JOSE, Calif.,
Jan. 15, 2015
/PRNewswire/ -- NanoTech Entertainment
(OTCPINK: NTEK),
a pioneer in bringing the 4K Ultra HD experience
to consumers, announced today
a licensing agreement
with MGM. With the
agreement NanoTech's award-winning 4K Ultra HD network
UltraFlix™ has been granted the
distribution rights to 5 award-winning, fan-favorite MGM films.
UltraFlix subscribers are now able to enjoy the films in stunning
4K Ultra HD from the comfort of their homes on a variety of 4K
Ultra HD platforms and TVs.
Fully restored and remastered at
4K
resolution, the
MGM signature films licensed to UltraFlix include:
− "Rocky" –
winner of 20 awards including the Academy Award® and Golden Globe
Award for Best Picture
− "Rain Man" –
winner of 26 awards, including the Academy Award and Golden Globe
Award for Best Picture
− "Fargo"
– winner of 70 awards, including the Academy Award for Best Actress
and Best Writing Original Screenplay
− "RoboCop" (1987) – winner of
11 awards including an Academy Award for sound effects
editing and received the Best Science Fiction Film Award
from the Academy of Science Fiction, Fantasy & Horror Films,
USA
− "The Good,
the Bad and the Ugly" – winner of a Golden
Laurel Award
To enhance the viewing experience, UltraFlix uses advanced video
compression, adaptive streaming and intelligent bandwidth
management technologies. These technologies enable UltraFlix to
stream visually lossless 4K video with uninterrupted viewing at
under 10 Mbps, making it available to over 90 percent of the TV
subscribers today.
"MGM has created some of Hollywood's greatest stars and is home to over
175 Academy Award-winning films, including 13 Best Picture
winners," noted Aaron Taylor, NanoTech's
Executive Vice President of Sales &
Marketing. "We're proud to be working with
them to bring some of the industry's most awarded movies to
UltraFlix
subscribers."
About UltraFlix
UltraFlix,
the world's first dedicated 4K Ultra HD network, will
enable subscribers to choose from nearly 500 hours of pristine 4K
Ultra HD content in a broad range of venues plus 100 hours of free
content. In addition to being available on NanoTech's
award-winning Nuvola™ NP-1 streaming 4K Ultra HD
media player, UltraFlix has also become
the preferred 4K Smart TV App for leading 4K Smart TV
manufacturers including Samsung, Sony, Vizio, HiSense and others
that are in the process of completing their testing and
integration. Recently, UltraFlix provided the content for
demonstrations featuring 4K Ultra HD televisions from Samsung, Sony
and LG at Best Buy's Ultra HD viewing events.
UltraFlix was awarded the Envisioneering Innovation & Design
award at the 2015 CES in Las Vegas
NV.
About Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer is a leading entertainment company
focused on the production and distribution of film and television
content globally. The company owns one of the world's deepest
libraries of premium film and television content. In
addition, MGM has investments in domestic and international
television channels and is the majority owner of and distributor
for United Artists Media Group (UAMG). For more information,
visit www.mgm.com.
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.
Agency Contact: Andy Marken
Phone: (408) 986-0100
Email: Andy@Markencom.com
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: dwong@ntek.com
Photo - http://photos.prnewswire.com/prnh/20150115/169330
Logo - http://photos.prnewswire.com/prnh/20140929/149073
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/nanotech-lands-mgm-content-licensing-agreement-for-ultraflix-all-4k-streaming-vod-network-300021112.html
SOURCE NanoTech Entertainment