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
Investor Contact: Dan Wong
Phone: (858) 381-4677
SOURCE NanoTech Entertainment