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."
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.
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: [email protected]
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: [email protected]
SOURCE NanoTech Entertainment