LAS VEGAS, Jan. 9, 2015 /PRNewswire/ -- NanoTech Entertainment (OTC Pink: NTEK), a pioneer in bringing state-of-the-art television experiences to consumers, today announced that UltraFlix™, its all 4K streaming network, has been honored with the Envisioneering Innovation and Design Award at the ShowStoppers event held during the 2015 Consumer Electronics Show (CES) in Las Vegas this week.
UltraFlix was selected for the award by a team of inventors, technologists, psychologists, marketers, industrial designers and researchers at The Envisioneering Group. Products submitted by more than 100 companies participating in ShowStoppers were reviewed to determine which were the most innovative.
With more than 500 hours of pristine digital 4K films, including a 34 made-for-IMAX films, UltraFlix offers the world's largest library of 4K VOD content. UltraFlix movie categories range from sci-fi, action/thriller, comedy, drama and family movies to extreme sports videos, concerts, TV shows, special events and moving murals. UltraFlix also offers 100 hours of free content.
UltraFlix streams 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 a combination of 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 traditional streaming networks; 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.
"Envisioneering has more than 30 years of experience in assessing and leveraging new and emerging technologies, inventions, products and services that are beneficial to consumers," said Aaron Taylor, NanoTech's Executive Vice President of Sales & Marketing. "We are truly honored to be recognized by such a prestigious group."
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