LAS VEGAS, Jan. 7, 2015
/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 Hisense
Electronics, the leader in the 4K Ultra HD TV industry.
Under the agreement, NanoTech's all 4K UltraFlix Network App will
be bundled with Hisense's 4K Ultra HD TV product line. Financial
terms were not disclosed.
With the agreement, Hisense 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 500 hours of stunning 4K travel and nature documentaries,
including 40 made for IMAX theatrical titles. Martial Arts enthusiasts will be able to watch
dozens of stunning 4K Ultra HD martial arts movies exclusively on
the Iron Dragon TV channel in UltraFlix. 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 plus 100 hours of free
content.
"Giving our consumers access to 4K content is key, and UltraFlix
provides an incredible library of 4K Ultra HD content," said
Erin Magee, Marketing Director of
Hisense. "We can now provide consumers with the best options for
streaming 4K VOD content combined with the best 4K Ultra HD TV
experience."
The market for 4K Ultra HD TVs continues to expand faster than
predicted. HIS Technology 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 and 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.
"Hisense has been China's
largest TV manufacturer, and is now making a significant play for
the US market," said Aaron Taylor,
NanoTech's Executive Vice President of Sales and Marketing. "With
distribution deals with major outlets including Costco, Best Buy
and Walmart, UltraFlix- powered Hisense 4K TVs will reach huge
market penetration this holiday season. We are very excited to
partner with Hisense. We believe 4K is the Future of Television and
look forward to the relationship as we deliver the most exciting 4K
technologies consumers can experience."
About Hisense USA
Corporation
Established in 2001, Hisense USA Corporation is a wholly owned subsidiary
of the Hisense Company Ltd., headquartered in Qingdao, China. Hisense USA offers a broad range of technology driven
consumer electronics products that are manufactured and distributed
across North American, including televisions, refrigerators,
air-conditioners, dehumidifiers, beverage coolers and freezers.
Learn more at www.hisense-usa.com.
Hisense USA sells into national
retailers across North America,
including Walmart, Sams.com, hhgregg, Canadian Tire and more. The
Company has established R&D centers in Atlanta, Georgia and San Jose, California to enable localized
product development and innovation.
Hisense Company Ltd. has production facilities in China, South
Africa, Algeria,
Egypt as well as Mexico and is one of the largest television
manufacturers in the world with over 10 million televisions
produced per year. The Company has sales offices in North America, Europe, Australia, South
Africa, the Middle East and
Asia while exporting products to
over 130 countries and regions throughout the world.
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.
See Us at CES Booth #15423,
Central Hall
Agency Contact: Andy Marken
Phone: (408) 986-0100
Email: Andy@Markencom.com
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: dwong@ntek.com
Logo - http://photos.prnewswire.com/prnh/20150107/167427LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/nanotechs-ultraflix-4k-streaming-network-to-be-featured-on-hisense-4k-ultra-hd-tvs-300017056.html
SOURCE NanoTech Entertainment