4K UltraHD Industry Leaders come together to deliver Live 4K pre-game concerts and behind the scene’s video footage to UltraFlix’s rapidly growing 4K fan base
SAN JOSE, Calif. — (BUSINESS WIRE) — October 23, 2015 — NanoTech Entertainment ( OTCPINK: NTEK), a pioneer in bringing the most visually stunning streaming TV experience to consumers, announced today that it has signed a licensing agreement with the San Francisco 49ers to start offering UltraFlix users Live 4K video coverage of the 49ers pre-game show and the 49ers TV video series, exclusively in 4K. Stunning quality, real-time 4K HEVC video encoding and adaptive streaming is all provided by Harmonic (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure. Verizon Edgecast manages the Live 4K ingest and reliable delivery to the growing line-up of 4K TV’s sporting UltraFlix, the top destination for 4K movies, documentaries, concerts and staring this fall, Live 4K events.
The exciting team-up of Live 4K video delivery solution providers is exactly what the industry needs to help fuel mass consumer adoption. Historically speaking, HDTV mass adoption coincided with the advent of live HD events, such as sports and concerts. The original game plan was spot on and the timing is right to run the same play. According to the latest industry projection, consumers are gearing up to start receiving 4K streaming video and UltraFlix is on-track to be made available on 90% of all 4K TV’s here in NA this year.
UltraHD, 4K TV is “poised for strong growth in the coming years” according to US technology body, the Consumer Electronics Association (CEA). Organizers of the Consumer Electronics show, predicted in its latest forecast that US shipments of 4K UHD displays will reach 4.4 million units in 2015, a 208% increase compared to 2014. Global UHD TV shipments will increase to 67M units by 2017 and 100M units by 2018 according to Digital Research. NA is estimated to grow from 12% of total Global Sales to ~ 21% by 2017, or 14M units.
One of the key forces driving this market is the ability to deliver the best possible viewer experience along with a perpetually growing catalog of 4K Video-On-Demand and on-going Live 4K Events. With enhanced video compression, adaptive streaming and intelligent bandwidth management technologies, UltraFlix and its’ partners, Harmonic and Verizon can stream visually lossless Live UHD video with uninterrupted viewing at 8Mbps, making the highest quality streaming experience available to most North American and European internet subscribers today.
“We’re honored to collaborate with two video delivery industry leaders to start our long-term Live 4K broadcast initiative,” said Aaron Taylor, NanoTech's Executive Vice President of Sales & Marketing. “Our mission always has been, and continues to bee, the delivery of the most visually stunning movies, music, documentaries and award-winning television series...and now Live 4K!”
“The market for 4K live video is heating up, and we couldn’t be more excited to partner with NanoTech, UltraFlix, and the San Francisco 49ers on this innovative project,” said Peter Alexander, chief marketing officer at Harmonic. “As the first provider to deliver a consumer UHD channel in North America with NASA, Harmonic is transforming the world of video production and delivery. Using our end-to-end 4K video delivery system, including real-time UHD encoding, video content providers like UltraFlix can take their offering to the next level, bringing amazing video experiences to sports fans as they happen, at a low total cost of ownership.”
About UltraFlix
Offering the world’s largest library of 4K Ultra HD content, UltraFlix is a streaming network that enables subscribers to choose from a library of pristine 4K Ultra HD VOD content in a broad range of categories plus hours of free content. UltraFlix has also become the preferred 4K STB and Smart TV App for leading 4K Smart TV manufacturers including HiSense, Samsung, Sony, Vizio and others that are in the process of completing their testing and integration. For more information visit www.UltraFlix.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 seven technology business units, focusing on 3D, Content, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. 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. Ultra Media Group focuses on the acquisition and licensing of content. UMG also develops and creates original programming and live events for use on NanoTech networks. 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, SecureStream, 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” and “The Future of Entertainment” are Service Marks of NanoTech Entertainment. All rights reserved. All other marks are the property of their respective owners.
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