NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is continuing to rise in recent weeks since reversing off $0.0072 lows.
NTEK is a technology company that focuses on all aspects of the entertainment industry. The Company has created a number of products including the Nuvola NP-1 which is the world’s first streaming media player that supports 4K UltraHD movies.
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Nuvola NP-1 is the world’s first streaming media player that supports 4K Ultra HD movies. Connect via Ethernet or Wi-Fi to any network with 6Mbit/s or greater1 and start watching TV in Ultra High Definition. Nuvola can stream 4K Ultra HD movies and videos from a variety of sources including the bundled NanoFlix UHD channel.
NTEK operates a 4k movie streaming service called Ultraflix that they hope becomes the Netflix of Ultra HD. The main obstacle seems to be lack of quality content but this is changing as more studio’s embrace the new format.
UltraFlix says they already have 500 hours of 4K content, including films from the MGM library, 34 IMAX documentaries, 50 rock concerts, and 100 hours of free content and its already bundled with the new T.Vs from Hisense, Samsung, Sony or Vizio with the UltraFlix app. It has generated positive reviews and took home the Envisioneering Innovation and Design Award at the ShowStoppers event held during the 2015 International CES.
In January NTEK announced a global licensing agreement with Crystal Sky Pictures, a major independent film production company. With the agreement, UltraFlix™, NanoTech’s award-winning 4K Ultra HD network, has been granted the distribution rights to 11 new titles in categories ranging from sci-fi, murder mysteries, action/thrillers, comedy, romance and sports drama to family favorites.
4K Studios, a NanoTech subsidiary with facilities in San Francisco and Hollywood, is currently in the process of scanning and posting the films for immersive 4K viewing.
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On February 2 NTEK said it has completed the acquisition of a controlling interest in High Velocity Enterprises, Inc. (HVEL) as part of an overall corporate reorganization. NTEK will place the NanoTech Gaming Labs division into HVEL which will include the division’s IP portfolio and full gaming operations.
With the acquisition complete, NanoTech shareholders will be allocated shares in HVEL equivalent to their percentage of ownership in NTEK. Shares will be issued to NTEK shareholders upon effectiveness of a to be filed Form S-1 Registration Statement.
NTEK has announced 2 new important licensing agreement with Paramount Pictures;
On March 27 NTEK announced a licensing agreement with Paramount Pictures that will bring the award-winning epic “INTERSTELLAR” to UltraFlix™, NanoTech’s streaming network. Under the agreement, the film will be available on UltraFlix beginning March 31.
Named as one of the Top Films of 2014 by The American Film Institute, Rolling Stone, Esquire, the New York Post and more, director Christopher Nolan’s awe-inspiring masterpiece stars Matthew McConaughey, Anne Hathaway, Jessica Chastain, John Lithgow and Michael Caine. A breathtaking filmmaking achievement, “INTERSTELLAR” follows an ex-pilot-turned-farmer who must leave his family and a foundering Earth behind to lead an expedition traveling beyond this galaxy to discover whether mankind has a future among the stars.
On April 7 NTEK announced a licensing agreement with Paramount Pictures that will bring the explosive global hit “G.I. JOE: RETALIATION” to UltraFlix™, NanoTech’s all Ultra HD network. Under the agreement, the film will be available in Ultra HD beginning in April 2015.
Called “a stunning, high-flying, super-charged blast of fun” (Shawn Edwards, FOX-TV), the $375+ million worldwide blockbuster “G.I. JOE: RETALIATION” explodes in Ultra HD on the UltraFlix network this month. “Born to play a G.I. JOE” (Scott Bowles, USA Today), Dwayne Johnson embodies ROADBLOCK and he and Channing Tatum “are a match made in action flick heaven” (James Oster, JoBlo.com) in this “cool ride” (Richard Corliss, Time) that is “awesome times 10!” (Shawn Edwards, FOX-TV).
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Currently trading at a $13 million market valuation NTEK has a dire financial situation which has resulted in and continues to result in significant dilution as we saw with the 250 million new shares that came into the market after the last CC. At the same time NTEK sits at the ground floor of the rapidly growing UltraHD/4k space and has been very successful in gaining a large shareholder base that belives this one goes higher. We will be updating on NTEK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NTEK.
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Disclosure: we hold no position in NTEK either long or short and we have not been compensated for this article.