|By Business Wire||
|December 13, 2013 02:30 PM EST||
NANOTECH ENTERTAINMENT (OTCPINK: NTEK) announced today it has reached an agreement with the world’s leading contract manufacturing facility for long term production of its state-of-the-art Nuvola NP-1™ and NP-C™ consumer and commercial streaming media players. Earlier this year, the company announced it had partnered with nVidia to use the Tegra 4 processor to power the players.
In making the announcement, Jeff Foley, NanoTech Entertainment CEO, said, “We are elated to have the world-leader in consumer electronics manufacturing, having built products such as the iPhone and PlayStation, building the Nuvola products for us. nVidia has strict requirements for ODM manufacturing, ensuring that the Nuvola products will be manufactured to the most exacting standards expected by today’s consumers.”
Foley predicts, “Production and fulfillment will begin immediately, providing us with the ability to clear our tremendous backlog of pre-orders and have product available for the public debut at the CES 2014 January 7-10 in Las Vegas (South Hall, Booth #21912). We are extremely excited to begin production of the Nuvola product, which will deliver the ‘Future of Television’ to consumers around the world.”
The Nuvola NP-1 is a multifunction device that can be used to decode a variety of video formats and resolutions including 4K Ultra HD, HD, SD and 3-D movies as well as playing state-of-the art 3-D Video games. Based on the Android operating system, the Nuvola can also operate hundreds of thousands of existing apps bringing the experience to your television. It can also stream content from a variety of sources, including the bundled UltraFlix UHD channel which serves 4K content for streaming and other services such as Netflix, Hulu Plus, XBMC, Amazon Instant Video and YouTube, which come pre-installed.
The Nuvola NP-1 can be connected via Ethernet or Wi-Fi to any network. Users with 6Mbit/s or greater Internet connections can view videos in full 4K Ultra High Definition. Commercial users can use the Nuvola NP-1 to drive digital signage tv in 4K Ultra HD at a fraction of the price of current HD players.
The Nuvola NP-1 will be available for new customers in Q1 2014 for $299. Measuring just 4 inches by 4 inches, the multifunction set top box comes with an ergonomically designed second-generation Bluetooth remote as well as over fifteen video, audio, social media and communications applications and five games pre-installed. Access to ten Streaming Movies is also provided free of charge on the UltraFlix UHD Network. Available as an option, the Nuvola RF-10 remote features a 3-axis motion sensor for game play, handheld mouse control and a full QWERTY keyboard for fast and convenient on-screen text entry.
NanoTech also offers the commercial grade Nuvola NP-C 4K Ultra HD media streaming player, which will be available Q1 2014 for $699. The Nuvola NP-C features built in Ethernet, state of the art 2x2 Wi-Fi, and Bluetooth. Users can connect remotes, game controllers and many other devices wirelessly or by connecting to the USB port.
NanoTech will be providing Nuvola demonstrations at Storage Visions, January 5-6 at the Riviera Convention Center; and at CES, January 7-10 in the South Hall, Booth #21912. To schedule a briefing on the 4K streaming media solutions, contact Andy Marken at email@example.com or 408-390-0002.
About NanoTech Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With five 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 Ultra HD 4K 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 Ultra HD 4K 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.NanoTechEnt.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. 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.
The NanoTech Entertainment logo, UltraFlix, NanoFlix, NanoTales, NanoBooks, Nuvola NP-1, Nuvola NP-C, Nuvola GP-1, Nuvola RF-10, Nuvola NP-H1, Nuvola SC-1, Nuvola TV-U1are trademarks of NanoTech Entertainment, “The Future of Television” and “The Future of Entertainment” are service marks of NanoTech Entertainment, Inc., All Rights Reserved. All rights reserved. All other marks are the property of their respective owners.