SAN JOSE, Calif., March 27, 2015 /PRNewswire/ -- NanoTech
Entertainment (OTCPINK: NTEK), a pioneer in bringing the ultimate
quality streaming experience to consumers, announced today 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.
In addition to "INTERSTELLAR," UltraFlix now offers subscribers
the largest selection of crystal-clear content, reinforcing its
lead as the source for the world's biggest and most diverse
library of VOD entertainment. To appeal to a broad audience,
offerings range from sci-fi, action/thriller, comedy, drama and
family movies to extreme sports videos, concerts, TV shows, and
special events. UltraFlix also offers over 100 hours of free
content.
To enhance the viewing experience, UltraFlix uses a variety of
proprietary technologies with video compression, adaptive streaming
and intelligent bandwidth management. These technologies
enable UltraFlix to stream visually lossless video with
uninterrupted viewing at under 8Mbps, making it available to most
North American and European internet subscribers today.
"We are delighted to bring one of the best and most
critically-acclaimed films of 2014 to our UltraFlix subscribers,"
said Aaron Taylor, NanoTech's
Executive Vice President of Sales & Marketing.
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.
About Paramount Home Media Distribution
Paramount
Home Media Distribution (PHMD) is part of Paramount Pictures
Corporation (PPC), a global producer and distributor of filmed
entertainment. PPC is a unit of Viacom (NASDAQ: VIAB, VIA), a
leading content company with prominent and respected film,
television and digital entertainment brands. The PHMD
division oversees PPC's home entertainment, digital and television
distribution activities worldwide. The division is responsible for
the sales, marketing and distribution of home entertainment content
on behalf of Paramount Pictures, Paramount Animation, Paramount
Vantage, Paramount Classics, Insurge Pictures, MTV, Nickelodeon,
Comedy Central and CBS and applicable licensing and servicing of
certain DreamWorks Animation titles. PHMD additionally
manages global licensing of studio content and distribution across
worldwide digital and television distribution platforms including
online, mobile and portable devices and emerging technologies.
"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" 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: Andy@Markencom.com
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: dwong@ntek.com
Paramount Pictures Contact: Brenda
Ciccone
Phone: (323) 956-8091
Email: brenda_ciccone@paramount.com
Logo - http://photos.prnewswire.com/prnh/20140929/149073
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/nanotech-signs-licensing-agreement-with-paramount-pictures-to-offer-award-winning-interstellar-on-ultraflix-streaming-network-300056985.html
SOURCE NanoTech Entertainment
