UltraFlix and Akyumen Technologies to Collaborate on Projecting the Future of Mobile Video Streaming
Published: Jan 13, 2016 2:19 p.m. ET
Akyumen Mobile Projection of UltraFlix' Vast Library of Superior Quality Content Sets the Stage for Entertainment Anywhere
SAN JOSE & LOS GATOS, Calif., Jan 13, 2016 (BUSINESS WIRE) -- NanoTech Entertainment (otcpink:NTEK) a technology company that focuses on 4K media procurement, production, processing and delivery and Akyumen Technologies Corp (Akyumen), a privately held company that designs, develops, manufactures and delivers innovative electronic and mobile technology products to consumers worldwide, announced today that they intend to work closely together to assess opportunities leveraging the proprietary technologies of both companies for the mobile market.
The initial focus will be to ascertain the feasibility of using NanoTech's UltraFlix platform to stream content in conjunction with Akyumen's projection technologies and devices. The strategic collaboration will begin immediately with the goal of streaming content via UltraFlix/Akyumen worldwide.
“We are delighted to work with an innovative company such as Akyumen,”stated Jeff Foley, chairman and CEO of NanoTech. “We are looking forward to global opportunities in the ever-growing mobile market.”
"NanoTech Entertainment is on the forefront of aggregating, creating and delivering superior quality content from a variety of venues,” said Aasim Saied, CEOof Akyumen Technologies. “We are excited to work with them as a potential strategic partner to expand their reach beyond the living room.”
The average amount of time people spent consuming online video each day increased by 23.3% in 2015 and is forecasted a further 19.8% in 2016, according to the Online Video Forecasts, a new report by ZenithOptimedia in conjunction with Newcast, ZenithOptimedia Group’s global branded content network.
This growth in video consumption is being driven by the rapid rise of smartphone and tablet penetration across the globe, together with the resulting changes in consumer behaviour. Video consumption on mobile devices (such as smartphones and tablets) grew by 43.9% in 2015 and forecasted 34.8% in 2016.
ZenithOptimedia expects mobile to become the main platform for viewing online video next year. In 2012 mobile devices accounted for 22.9% of time spent watching online video worldwide. By 2014, this proportion had risen to 40.1%, and we expect it to reach 52.7% in 2016 and 58.1% in 2017.
NanoTech has been building its 4K library with a combination of native 4K digital titles, 4K film scanning, patent pending super-resolution high-quality scaling techniques and a dedicated team of video artists, UltraFlix has successfully amassed a vast selection of Hollywood hits from major studios such as Paramount, MGM and Warner, among others.
About UltraFlix
Offering the world’s largest library of 4K Ultra HD content, UltraFlix is a streaming network that enables users 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 Samsung, Sony, Vizio, HiSense and others that are in the process of completing their testing and integration. 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 4K media procurement, production, processing and delivery. NanoTech’s solutions includes the world's first 4K Ultra HD streaming service which is now found on most major 4K TV and OTT Streaming Devices. NanoTech’s 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions. www.NTEK.com.
Akyumen Technologies Corp (Akyumen)
Akyumen Technologies Corp (Akyumen) is a privately held US company and operates globally. Akyumen designs, develops, manufactures and delivers innovative electronic and mobile technology products to consumers worldwide. The company values the social responsibility of providing open access to tools and information to enhance the human experience globally. Akyumen is positioned to launch its devices in markets globally in 2015. http://www.akyumen.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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160113006185/en/
SOURCE: NanoTech Entertainment
NanoTech Entertainment
Marketing Contact:
Aaron Taylor, 408-414-7355 x134
aaron@ntek.com
or
Investor Contact:
Dan Wong, 858-381-4622
dwong@ntek.com
Copyright Business Wire 2016
Published: Jan 13, 2016 2:19 p.m. ET
Akyumen Mobile Projection of UltraFlix' Vast Library of Superior Quality Content Sets the Stage for Entertainment Anywhere
SAN JOSE & LOS GATOS, Calif., Jan 13, 2016 (BUSINESS WIRE) -- NanoTech Entertainment (otcpink:NTEK) a technology company that focuses on 4K media procurement, production, processing and delivery and Akyumen Technologies Corp (Akyumen), a privately held company that designs, develops, manufactures and delivers innovative electronic and mobile technology products to consumers worldwide, announced today that they intend to work closely together to assess opportunities leveraging the proprietary technologies of both companies for the mobile market.
The initial focus will be to ascertain the feasibility of using NanoTech's UltraFlix platform to stream content in conjunction with Akyumen's projection technologies and devices. The strategic collaboration will begin immediately with the goal of streaming content via UltraFlix/Akyumen worldwide.
“We are delighted to work with an innovative company such as Akyumen,”stated Jeff Foley, chairman and CEO of NanoTech. “We are looking forward to global opportunities in the ever-growing mobile market.”
"NanoTech Entertainment is on the forefront of aggregating, creating and delivering superior quality content from a variety of venues,” said Aasim Saied, CEOof Akyumen Technologies. “We are excited to work with them as a potential strategic partner to expand their reach beyond the living room.”
The average amount of time people spent consuming online video each day increased by 23.3% in 2015 and is forecasted a further 19.8% in 2016, according to the Online Video Forecasts, a new report by ZenithOptimedia in conjunction with Newcast, ZenithOptimedia Group’s global branded content network.
This growth in video consumption is being driven by the rapid rise of smartphone and tablet penetration across the globe, together with the resulting changes in consumer behaviour. Video consumption on mobile devices (such as smartphones and tablets) grew by 43.9% in 2015 and forecasted 34.8% in 2016.
ZenithOptimedia expects mobile to become the main platform for viewing online video next year. In 2012 mobile devices accounted for 22.9% of time spent watching online video worldwide. By 2014, this proportion had risen to 40.1%, and we expect it to reach 52.7% in 2016 and 58.1% in 2017.
NanoTech has been building its 4K library with a combination of native 4K digital titles, 4K film scanning, patent pending super-resolution high-quality scaling techniques and a dedicated team of video artists, UltraFlix has successfully amassed a vast selection of Hollywood hits from major studios such as Paramount, MGM and Warner, among others.
About UltraFlix
Offering the world’s largest library of 4K Ultra HD content, UltraFlix is a streaming network that enables users 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 Samsung, Sony, Vizio, HiSense and others that are in the process of completing their testing and integration. 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 4K media procurement, production, processing and delivery. NanoTech’s solutions includes the world's first 4K Ultra HD streaming service which is now found on most major 4K TV and OTT Streaming Devices. NanoTech’s 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions. www.NTEK.com.
Akyumen Technologies Corp (Akyumen)
Akyumen Technologies Corp (Akyumen) is a privately held US company and operates globally. Akyumen designs, develops, manufactures and delivers innovative electronic and mobile technology products to consumers worldwide. The company values the social responsibility of providing open access to tools and information to enhance the human experience globally. Akyumen is positioned to launch its devices in markets globally in 2015. http://www.akyumen.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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160113006185/en/
SOURCE: NanoTech Entertainment
NanoTech Entertainment
Marketing Contact:
Aaron Taylor, 408-414-7355 x134
aaron@ntek.com
or
Investor Contact:
Dan Wong, 858-381-4622
dwong@ntek.com
Copyright Business Wire 2016
