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Unedited press release follows:
NanoTech Entertainment (NTEK) Announces Price And Availability Of Its New 4K Ultra High Definition Media Player And Distribution Service
Industry First 4K Ultra High Definition Experience Delivered Over Streaming Wi-Fi Network
SAN JOSE, Calif., May 29, 2013 — NANOTECH ENTERTAINMENT (OTCPINK: NTEK) is announcing price and availability for its 4K Media Player, the Nuvola NP-1, and 4K Streaming Video service, NanoFlix UHD – both industry firsts. The new NP-1 Player will cost $299, the lowest price 4K player in the market, and will be available for order online and at retail beginning July 15, 2013.
“4K Ultra HD Televisions are just now starting to arrive in homes and are sure to bring an enhanced viewing experience of 4K to a whole new audience,” said LX Rudis, NanoTech’s Media Group, Senior VP of Development. “With 4K TVs able to deliver a vibrant and natural picture that is four-times clearer than high definition, users need a low cost solution for content delivery. Unlike other 4K players, our unit will work with any brand of Television and a variety of content delivery services. The availability of the Nuvola NP-1 will be followed in fall by our streaming 4K video distribution service that will demonstrate how NanoTech continues to lead the market in bringing the 4K entertainment experience to consumers.”
This summer, consumers of 4K UHD TVs can purchase the Nuvola 4K Media Player bundled with 10 videos in true 4K resolution, 10 video games and 5 multimedia applications, for $299. In the fall of 2013, users of the same 4K Media Player will be given access to a fee-based streaming video distribution service, NanoFlix UHD, offering a library of 4K titles.
The Nuvola NP-1 4K Ultra HD Media player features an ARM Cortex-A7 Quad Core processor and a custom 3D GPU optimized for 4K video playback. The player uses the Android Operating System allowing for a complete entertainment experience. In addition to the ability to steam 4K content, users can play a variety of games and select from thousands of compatible Android apps that will be available at launch. Cinematic experiences are further enhanced as the player also supports UHD 3D Movies at a stunning resolution of 3840×1080 at 30 frames per second. The NP-1 ships with a standard IR remote. Also available is the optional Nuvola RP-10 RF remote that 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 CEO Jeffrey A. Foley closed by saying, “We are extremely excited to be on the forefront of the 4K movement. We feel the Nuvola NP-1 will be a great success as it provides a complete entertainment solution at an affordable price. The NP-1 is the first in a line of affordable consumer devices that we are bringing to the market. Unlike the other 4K offerings, our products are two to four times less expensive while offering a much greater set of features, and are compatible with any Television set. Our product is also upgradeable and expandable featuring a variety of industry standard ports including SD, SATA, and USB connections that allow for the installation of an assortment of accessories, options and storage attachments. With the Nuvola NP-1 and associated streaming 4K service we truly feel that NanoTech represents the Future of Television.”