NanoTech Entertainment, Inc. (OTCMKTS:NTEK) trumpets itself as a pioneer in bringing the most visually stunning streaming TV experience to consumers focused 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. However, the company’s UltraFlix 4k streaming service might have the highest ceiling (more on that below).
The Silicon Valley-based NTEK’s Nuvola NP-1 is the world’s first streaming media player that supports 4K Ultra HD movies. It can connect via Ethernet or Wi-Fi to any network with 6Mbit/s or greater for 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.
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) operates a 4k movie streaming service called Ultraflix that they hope becomes the Netflix of 4k. The main hindrance seems to be lack of quality content but this is changing as more studio’s embrace the format.
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“Not all HD is the same, and by starting with the highest quality master files available, UltraFlix streams are visually superior to those delivered by other services.” With the world’s largest selection of 4K Ultra HD movies delivered to customers on devices from phones to the latest 4K Ultra HD televisions. UltraFlix is working to establish itself as the premiere destination for top quality video streaming.
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 it’s already bundled with the new TVs from Hisense, Samsung, Sony or Vizio with the UltraFlix app.
NTEK has generated positive reviews and took home the Envisioneering Innovation and Design Award at the ShowStoppers event held during the 2015 International CES.
NTEK signed a licensing agreement with Paramount Pictures that will give UltraFlix users access to over 950 films. This significant agreement will further establish UltraFlix as the leading provider of the best quality content of any streaming network.
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is an interesting gamble and they have been on a tumble since the start of the month. NTEK carries a $4.29 million marketcap with 143.84 million shares outstanding. The company is looking to expand and might be able to license out some of its technology if 4k does not catch on. There has not been mention of this by any means, but the company does have some debt ($2.8 million) on the books and might have to start to tackle that soon. For continuing coverage on shares of NTEK stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!