SAN JOSE, CA - 01/31/2017 (PRESS RELEASE JET)
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K experience to consumers, announced today that it has entered into a partnership with illuminate Hollywood, the premiere Hollywood based post-production company. 4K Studios will be relocating its entire operations, including two state-of-the-art 4K Ultra HD film scanners to illuminate. Combined with the 4K Studios team, the extensive remastering and restoration resources at illuminate will provide several proprietary and market competitive advantages to UltraFlix, NanoTech Entertainment’s all screen and all device 4K entertainment network.
Ivan Gulas, who recently assumed the position of CEO of NanoTech Entertainment, spearheaded this relationship with illuminate’s founders Executive Chairman Steven Wiener and CEO Jim Hardy. Gulas is an industry insider, whose entertainment technology company purchased Hollywood’s legendary Pacific Title Studios in the mid 90’s where he massively expanded the facility to enable the completion of such projects as the digital restoration of the Wizard of Oz for re-release by Warner Bros. Pacific Title Studios also participated on such visual effects reliant projects as Titanic, Deep Impact, and From Earth to the Moon which helped to herald in photorealistic CGI technologies.
Gulas stated that “illuminate Hollywood has an industry reputation for uncompromising quality and (has) an experienced team of professionals who pride themselves on exceptional results. This strategic partnership, which we anticipate will expand, will ensure that we will have the highest quality of remastering that can be exhibited on all screens, including factory installed UltraFlix apps on nearly all Smart 4K Ultra HD TV‘s sold in the US (and soon internationally), blu-ray disks and cinema screens”. Steven Wiener, Chairman of illuminate Hollywood also noted that “illuminate brings to the table advanced and unique technological solutions that result in pristine quality, and enable remastering film to digital restoration that otherwise would be commercially unreasonable”.
Other resources at illuminate include 4k production stages which also fit well with UltraFlix’s near-term initiatives, noted Gulas, who will also look forward to Jim Hardy’s participation in expanding new and original content on UltraFlix.
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 include 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. More information can be found at www.NTEK.com.
illuminate Hollywood is a recognized leader in film and television mastering for over 20 years. Headquartered in Studio City, illuminate is a technology innovator in production and post-production, serving the global entertainment industry. Working with major studios, TV networks, digital platforms, independent producers and distributors, illuminate provides services such as editorial, color correction, digital intermediate, and distribution in 2K and 4K. Its production studio, which features two fully-equipped and staffed stages and multiple cameras for live and taped productions, has been used by television and feature film productions such as Sons of Anarchy, The Mentalist and Gone Girl. For the past 20 years, illuminate has also pioneered restoration techniques that have revived valuable library content and brought it up to today’s viewing standards. Such tent-pole programs include Star Trek: The Next Generation, 24, The X-Files and Pee-wee’s Playhouse.
"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, 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. SwigStreaming, SwigStick, SwigCine, SwigTV are Trademarks of Swig Media LLC. All rights reserved. All other marks are the property of their respective owners.
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