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NanoTech Entertainment's Nuvola NP-1 Awarded Storage Visions 2014 Visionary Product Award

NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that its Nuvola NP-1™ 4K Ultra HD streaming video player has been honored with a Storage Visions® 2014 Visionary Product Award in the Home Entertainment category. The Nuvola NP-1 is the world’s first streaming media player that supports 4K Ultra HD movies and videos.

NanoTech Entertainment's Nuvola NP-1 Awarded Storage Visions 2014 Visionary Product Award (Photo: Bu ...

NanoTech Entertainment's Nuvola NP-1 Awarded Storage Visions 2014 Visionary Product Award (Photo: Business Wire)

NanoTech’s Nuvola NP-1, one of 23 finalists for the award, was selected for the award by a panel of industry experts and journalists whose priority was to recognize products that fulfill the vision of a digitally-connected universe of products and services.

Tom Coughlin, president of Entertainment Storage Alliance and Coughlin Associates and one of the organizers of Storage Visions 2014, presented the award and stated, “4K Ultra HD content is going to be an exciting market space for consumers and the entertainment industry. Technology that will help deliver 4K to the home is certainly worthy of being a Storage Visions Visionary award winner.”

The award was presented to NanoTech’s Founder and creator of the NP-1, David R. Foley, at the Storage Visions Conference award reception, which took place on January 5, 2014 in the Riviera Hotel Convention Center in Las Vegas, NV. This is the 10th year the Storage Visions Conference recognized companies who advance storage technologies used in consumer electronics, the media/entertainment industries and visionary products for the digital content value chain. In previous years, industry leaders such as Hitachi Data Systems, Intel, Samsung and Toshiba received the award.

“We are honored to have the Nuvola NP-1 chosen for the esteemed Storage Visions Visionary Product Award,” said Mr. Foley. “It is a recognition of the entire NanoTech team’s commitment to providing affordable, ground-breaking technology that enhances the consumer’s entertainment experience and truly delivers The Future of Television.”

The NP-1 is powered by a NVIDIA® Tegra® 4 Quad Core Mobile Processor with 2GB DDR3 RAM and incorporates 72 custom NVIDIA GeForce® GPU cores to deliver enormous processing power and realistic graphics. More than a 4K streaming media player, the Nuvola will work with any brand, any resolution of television and isn’t limited to just playing downloaded 4K content—it also streams 4K Ultra HD content.

In addition to being able to decode 4K Ultra HD content, it can decode HD, SD and 3-D movies in addition to playing state-of-the art 3-D Video games. It can also stream content from a variety of sources, including the bundled UltraFlix™ UHD channel, which serves 4K content for streaming; and other services such as Netflix, Hula Plus, XBMC, Amazon Instant and YouTube, which come pre-installed.

NanoTech’s Foley, will be speaking at the Storage Visions 2014 “Opportunities and Challenges for Consumer Solutions” session held at the Riviera Convention Center in Las Vegas. During the session, Foley will discuss viable solutions to the 4K content dilemma--the limited availability of 4K content is affecting 4K Ultra HD TV sales but content developers want to see 4K Ultra HD TV sales increase before they increase production of 4K content.

Availability/Pricing

The Nuvola NP-1 is available for new customers in January 2014 for $299. Measuring just 4 inches by 4 inches, the multifunction set- top box comes with an ergonomically designed second-generation Bluetooth remote as well as over fifteen video, audio, social media and communications applications and five games pre-installed. Access to ten Streaming Movies is also provided free of charge on the UltraFlix UHD Network. Upgradeable and expandable, the Nuvola NP-1 features a variety of industry standard ports for MicroSD and USB connections that enable users to install a variety of accessories, options and storage attachments. For more information on Nuvola 4K media players, call (408) 414-7355, email [email protected] or visit http://www.nuvola4k.com.

About the Storage Visions Conference

The thirteenth annual Storage Visions Conference, which will be held at the Riviera Hotel Convention Center in Las Vegas, Nevada, January 5-6, 2014, will feature comprehensive sessions on all aspects of the digitally-connected universe of products and services with the theme of “Fast is Beautiful, but Size Matters.” More information is available on the conference at www.storagevisions.com.

About NanoTech Entertainment

Headquartered in San Jose, CA NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With six technology business units, focusing on 3-D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. 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 Ultra HD 4K 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 Ultra HD 4K content using both licensed materials as well as original productions. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. 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.

The NanoTech Entertainment logo, UltraFlix and Nuvola NP-1are trademarks of NanoTech Entertainment. All rights reserved. All other marks are the property of their respective owners.

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