Mumbai, India -- (SBWIRE) -- 12/02/2013 -- NanoTech Entertainment Inc. reports the success of its 35mm film content conversion and 4K streaming demonstrations at the American Film Market (AFM) which is being held in Santa Monica, CA, from November 6 to 13. They are showing the attendees how 35mm film can be converted into world-class 4K Ultra HD content and can be streamed as well.
4K Studios, which made its debut at AFM, is a NanoTech subsidiary based in San Francisco. For the demonstrations, 4K studios converted David Pomes' 2009 movie Cook County into 4K Ultra HD and streamed the film through NanoTech Entertainment's Nuvola NP-H1 4K Ultra HD media streaming player.
Since we last wrote that NanoTech should be on your list, stock has moved up more than 50%. NanoTech reported a profitable quarter again with $79000 net income for the quarter ended September 30, 2013. It has $65000 cash & quarterly revenues of $3.3 million.
If you look at the stock price movement over the 6 months, it had an upward direction till October-end, but has been sliding down in November. Investors are happy to see it come back to $0.1 plus level.
There is a great market potential for Ultra HD content, but since the Ultra HD content is very limited currently, content providers will have to work on creating substantial Ultra HD content so that it’s worth for the consumers to replace their early HDTVs with Ultra HD TVs. So the content providers can now upgrade their libraries of standard and HD content to a resolution that is four times greater than full HD using NanoTech’s 4K conversion method.
Netflix is filming a second series of its critically-acclaimed political drama House of Cards in the Ultra HD format, which is slated for release next year. Since owners of current 1080p HDTVs already know that finding high-quality content currently is difficult, it’s right time for NanoTech’s 4K conversion to take off.
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