NanoTech Entertainment Inc (OTCMKTS:NTEK) Making A Comeback

Source: pcmag.com

NanoTech Entertainment Inc (OTCMKTS:NTEK) is exploding up the charts as investors realize that the low is in and shorts scramble to cover their positions. Driving this excitement was the news last week that its streaming video app is going to be available to Android and iOS devices phones and tablets sold over the past three years. This is just the next step for NTEK, the pioneer in bringing the most visually stunning streaming TV experience to consumers focused on all aspects of the entertainment industry.

NanoTech Entertainment is a technology company that focuses on 4K media procurement, production, processing and delivery. NanoTech’s solutions includes 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.

NanoTech's UltraFlix offers the world’s largest library of 4K Ultra HD content, UltraFlix is a streaming network that enables users to choose from a library of pristine 4K Ultra HD VOD content in a broad range of categories, including hours of free content. UltraFlix has also become the preferred 4K set-top box and Smart TV App for leading 4K Smart TV manufacturers including Samsung, Sony, Vizio, HiSense and others that are in the process of completing their testing and integration.

UltraFlix HD is very complimentary to the rapidly growing UltraFlix 4K, which is already available on Samsung, Vizio, Sony, HiSense, Sharp, Roku 4 and NVIDIA Shield Android TV. With over 100 million HDTVs and over 500 million phones and tablets shipped in the US over the last three years, UltraFlix HD will have a tremendous market opportunity.

NanoTech has been building its video library for the past two-years. With major studio deals in place, the UltraFlix Library is staged to blast past 1,000 titles this summer. In order to stand out and compete with the major existing content service providers such as Netflix, Amazon and Hulu, UltraFlix will focus on delivering a comprehensive combination of timeless classics, hot new releases, 360 immersive VR, live performances and select exclusive titles to the living room and mobile devices.

2015 was a disappointing one in terms of NTEK's share price. In December, NanoTech addressed some of the issues facing the company.

“As many shareholders have recently communicated, the board is equally disappointed with the current price per share and market valuation especially during this unprecedented time of growth for the company. We are confident in the future of the company and the success that will return shareholder value.”

The recent surge in NTEK's share price is the market realizing that the company is accomplishing its goals. Over the past year, the company's accomplishments have been largely ignored by the market. Among the company’s accomplishments include releasing support for several new high profile hardware platforms; being a featured app on Roku, Vizio and Sony TV’s; increasing the library offering by 4 times including major studio offerings increasing in the past year from 10 titles to over 1,000 titles; establishing exclusive distribution of 4K Ultra HD Movie Offerings from Major Studios including several new releases such as Terminator Genisys; releasing original content with major partners such as the San Francisco 49ers; customer base growth over 1000% including a recent 10 times month over month growth during the past 2 quarters and on track to hit One Million Users in 2016; establishing UltraFlix as the source for the best quality versions of any movies available by any consumer network; and being featured in store promotions with major brands including Sony, Roku and Vizio.

Currently trading with a market cap of just $6.9 million, NTEK is at the forefront of the rapidly growing UltraHD/4k space. By making its technology accessible to iOS and Android devices, this will only increase NTEK's popularity. We think the bull run is just getting started and that the worst is behind the company. We will be updating Insider Financial as soon as we know more. For continuing coverage on NTEK, sign up for our free newsletter today and get our next hot stock pick!

Disclosure: We have no position in NTEK and have not been compensated for this article.