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We were lucky to get the deal done when we did. If it wasn't done then we wouldn't have out out any news on the 15th and you'd be complaining about it
we aren't even two weeks past the announcement of switching to nVidia. Expecting us to be shipping a completely new design is not based in any kind of reality.
The switch to a new system design means a completely new motherboard and the only thing that is kept from the old design is a bunch of the software. Once schematics are done, then PCB layout needs to happen. Once PCB layout is done, then prototypes can be made along with mechanical samples. We build our mechanical proof of concept plastics in house with our 3D printing hardware. Once that is done soft-tooling is made to build prototypes. Soft tooling takes a couple of weeks. Once prototypes are done, we can then submit to safety labs for FCC/UL/CE. Once that is approved, hard tooling is made. None of this has had any impact on our 4K content work which is continuing towards a September launch of the 4K channel
You can't simply change the entire architecture of a motherboard and just simply drop in a new chip, it doesn't work that way. This is a completely new design from the ground up.
The original housing does not work with the new board as we have different layout requirements and a new antenna design for the improved wireless components being used.
The company felt it would be very detrimental to go into production with a product that was going to be replaced in a couple of months, and many of our customers would demand a refund on the previous product and based on the support issues surrounding that meant we decided to push out the product until the much improved version was ready to go to market.
I had the first version of the nVidia based motherboard in my hands on Thursday which in itself is incredibly amazing. We have a dedicated team that has been working 20 hour days 7 days a week for the past two weeks in an effort to move to a completely new design, however, people need to exercise some patience and reality with the switch to a new design and have realistic goals about the product development cycle.
There is no more information about retailers to be given out at this time. As news is ready to release it will be released.
Manufacturing partners have not been announced and that requires many different public companies to sign off on being released.
We just closed the nVidia deal less than two weeks ago People need to exercise some patience as the reality of timing of news as there are many different companies around the world working night and day to get this product to market as soon as possible.
Switching platforms also meant switching manufacturers, subcontractors, updating mechanical drawings, updating software builds, and many other things.
Al Stone is still a very active member of the NanoTech board of directors. Any assertion that he has left the company is an outright fabrication and has no basis in reality. Anyone continuing to make such an assertion is simply attempting to spread misinformation.
Prairie Games is a bay area game developer that is currently working on a project for NanoTech Entertainment and its team has ties to the NanoTech team going back 30 years.
Pre-Order customers are merely holding a spot in line and are not pre-paying for the product. Customers are not being charged until the orders ship. Don't let the facts get in the way of your agenda and lies.
it says no such thing. I don't see anywhere in the PR that says any shares are being given out in July.
Moving from the Allwinner A31 to the nVidia Tegra 4 was a decision that wasn't taken lightly as it meant we had to scrap the motherboard that was completed and about to go into production with, and instead start over with the nVidia design. We were ready to go into production the first week of July with the old design, however, it was far inferior to what we are building with nVidia. The decision was made to make the jump when the opportunity presented itself. The A31 has issues, and to fix them you have to put a bunch of other chips around it to get to 4K. Even then, the 4K stresses the chip to the limit. The A31 supports H.264, but getting H.265 (HEVC) to run on that chip was going to be a nightmare as the CPU isn't that powerful and H.265 will bring it to its knees. In sharp contrast the Tegra 4 has no problem with 4K video on the chip and requires no external help to display it. H.265 is also quite a ways down the path to running, mostly using the GPU, but could run just on CPU if needed.
Then you look at all of the other added bonuses that you get with the Tegra processor. First, nVidia has already got the Playready digital rights management all dialed in. This is crucial as Hollywood studios are requiring this level of protection on digital movies, especially in 4K. Next, gaming. While the A31's PowerVR based GPU was nice, it doesn't hold a candle to the Tegra. Think about how well Ouya did, and that's based on the Tegra 3. Imagine every game that can run on the Ouya platform, can now run even better on the Nuvola. Next, add Miracasting to the list, so we can play video from your phone onto the TV wirelessly. Then add the ability to play your nVidia based PC games, wirelessly to your TV using the Nuvola as a gateway.
All of that combined was enough to push the decision to not go into production with the A31 based product and move to nVidia. Yes, that meant that we have a bit of a delay in getting to market, but will give us such a far superior product that it is worth it. While 4K is just now starting to appear in stores, it won't really gain traction until the early fall as retailers gear up for the holiday buying season. Even if we were in September instead of July, I think the decision would have been the same, however, we have the luxury of the summer to take a step back, move to the nVidia platform, and end up with a far superior product. This is better for the consumers, and its better for the company, and thereby the shareholders. At the end of the day the delay to market will have very little impact on the sales of the product as there is no competition out there grabbing sales at the moment.
There is no comparison of a receiver and a set top box. The reciever you refer to does nothing but pass the video signal from a DVD player or set top box and outputs it to the TV. The upscaler simply takes 1080p or lower res input and scales it to 4K.
We will be announcing our own upscaling device that will allow legacy devices such as BluRay players etc that will provide 4K output.
We have already slated that announcement for July 15th.
While the Allwinner A31 spec originally stated that it was 4K compatible, the reality is that it isn't.
The A31, while a good prospect, does not have the ability to function as the basis for a 4K device.
We evaluated the A31 with the hopes of using it for our project, but the device fell short on many fronts, including the inability to decode 4K at 30fps and the inability to output anything more than 1080p over HDMI.
All of the Allwinner and Rockchip devices may claim 4Kx2K, but in reality they can only play certain 4K videos, and only display them externally at 1080p
this is my last message today, I really need to get back to work and stop fighting the disinformation here.
Below you cite two items claiming that retired shares are being redistributed, you are incorrect.
Item 1 - 250,000,000 shares from the acquisition of the Global Media Group. 174,189,448 are used to meet contractual obligations, 75,810,552 are returned to treasury, thereby reducing the outstanding shares by 75 million.
Item 2 - 250,000,000 shares from the acquisition of the NanoTech Media Group. 105,017,750 are used to meet contractual obligations, 144,982,250 are returned to treasury, thereby reducing the outstanding shares by 105 million.
The company did not state that it retired 500,000,000 shares, it stated that it retired 220,792,802 shares from these two transactions, which is what happened. This is easily verified by contacting the transfer agent.
Early on the company was desperate for financing and acquisitions and gave deals that netted large issues of shares. Once the company was stronger, it still had some obligations to issue more shares, and rather than create a second increase in the authorized shares, thereby further diluting the company, a plan was put in place an executed whereby obligations to issue shares could be achieved, AND the overall outstanding shares could be reduced.
All share transactions are reviewed by and approved by an SEC attorney, and must pass review by the transfer agent before they may be transacted.
I"m sure the same way it was done in the past. That's the realm of Ted and Jeff, I'm not privy to such dealings. They've already retired over 230 million so I have no doubt they will do more.
Employees do not need to file a form 4 to sell, only affiliates, insiders and directors.
not current financials, you must be reading previous financials.
You take my words out of context and make incorrect assumptions.
First, we are not diluting by issuing shares to employees, especially when those shares have already be allocated to an employee pool.
Second, you make an incorrect assumption that NanoTech is not paying its employees. All employees are receiving their paychecks in full every week. We have long since passed the time where employees were working for stock only.
Finally, I take offense to your assertion that by issuing shares to employees is some form of greed. I believe that the dedicated employees, who have worked extremely hard at building up the value of the company, and thereby increasing the share price deserve to share in the reward of increased share price. Investors are important, but so are employees. Why should they not be rewarded when the price increases. Do you think only investors deserve the reward?
Most public companies have a stock option plan for the employees, to insinuate that this is somehow based on employee greed is ridiculous.
When you say "diluting of any kind" there is only one way to Dilute stock, and that is to issue more shares. Our Director, Ted Campbell, has already made public statements during our recent shareholders meeting that it is our intention to retire more shares, and we have identified and targeted a goal of reducing the outstanding shares by another 68 million in the near future. While the company has contracts that require issuance of shares to employees and some other partners, our overall goal, as stated, is to continue to reduce the outstanding shares not increase them.
6M restricted shares were converted to free trading. That does not require an SEC filing and is not shares being sold, but rather someone that has held previously issued restricted shares and has converted them to free trading. Typically that means that they have held them for at least a year, are not an affiliate, and have met all of the other Rule 144 criteria.
shareholders of record is not shareholders, but rather shareholders that we issued shares to and still have them. Shareholders that bought in the open market is a much larger number, but not a number that we keep or our transfer agent keeps.
Go to http://www.nanotechent.com/investors.html and hit refresh on your browser, or go to http://www.otcmarkets.com/stock/NTEK/filings
That is simply untrue. Please see my recent posting about 4K. We'll be showing off 4K in public very soon and will welcome you to see it for yourself.
Your assumption and assertion are both incorrect. Let me help you understand 4K.
4K UltraHD TV's do not care about what compression standard the video is being decoded in, unless you are talking about the player running inside the TV. The reason that anyone would make such a statement as the article that you cite is simply to confuse the market and stem off competition.
If you are talking about a TV, in the sense of the final delivery of your video, all it cares about is the HDMI connector bringing the signal to it. At that point you have a digital image signal. The HDMI 1.4 specification, which is the most current spec, supports an image signal up to 4096x2160 @ 30Hz.
Current TVs can and do support and display true 4K images. We showed off our 4K live streaming at the shareholders meeting on June 15th. Not only did we show 4K (both 39 and 50 inch) we also gave live demonstrations of our 4K streaming using both 6MBit/s and 10MBit/s streams.
HEVC, or H.265 is a compression method for compressing imagery, and will be in use commonly next year. It is a progression of the current H.264 standard. HEVC requires a lot of horsepower to use, and it is just now starting to show up in hardware codecs being implemented into chips that will be used in the next generation of set top boxes and smart TVs. Claiming that it is required for 4K playback is a flat out lie. It's just a better, more efficient way to compress data. The difference is that you can get about a 50% reduction in bandwidth requirements by using H.265 (HEVC) over H.264.
If you have a very low power CPU in your player, you will not be able to support H.265 decoding. Most "Smart" TVs have a CPU built into them for your basic players such as NetFlix and Hulu. Brands like Samsung are trying to provide a basic TV solution without having to hook up a box such as a Roku. To do that, they have simply built in the equivalent of a Roku into their TV. This really has nothing to do with the TV itself, or its ability to display 4K content, it's just a player built into the TV. So if you want to stretch the logic, and try and claim that a "Smart" TV being sold today won't be able to playback HEVC content internally, then yes, you would be correct, but that doesn't mean the TV can't play 4K content encoded in HEVC, it just means that you can't do it on the internal hardware player.
I can connect my prototype Nuvola NP-1 player's HDMI output to any 4K panel, and play 4K content to it, in H.264. We are finalizing a software codec for HEVC (H.265) that will also run on the Nuvola NP-1 that will allow us to decode and playback HEVC encoded content to any 4K TV. Many people are waiting for HEVC to be available in hardware before launching their players. We chose to go with H.264 because we are able to stream 4K content using it and have selected a pathway whereby we can simply update via software our player and have full HEVC support when it becomes widely used.
The TV is not the gating factor, the playback device is. If you are relying on the TV to be your playback device, then yes, make sure you wait until the next generation of TV's that have HEVC support built in are what you choose. If you intend on connecting your 4K TV to a player, such as the Nuvola NP-1, then get any 4K TV you like, as the Nuvola NP-1 can playback H.264 and H.265 content. It's really just a matter of what your playback device supports and is it powerful enough to run HEVC codecs.
Your assessment of likes and views on Facebook is completely wrong. I would suggest you do some research into how YouTube and Facebook are monetized, because getting someone to click a like button is a way to generate real revenue. Getting someone to view your video on YouTube is a very clear way to generate revenue. How does that extrapolate to streaming media? Very directly. Those same viewing habits that generate enough interest to get someone to click a like get them to load a channel and watch an episode. Every 1,000 impressions you make on streaming video can net you up to $12 in ad revenue on a streaming platform such as Roku. These types of viewers and viewing behavior are signfigantly relevant to the business model on which many streaming companies such as Hulu make money.
It's really simple. Go to www.speedtest.net and run the test at your home. If you get over 6mbit we can stream 4K to your house. if you get over 10mbit we can stream near lossless 4K to your house.
Most internet providers getting 20mbit/s or less service is under $60 per month.
Last year the average US home was getting 6.6mbit service and paying $44 a month.
No, streaming doesn't replace cable TV now, but it will. Streaming and on demand programming will take over. Look at this scenario. When Tivo first came on the scene, nobody had DVR. Now over 50% of the homes have a DVR.
Viewing habits change, and on-demand is becoming the norm and will replace the methodolgy employed now. Yes, there will always be the need for live streams, and scheduled programming, but long gone are the days of episodic content being dolled out and recorded to DVR, that type of content is moving to VOD very quickly.
TV is becoming a buffet, where viewers will pick and choose and no longer be taking the "base package"
With all of that said, 4K is coming, and while we aren't betting the farm on it, we are investing very heavily on it. We have addressed the technology, and soon you will see we will be working on content as well. Most of the big names do not have streaming players now, and are waiting on the hardware implementation of HEVC (aka H.265) to build them. Next year at CES you will see many of them, and then the race will begin for content. We will have had over a year under our belt by the time they get to market. They may even destroy the sales of our player at some point next year, but that is okay because our real goal is to have the 4K content and infrastructure that can be deployed on multiple devices. We are hardware agnostic, and will have our channels on as many devices as possible.
SHM Login info - it's been a very busy week as you will find out tomorrow. We just got to setting up the SHM live stream channel a couple of hours ago as some big work projects that are time sensitive took priority. Everyone that made a reservation will receive an email with their log in info the next couple of hours. Rather than just have a simple stream we are working on adding an interactive chat function as well.
NTEK Debt as reported in the March 31, 2013 Financials is $1.4M.
The accumulated deficit is $5.2M.
Accumulated Deficit is not debt. The term used in place of retained earnings when a corporation has a negative (debit) balance in its account. While methods of accounting for an accumulated deficit vary somewhat, it is common for businesses to note the amount of the net loss under the stockholder equity carried by the firm. This makes it possible to document the loss in the company’s accounting records as well as identify the amount for purposes of claiming any applicable tax breaks.
I am not hiding from investors or my personal issues.
I have always addressed the UltraCade case and I posted information about it in the NanoTech SEC filings when I took over as interim CEO as required.
I addressed the UltraCade situation last January in a press release that can be found here http://davidrfoley.s3.amazonaws.com/Foley.pdf Global VR and I have settled our dispute in an out of court settlement terminating both their suit against me and my suit against them.