Update Tronfy MXIV to Android Lollipop?

I have a Tronfy MXIV TV box that I got from TinyDeals less than 2 months ago which runs Android 4.4.2. A few weeks ago they started selling an updated version with the name Telos with basically the same specs but comes with Android Lollipop pre-installed. Anyone know if its possible to update mine to Lollipop, either with the Telos firmware or a custom ROM?

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