Ocean Harvest T Regulatory News (OHT)

12 Jul 2005 08:00

Orad Hi-Tec Systems12 July 2005 12 July 2005 ORAD Hi-Tec Systems Limited ("Orad") Orad wins fourth virtual set contract with Italy's leading broadcaster RAI TV Kfar Saba, Israel - 12 July 2005 - Orad Hi-Tec Systems (Symbol: OHT) announcestoday that it has received a further few hundred thousands euros order for itsvirtual set from RAI TV, a leading Italian broadcaster. Following three installations, RAI TV has placed an order with Orad for itsfourth virtual set system. RAI TV intends to utilise the virtual set for varioustypes of productions including news, magazines and entertainment in its Milanstudios. As part of the agreement, Orad will provide RAI with a multi channel virtual setsolution that is empowered by Orad's Xync infra-red tracking system. Such acombination offers RAI TV maximum freedom of camera movement as well as theability to preview each of the cameras before going on air. "We are extremely pleased with this order from RAI. The strong partnership thatwe have established with our Italian distributor - Broadcast Digital Service -has played a key roll in this project" says Avi Sharir, CEO and President ofOrad. "The fact that this is the fourth virtual set system acquired by a leadingbroadcaster such as RAI TV enforces the superiority of our virtual set solution.More and more broadcasters realise the benefits of the cost effectiveness andthe creative opportunities which our virtual set brings in comparison toalternative solutions", Sharir summarised. About ORAD Founded in 1993, Orad is a world leader in TV production technology and rapidlyincreasing its position in the Virtual Reality industry. Orad's lines ofproducts include virtual sets, on-air graphics systems, virtual advertising,sports production solutions and hardware for the Virtual Reality industry. Oradhas received extensive worldwide recognition for its systems at a wide-range ofevents including the 1999/2000 Emmy Award for the 'Implementation of Real TimeVirtual Imaging for Live Events on Television'. Orad is a publicly tradedcompany in the Prime Standard on Frankfurt's Wertpapierborse Prime Standard andAlternative Investment Market of the London Stock Exchange (symbol: OHT). www.orad.tv For further information contact: ORAD Hi-Tec Systems LtdAvi Sharir, Israel 972 9 7676 862 Shore CapitalGraham Shore, London, UK 44 20 7408 4090 Haubrok Investor RelationsMichael Kempkes, Frankfurt, Germany 49 211 30126102 This information is provided by RNS The company news service from the London Stock Exchange