Ocean Harvest T Regulatory News (OHT)

5 Oct 2006 07:00

Orad Hi-Tec Systems05 October 2006 Orad Hi-Tec Systems Limited ("Orad") Orad wins four new contracts Orad Hi-Tec Systems (Symbol: OHT), a leading provider of virtual studios, hasfurther established itself as a major force in the US virtual production marketby winning four new sales contracts due for delivery in 2006. The combined totalsales value is expected to exceed three quarters of a million dollars. All foursales are to established broadcasting centres of large US governmentalorganisations, including the Centre for Disease Control, St. Petersburg College,the National Terrorism Preparedness Institute and the Department of Veterans'Affairs. Prior to purchasing Orad's virtual studio solutions, the purchasers hadpreviously only produced in conventional studios. Orad's virtual studiosolutions will enable them to produce in High Definition and StandardDefinition, quickly and easily captivating programmes in real-time. Orad's virtual studio solutions was selected as the preferred solution aftercareful evaluation of possible alternatives and as a result of ourstate-of-the-art Standard Definition/High Definition HDVG rendering platform,precise camera tracking technologies, and 3Designer real-time 2D/3D graphics andanimations authoring software. Avi Sharir, CEO and President of Orad: "These sales further solidify ourstanding as a leading provider in the US virtual production market. Asbroadcasters begin to move from conventional to virtual studios, and with theincreased interest in HD systems, broadcasters worldwide are beginning torealise the full potential of Orad's innovative virtual solutions." About ORAD Founded in 1993, Orad is a world leader in TV production technology and israpidly increasing 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. Oradis a publicly traded company in the Prime Standard on Frankfurt'sWertpapierborse Prime Standard and AIM Market of the London Stock Exchange(symbol: OHT). www.orad.tv For further information contact:ORAD Hi-Tec Systems Ltd Ehud Ben-Yair +972 9 7676 862 C.F.O ehudb@orad.tv Shore Capital Graham Shore, London, UK +44 20 7408 4090 Edicto Investor Relations Dr. Sonke Knop, Frankfurt Germany +49 608494859-1 This information is provided by RNS The company news service from the London Stock Exchange