Ocean Harvest T Regulatory News (OHT)

9 Oct 2006 07:00

Orad Hi-Tec Systems09 October 2006 Orad Hi-Tec Systems Limited ("Orad") Orad wins two new contracts from the RTL group, worth US$600,000, to berecognised in 2006. Orad Hi-Tec Systems (Symbol: OHT), announced today that leading Europeanbroadcasters, RTL Croatia and RTL-TVI (Belgium) have purchased its ProSetvirtual studio solution and Xync infrared tracking technology with a sales valueamounting to US$600,000. Orad's ProSet was chosen by RTL for its switchable Standard definition/ Highdefinition HDVG graphic creation platform. This platform allows the mostcomplex virtual set to run in real-time, using a graphic characters engine, andenabling a switch from one set to another - providing significant financialsavings to broadcasters. RTL-TV1 (Belgium) will initially be using ProSet toproduce five different news oriented shows that will be shot live to tape,enabling them to move quickly from one production to another, facilitating easyset changes, designs and virtual screen positions. The system also includes Orad's Xync infrared tracking system, which providesfree camera movement within the studio. By supporting all types of studiocameras, the Xync system offers unmatched production flexibility. Mr. Jeumont Vincent, Head of Systems and Projects RTL-TVI (Belgium), commented:"After extensive research we selected Orad as the provider of our virtual studiosolution to be installed in our new premises in Brussels. Orad is known fordelivering robust and reliable virtual studio solutions, and the HDVG willprovide us with a smooth transition to more elaborate set designs, especiallywhen we move to High Definition in the next few years. In addition, we areconfident that the accurate Xync full three dimensions tracking system willallow us to have total freedom with our camera movements." Mr. Dusko Zimonja, Technical Director of RTL Croatia, commented: "We are usingOrad's ProSet virtual studio, along with three separate HDVGs for the productionof several types of programs, including news and entertainment. Only ProSet isable to offer us free camera movement, seamless integration between our virtualsets and on-air graphics, whilst being a powerful authoring tool with the addedbenefit of being easy to use, thanks to its intuitive user interface." Mr. Avi Sharir, CEO and President of Orad, commented: "Nothing demonstratesOrad's leading position in the Virtual Reality industry more than the fact thatleading European television broadcasters such as RTL are purchasing our ProSetvirtual studios and Xync infrared tracking systems. ProSet and Xync have firmlyentrenched themselves as the industry standard for high-end virtual productions." 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 productline includes virtual sets, on-air graphics systems, virtual advertising, sportsproduction solutions and hardware for the Virtual Reality industry. Orad is apublicly traded company in the Prime Standard on Frankfurt's WertpapierborsePrime Standard and AIM Market of the London Stock Exchange (symbol: OHT). www.orad.tv For more 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