Ocean Harvest T Regulatory News (OHT)

25 Apr 2006 07:00

Orad Hi-Tec Systems25 April 2006 Orad Hi-Tec Systems ("Orad" or the "Company") Orad Hi-Tec Systems (Symbol: OHT), has today announced an order worth severalhundred thousands of US dollars from ERT, Greece's largest public televisionbroadcaster. ERT will utilise Orad's ProSet virtual studio solution as well asmultiple Maestro stations to enhance its news graphics. As part of the agreement, ERT will employ Maestro in its on-air graphics andcharacter generator solution for various daily news productions. Maestro willallow ERT to enhance their production workflow, by introducing a real timetemplate to all graphic elements. Complementing the Maestro system is ProSet, Orad's high end virtual studiosystem empowered by 4 of Orad's "HDVG" - High Definition video graphicsrendering platform. ProSet will be utilised by ERT as its virtual system for thenews operation. Orad's Xync infra red based tracking technology will also beimplemented as the tracking system of the virtual studio, allowing free cameramovement within the studio. Orad's 3Designer application will serve as theauthoring software for both ProSet and Maestro streamlining the entire graphicsworkflow. Commenting on the deal Mr Avi Sharir, President and CEO of Orad: "Orad's abilityto provide an end-to-end solution to ERT played a key role in winning thiscontract. From infra-red camera tracking technology, a powerful video graphicsrendering platform to high quality virtual studio, and on air graphicssolutions, Orad provides it all. We provide a better solution to the customer bystreamlining the workflow and increasing the efficiency". 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. 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 andthe AIM Market of the London Stock Exchange (symbol: OHT).www.orad.tv For further information contact:ORAD Hi-Tec Systems LtdEhud Ben- Yair, C.F.O 972 9 7676 862Israel ehudb@orad.tv 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