Ocean Harvest T Regulatory News (OHT)

8 Mar 2006 09:00

Orad Hi-Tec Systems08 March 2006 Orad Hi-Tec Systems Limited ("Orad" or the "Company") Orad Hi-Tec Systems Limited (Symbol: OHT) has today announced an agreement withChina's national broadcaster, China Central Television ("CCTV"), worth severalhundred thousand US dollars. This agreement will allow CCTV to enhance theirexisting sports programming capability in preparation for the 2008 OlympicGames. Following the successful implementation of Orad's Sports systems by CCTV Sportsduring the October 2005 Chinese National Games in Nanjing, CCTV has decided toadopt Orad's sport graphic technology in order to enhance its TV sportsproduction capability by using more sophisticated visual tools. The agreementwith CCTV includes: - Orad's high end High-Definition/Standard-Definition (HD/SD) HDVG real-time video graphics computer; - CyberSport Graphic system that includes Orad's Emmy award CyberSport software, which provides real time graphics enhancements to a variety of sports areas; and - Orad's sports Cyber Graphic module, with several enhancements packages for soccer, tennis, swimming, athletics and others. The system will be utilised by CCTV for all the sports events and will be fullyintegrated with CCTV's studio working on HD/SD systems. The first live use ofthe system is planned for the FINA Swimming Championship, which will be heldduring April 2006, in Shanghai, China. Avi Sharir, President and CEO of Orad, believes that the contract with CCTV, oneof the worlds biggest broadcasters, represents another breakthrough for theCompany's sports graphics solution. "CCTV Sports broadcast reaches more than 900million viewers, having the largest viewer population in the world. We are proudto be part of CCTV's approach for HD broadcast. With this order CCTV joinsOrad's other Sports customers such as Canal+ in France, Televisa in Mexico andthe Dutch Football League, strengthening Orad's position as a provider ofcomplete sports graphics solutions. We expect our sports graphics systems to bewidely seen in the future in China, which will make it the standard for sportsprogramming broadcasters in the region" concluded Mr. Sharir. 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 Ltd Ehud Ben-Yair 972 9 7676 862 CFO and VP Finance ehudb@orad.tv Shore Capital Graham Shore, London, UK 44 20 7408 4090 Haubrok Investor Relations Michael Kempkes, Frankfurt, Germany 49 211 30126102 This information is provided by RNS The company news service from the London Stock Exchange