Ocean Harvest T Regulatory News (OHT)

19 Jun 2007 07:02

Orad Hi-Tec Systems19 June 2007 Orad Hi-Tec Systems Limited ("Orad" or the "Company") CONCACAF (one of FIFA's six continental confederations) purchases Orad's graphicsuite in a deal worth several hundred thousand dollars Orad Hi-Tec Systems Limited (Symbol: OHT), a leading provider of virtual studiosand on-air graphics systems has announced that it will provide CONCACAF with its3DReplay soccer analysis system, CyberSport sport enhancement, and an advancedvirtual studio solution. CONCACAF, the Confederation of North, Central American and Caribbean AssociationFootball and one of FIFA's six continental confederations, will now be able tobenefit from Orad's unique High Definition/Standard Definition sport enhancementsolutions: 3DReplay will enable CONCACAF to provide their viewers with excitingreal-time 3D graphic models of key soccer events seconds after they take place.With CyberSport, CONCACAF will be able to insert live, tied-to-the-field 3Dgraphics, animations and videos on the playing field, regardless of cameramovement. Orad will also be providing CONCACAF with its first high definition virtualstudio system, which will make it easy for them to produce captivatingbroadcasts with advanced three dimensional graphics. Mr. Chuck Blazer, Executive Committee Member, CONCACAF commented: "Orad's uniquesport enhancement systems will enable us to captivate our viewers with real-timethree dimensional graphics, images and videos, as well as facilitating anupgrade to High Definition." Mr. Avi Sharir, CEO and President of Orad commented: "We are very happy with thesale to CONCACAF as it demonstrates our continual dominance and technologyadvantage in the sport enhancement market. Assisting a major sportingorganisation and confederations in North America are important breakthroughs forour systems." About Orad Founded in 1993, Orad is a world leader in TV production technology and israpidly increasing its position in the real time three dimensional graphicmarket. Orad's product line includes virtual sets, on-air graphics systems,channel branding, virtual advertising, sports production solutions and hardwarefor the Virtual Reality industry. Orad is a publicly traded company in the PrimeStandard on Frankfurt's Wertpapierborse Prime Standard and AIM Market of theLondon Stock Exchange (symbol: OHT). www.orad.tv For further information contact:ORAD Hi-Tec Systems Ltd Ehud Ben-Yair +972 9 7676 862C.F.O ehudb@orad.tv Shore CapitalGraham Shore, London, UK +44 20 7408 4090 Edicto Investor RelationsDr. Sonke Knop, Frankfurt Germany +49 608494859-1 This information is provided by RNS The company news service from the London Stock Exchange