Ocean Harvest T Regulatory News (OHT)

7 Aug 2007 07:00

Orad Hi-Tec Systems07 August 2007 Orad penetrates the North American sports broadcasting market with contractswith a combined value of over US$1 million. Orad Hi-Tec Systems Limited (Symbol: OHT), a world leading provider of graphicssystems to sports broadcasters has announced that its combined sales of sportsolutions to multiple North American broadcasters including CBC, Fox Sports,CONCACAF, and RDS have topped $1 million dollars in recent months. Orad has recently provided these major North American broadcasters with advancedHigh Definition/Standard Definition sport enhancement solutions, including itsTrackVision 1st down line system; 3DReplay, which converts key soccer eventsfrom video to a 3D model that can be viewed from any angle, and CyberSport forlive insertion of tied-to-the-field 3D graphics, animations and videos on theplaying field. Mr. Avi Sharir, CEO and President of Orad, commented: "We are pleased that ourincreased efforts in the North American sport broadcasting market have beenfruitful. We expect this trend to continue as more and more leading broadcastersimplement our advanced sports graphics enhancement solutions." 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 graphicsmarket. 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 +972 9 7676 862Ehud Ben-Yair ehudb@orad.tvC.F.O 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