Re. Contract

28 Jan 2008 07:45

Orad Hi-Tec Systems28 January 2008 Orad Hi-Tec Systems 28 January 2008 Orad Hi-Tec Systems Limited ("Orad") Orad continues to grow in the broadcast on-air graphics market with a new orderworth US$1.3M. Orad Hi-Tec Systems Limited (Symbol: OHT) announces that it has signed a newcontract worth US$1.3M for the sale of its broadcasting graphics solutions witha major customer in Africa. The customer will deploy Orad's solutions across thestation's different facilities and will standardise its graphics productionusing Orad's platform. The system will be deployed during H1/2008. As part of the agreement, Orad will equip the station with multiple Maestro HD/SD 3D character generator stations empowered by Orad's HDVG HD/SD videorendering platform. The sale also includes Orad's 3DWeather prediction systemand its advanced real-time 3D financial graphics solution. Mr. Avi Sharir, President and CEO of Orad commented: "This sale furtherdemonstrates Orad's increasingly strong presence in the broadcasting graphicsmarket. We have experienced significant growth in our graphics business during2007 and are expecting to continue this growth in 2008." 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 graphicmarkets. Orad's product line includes virtual studios, 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 862 Ehud Ben-Yair ehudb@orad.tv C.F.O 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