Re Contract

12 Feb 2008 07:45

Orad Hi-Tec Systems12 February 2008 12 February 2008 Orad Hi-Tec Systems Limited ("Orad") Contract with MTV Oy, Finland's largest private broadcaster, for Orad's graphicssolutions valued at US$600,000 Orad (Symbol: OHT) announces that MTV Oy, Finland's largest privately ownedcommercial broadcaster, has purchased multiple channel branding and TV newsgraphics solutions. The contract is valued at approximately US$600,000 and willbe recognised in H1-2008. Following its evaluation of the available graphics solutions, MTV Oy has chosento deploy Orad's Maestro HD/SD 3D character generators across the station'sfacilities. The Maestro systems will be used both for channel branding and newsoperation and will enable MTV Oy to benefit from Orad's centralised graphicsasset management system. Mr. Avi Sharir, President and CEO of Orad commented: "Orad's continued increasein presence in the broadcast graphics market can be attributed to our on-airgraphics systems which provide broadcasters with reliable, powerful, easy to useproducts and solutions for news, branding and more." 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 graphicsmarkets. 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 Enquiries: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