Re Agreement

Orad Hi-Tec Systems 11 April 2006 Orad Hi-Tec Systems Limited ('Orad' or the 'Company') Orad Hi-Tec Systems Limited (Symbol: OHT) has today announced a second agreement with China's national broadcaster, China Central Television ('CCTV'), worth several hundred thousand US dollars. This agreement will allow CCTV's International news channels to implement Orad's Maestro On Air Graphics solution. The systems will be installed in CCTV's main broadcasting centre in Beijing and will be fully integrated with the Sobey newsroom and automation system. Multiple 3Designer Advance authoring software will be used for generating real time 3D graphics templates and animations. Using the Maestro Controller the graphic templates will become available to CCTV's journalists allowing them the ability to work collaboratively thereby sharing their stories across several studios. All of Orad's systems are powered by the world's most powerful Dual Rendered Video Graphics platform, the DVG. By implementing this system, CCTV International will be the first user of Orad's new streaming technology. CCTV International comprises 3 channels: CCTV-9 (the 24-hour English language channel); CCTV-E&F (overseas channel targeted at Spanish speaking and French speaking audiences); and CCTV-4 (overseas Chinese Language channel). CCTV International reaches more than 80 percent of the total population of China, with regular viewership of over 500 million, which is the largest in the world. Avi Sharir, President and CEO of Orad, commented: 'It is an honor to be associated with CCTV. China is the fastest growing economy in the world and CCTV is the main information source for this region. This agreement coupled with Orad's earlier agreement for the Shanghai Media Group News Centre and more than 15 other Regional News Broadcasters solidifies Orad's position as the preferred News Graphics solution in the Chinese market' concluded Mr. Sharir. About ORAD Founded in 1993, Orad is a world leader in TV production technology and rapidly increasing its position in the Virtual Reality industry. Orad's lines of products include virtual sets, on-air graphics systems, virtual advertising, sports production solutions and hardware for the Virtual Reality industry. Orad has received extensive worldwide recognition for its systems at a wide-range of events including the 1999/2000 Emmy Award for the 'Implementation of Real Time Virtual Imaging for Live Events on Television'. Orad is a publicly traded company in the Prime Standard on Frankfurt's Wertpapierborse Prime Standard and Alternative 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 C.F.O ehudb@orad.tv Israel 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
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