Orad Hi-Tec Systems
25 April 2006
Orad Hi-Tec Systems ('Orad' or the 'Company')
Orad Hi-Tec Systems (Symbol: OHT), has today announced an order worth several
hundred thousands of US dollars from ERT, Greece's largest public television
broadcaster. ERT will utilise Orad's ProSet virtual studio solution as well as
multiple Maestro stations to enhance its news graphics.
As part of the agreement, ERT will employ Maestro in its on-air graphics and
character generator solution for various daily news productions. Maestro will
allow ERT to enhance their production workflow, by introducing a real time
template to all graphic elements.
Complementing the Maestro system is ProSet, Orad's high end virtual studio
system empowered by 4 of Orad's 'HDVG' - High Definition video graphics
rendering platform. ProSet will be utilised by ERT as its virtual system for the
news operation. Orad's Xync infra red based tracking technology will also be
implemented as the tracking system of the virtual studio, allowing free camera
movement within the studio. Orad's 3Designer application will serve as the
authoring software for both ProSet and Maestro streamlining the entire graphics
workflow.
Commenting on the deal Mr Avi Sharir, President and CEO of Orad: 'Orad's ability
to provide an end-to-end solution to ERT played a key role in winning this
contract. From infra-red camera tracking technology, a powerful video graphics
rendering platform to high quality virtual studio, and on air graphics
solutions, Orad provides it all. We provide a better solution to the customer by
streamlining the workflow and increasing the efficiency'.
About ORAD
Founded in 1993, Orad is a world leader in TV production technology and is
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
the AIM Market of the London Stock Exchange (symbol: OHT).
www.orad.tv
For further information contact:
ORAD Hi-Tec Systems Ltd
Ehud Ben- Yair, C.F.O 972 9 7676 862
Israel ehudb@orad.tv
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 END
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