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Orad Hi-Tec Systems 09 October 2006 Orad Hi-Tec Systems Limited ('Orad') Orad wins two new contracts from the RTL group, worth US$600,000, to be recognised in 2006. Orad Hi-Tec Systems (Symbol: OHT), announced today that leading European broadcasters, RTL Croatia and RTL-TVI (Belgium) have purchased its ProSet virtual studio solution and Xync infrared tracking technology with a sales value amounting to US$600,000. Orad's ProSet was chosen by RTL for its switchable Standard definition/ High definition HDVG graphic creation platform. This platform allows the most complex virtual set to run in real-time, using a graphic characters engine, and enabling a switch from one set to another - providing significant financial savings to broadcasters. RTL-TV1 (Belgium) will initially be using ProSet to produce five different news oriented shows that will be shot live to tape, enabling them to move quickly from one production to another, facilitating easy set changes, designs and virtual screen positions. The system also includes Orad's Xync infrared tracking system, which provides free camera movement within the studio. By supporting all types of studio cameras, the Xync system offers unmatched production flexibility. Mr. Jeumont Vincent, Head of Systems and Projects RTL-TVI (Belgium), commented: 'After extensive research we selected Orad as the provider of our virtual studio solution to be installed in our new premises in Brussels. Orad is known for delivering robust and reliable virtual studio solutions, and the HDVG will provide us with a smooth transition to more elaborate set designs, especially when we move to High Definition in the next few years. In addition, we are confident that the accurate Xync full three dimensions tracking system will allow us to have total freedom with our camera movements.' Mr. Dusko Zimonja, Technical Director of RTL Croatia, commented: 'We are using Orad's ProSet virtual studio, along with three separate HDVGs for the production of several types of programs, including news and entertainment. Only ProSet is able to offer us free camera movement, seamless integration between our virtual sets and on-air graphics, whilst being a powerful authoring tool with the added benefit of being easy to use, thanks to its intuitive user interface.' Mr. Avi Sharir, CEO and President of Orad, commented: 'Nothing demonstrates Orad's leading position in the Virtual Reality industry more than the fact that leading European television broadcasters such as RTL are purchasing our ProSet virtual studios and Xync infrared tracking systems. ProSet and Xync have firmly entrenched themselves as the industry standard for high-end virtual productions. ' 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 product line includes virtual sets, on-air graphics systems, virtual advertising, sports production solutions and hardware for the Virtual Reality industry. Orad is a publicly traded company in the Prime Standard on Frankfurt's Wertpapierborse Prime Standard and AIM Market of the London Stock Exchange (symbol: OHT). www.orad.tv For more information contact: ORAD Hi-Tec Systems Ltd Ehud Ben-Yair +972 9 7676 862 C.F.O ehudb@orad.tv 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
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