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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