Re Contract

Orad Hi-Tec Systems 23 April 2007 Brazil's Rede Record to standardise its 3D on-air graphics solution with Orad's systems for US$650,000. Orad Hi-Tec Systems Limited (Symbol: OHT), a world leading provider of virtual studios and on-air graphics systems has announced that it will be providing Rede Record, one of Brazil's largest broadcasters, with its Maestro news graphics system, multiple 3DPlay channel branding solutions, and an additional virtual studio system. The deal is valued at US$650,000 to be recognised during 2007. Rede Record chose to standardise with Orad's three dimensional, on-air graphic solutions for their Rio de Janeiro and Sao Paolo broadcasting centers. Orad's Maestro news graphic system will integrate with ENPS' newsroom systems and Orad's 3DPlay channel branding solution will integrate to Harris' automation system. Rede Record, who is already using one of Orad's virtual studio systems in its Sao Paulo broadcasting center, has chosen to add another of Orad's virtual studio systems based on the Xync infrared tracking system for their Rio de Janeiro center. Avi Sharir, CEO and President of Orad, commented: 'We are pleased that Rede Record, a leading Brazilian broadcaster, has chosen once again to use Orad's full graphics solutions, to enhance their on-air graphic systems with Orad's news, channel branding, and virtual studio solutions.' About ORAD Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the real time three dimensional graphic market. Orad's product line includes virtual sets, on-air graphics systems, channel branding, 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 further information contact: ORAD Hi-Tec Systems Ltd +972 9 7676 862 Ehud Ben-Yair ehudb@orad.tv C.F.O 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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