Orad Hi-Tec Systems
26 November 2007
Orad Hi-TecSystems Ltd
('Orad' or the 'Company')
Contract win
PCCW Now TV, one of Hong Kong's major broadcasters, has awarded Orad a contract
worth over US$750,000
Orad Hi-Tec Systems Limited (Symbol: OHT), announces that it has entered into a
contract to provide PCCW Now TV Sport Channel with a tailor made suite of sport
graphics. The value of the contract is over US$750,000, all recognisable in
2007. PCCW is the premier telecommunications provider in Hong Kong and a
world-class player in Information and Communications Technologies. As the
provider of Hong Kong's first quadruple-play experience, PCCW offers a range of
innovative media content and services across four platforms - fixed-line,
broadband Internet access, TV and mobile.
The solution which will be used will cover the production of the English soccer
Premier League, the Italian Seria A and other premium soccer leagues from all
over the world.
As part of the agreement Orad has agreed to provide an end to end solution that
has been designed to address the specific production requirement of PCCW Now TV
Sport Channel. The solution is deployed over multiple studios and includes real
time statistical collection, graphic control and playout and a unique
sponsorship module which manages the display of sponsors during the game. Orad's
TrackVision systems are also to be used to superimpose virtual graphics over the
playing field.
Mr. Avi Sharir, President and CEO of Orad: 'Orad continues to expend its
business in the sports market. The flexibility of our solution allows us to
tailor the solution to the specific needs of our customers and provide them with
a total solution that suits their specific requirements.'
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 graphics
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 please contact:
ORAD Hi-Tec Systems Ltd +972 9 7676 862
Ehud Ben-Yair ehudb@orad.tv
C.F.O
Shore Capital - Nominated Adviser to Orad
Graham Shore, London, UK +44 20 7408 4090
Edicto Investor Relations +49 608494859-1
Dr. Sonke Knop, Frankfurt Germany
This information is provided by RNS
The company news service from the London Stock Exchange
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