Re Contract

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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