Orad Hi-Tec Systems
12 February 2008
12 February 2008
Orad Hi-Tec Systems Limited ('Orad')
Contract with MTV Oy, Finland's largest private broadcaster, for Orad's graphics
solutions valued at US$600,000
Orad (Symbol: OHT) announces that MTV Oy, Finland's largest privately owned
commercial broadcaster, has purchased multiple channel branding and TV news
graphics solutions. The contract is valued at approximately US$600,000 and will
be recognised in H1-2008.
Following its evaluation of the available graphics solutions, MTV Oy has chosen
to deploy Orad's Maestro HD/SD 3D character generators across the station's
facilities. The Maestro systems will be used both for channel branding and news
operation and will enable MTV Oy to benefit from Orad's centralised graphics
asset management system.
Mr. Avi Sharir, President and CEO of Orad commented: 'Orad's continued increase
in presence in the broadcast graphics market can be attributed to our on-air
graphics systems which provide broadcasters with reliable, powerful, easy to use
products and solutions for news, branding and more.'
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
markets. Orad's product line includes virtual studios, 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
Enquiries:
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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