Orad Hi-Tec Systems
20 February 2007
Orad signs a new agreement with RTBF worth US$1.2 million to supply three
dimensional news graphics systems.
Orad Hi-Tec Systems (Symbol: OHT), a world-leading provider of virtual studios
and on-air graphics, has announced that it will be providing Radio Television
Belge de la Communite Francaise ('RTBF'), with Orad's 'Maestro' platforms for
news, channel branding, and '3Designer' authoring software. The contract is
estimated at US$1.2 million and will be supplied during 2007.
After a thorough evaluation process through a Europe wide public tender, RTBF
chose to standardise their graphic solution with Orad's 'Maestro' three
dimensional graphic systems, which will provide RTBF with an end-to-end playout
application for news, channel branding, and on site production. RTBF choose
Orad's 'Maestro' as the most cost effective solution due to its scalability,
reliability, and its seamless integration to the 'iNews' news room system and
the 'Avid NLE' system. The 'Maestro' three dimensional graphic station is based
on Orad's powerful 'HDVG' graphic platform which will offer RTBF advanced
standard definition capabilities with an easy upgrade path to high definition
content production capabilities. RTBF chose Orad's '3Designer' authoring
software, which will enable RTBF to create state-of-the-art, real-time three
dimensional graphics and animations. RTBF has announced Orad as its premium
partner for graphics solutions for the entire digitisation process.
Mr Avi Sharir, President and CEO of Orad, commented: 'A sale to a leading public
broadcaster like RTBF firmly reinforces Orad's prominent position in the three
dimensional news graphic market'.
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
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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