Orad Hi-Tec Systems
19 June 2007
Orad Hi-Tec Systems Limited ('Orad' or the 'Company')
CONCACAF (one of FIFA's six continental confederations) purchases Orad's graphic
suite in a deal worth several hundred thousand dollars
Orad Hi-Tec Systems Limited (Symbol: OHT), a leading provider of virtual studios
and on-air graphics systems has announced that it will provide CONCACAF with its
3DReplay soccer analysis system, CyberSport sport enhancement, and an advanced
virtual studio solution.
CONCACAF, the Confederation of North, Central American and Caribbean Association
Football and one of FIFA's six continental confederations, will now be able to
benefit from Orad's unique High Definition/Standard Definition sport enhancement
solutions: 3DReplay will enable CONCACAF to provide their viewers with exciting
real-time 3D graphic models of key soccer events seconds after they take place.
With CyberSport, CONCACAF will be able to insert live, tied-to-the-field 3D
graphics, animations and videos on the playing field, regardless of camera
movement.
Orad will also be providing CONCACAF with its first high definition virtual
studio system, which will make it easy for them to produce captivating
broadcasts with advanced three dimensional graphics.
Mr. Chuck Blazer, Executive Committee Member, CONCACAF commented: 'Orad's unique
sport enhancement systems will enable us to captivate our viewers with real-time
three dimensional graphics, images and videos, as well as facilitating an
upgrade to High Definition.'
Mr. Avi Sharir, CEO and President of Orad commented: 'We are very happy with the
sale to CONCACAF as it demonstrates our continual dominance and technology
advantage in the sport enhancement market. Assisting a major sporting
organisation and confederations in North America are important breakthroughs for
our systems.'
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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