Agreement with Eredivisie

Orad Hi-Tec Systems 20 July 2005 Virtual Advertisement Agreement with Dutch Football Premier League Eredivisie Orad wins its largest European contract to date valued at more than US $3 million for a virtual advertisement agreement with the Dutch Football Premier League Eredivisie. Orad Hi-Tec Systems (Symbol: OHT), announced today the signing of a three-year contract with Dutch based production house WK Producties for producing virtual advertisement and sport enhancements for the Dutch Football Premier League Eredivisie. The contract, valued at more than US $3 million, is the largest contract ORAD has signed in Europe to date. Under the terms of the Agreement, Orad's CyberSport system will be used to insert 'virtual carpet advertising' and sport enhancement features of all 966 games for the upcoming 3 seasons. In addition, CyberSport will be used for other matches such as the UEFA Cup, Intertoto, Friendly matches and the Amstel Cup. The system will be operated by Dutch sports production company WK Producties. CyberSport's flexibility enables the inserting of virtual carpets anywhere on the sidelines of the pitch; areas where physical billboards can't be placed. Furthermore a set of other features such as offside lines, 9 meter indicators and distance measurements are to be introduced, enriching the broadcast feed. 'Our aim is to provide the Eredivisie League teams with an additional stream of revenues that can be generated from the virtual carpets on the one hand and to enhance the viewer experience on the other hand by using state of the art sport enhancement features' says General Director Will Moerer of WK Producties. 'During the past few months we tested some alternatives and found Orad's CyberSport superior compared to all other alternatives. CyberSport provides us with all the necessary tools to achieve our goals' Moerer summarised. Commenting on the deal, Orad CEO Mr. Avi Sharir said: 'As a long time advocate of the acceptance of virtual advertising by rights holders and broadcasters, I am thrilled with the Eredivisie and WK endorsement of the CyberSport. CyberSport is the only system on the market able to provide a comprehensive solution. Following the initial agreement with the Eredevisie league for year 2004- 2005 season, the league will now be able to provide its advertisers with new ways to strengthen their brand and provide a richer broadcast feed for home viewers with our sport enhancement features. More and more broadcasters are now realising the potential of virtual advertising and we anticipate it will become one of the growing engines of our operation.' About ORAD Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the Virtual Reality industry. Orad's lines of products include virtual sets, on-air graphics systems, virtual advertising, sports production solutions and hardware for the Virtual Reality industry. Orad has received extensive worldwide recognition for its systems at a wide-range of events including the 1999/2000 Emmy Award for the 'Implementation of Real Time Virtual Imaging for Live Events on Television'. Orad is a publicly traded company on Frankfurt's Markt and the AIM Market of the London Stock Exchange (symbol: OHT). www.orad.tv For further information please contact: Ofir Benovici - ofirb@orad.tv Director of Marketing Orad Hi Tec Systems This information is provided by RNS The company news service from the London Stock Exchange
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