Orad Hi-Tec Systems
08 September 2005
Orad wins largest ever US order of cluster middleware for the US Government
Orad Hi-Tec Systems (Symbol: OHT) announced today that Concurrent, a leading
company in the design and development of high performance computer products, has
placed an order for Orad's scalable graphics middleware.
Orad is to manufacture and supply 29 VR-X compositing cards and Cluster Manager
software licences to be integrated into a large scale system developed by
Concurrent for the US Government. The Orad VR-X boards will be used to support
a high-performance simulation application.
'We are pleased that the Orad VR-X compositing board set will be used by the US
Government when high performance and reliability is needed' said Mr.Otrage,
V.P. business developments for visualisation at Orad. 'Our middleware caters to
very demanding and specific applications where performance is critical. We are
tuning the graphical features to meet challenging and unique visualisation
needs. This need for customisation is welcomed by the market, and brings a
regular stream of requests to Orad for high-end use in the defence and
manufacturing industries.
'This is the first time that the two companies have joined together their
knowledge and expertise in this application, and they are looking forward to
further cooperation in forthcoming business opportunities.'
About ORAD
Founded in 1993, Orad is a world leader in TV production technology and 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 in the Prime Standard on Frankfurt's Wertpapierborse Prime Standard and
Alternative Investment Market of the London Stock Exchange (symbol: OHT).
www.orad.tv
For further information contact:
ORAD Hi-Tec Systems Ltd
Ofir Benovici, 972 9 7676 862
Director of Marketing ofirb@orad.tv
Israel
Shore Capital
Graham Shore, London, UK 44 20 7408 4090
Haubrok Investor Relations
Michael Kempkes, Frankfurt, Germany 49 211 30126102
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.