Orad Hi-Tec Systems
12 July 2005
12 July 2005
ORAD Hi-Tec Systems Limited
('Orad')
Orad wins fourth virtual set contract with Italy's leading broadcaster RAI TV
Kfar Saba, Israel - 12 July 2005 - Orad Hi-Tec Systems (Symbol: OHT) announces
today that it has received a further few hundred thousands euros order for its
virtual set from RAI TV, a leading Italian broadcaster.
Following three installations, RAI TV has placed an order with Orad for its
fourth virtual set system. RAI TV intends to utilise the virtual set for various
types of productions including news, magazines and entertainment in its Milan
studios.
As part of the agreement, Orad will provide RAI with a multi channel virtual set
solution that is empowered by Orad's Xync infra-red tracking system. Such a
combination offers RAI TV maximum freedom of camera movement as well as the
ability to preview each of the cameras before going on air.
'We are extremely pleased with this order from RAI. The strong partnership that
we have established with our Italian distributor - Broadcast Digital Service -
has played a key roll in this project' says Avi Sharir, CEO and President of
Orad. 'The fact that this is the fourth virtual set system acquired by a leading
broadcaster such as RAI TV enforces the superiority of our virtual set solution.
More and more broadcasters realise the benefits of the cost effectiveness and
the creative opportunities which our virtual set brings in comparison to
alternative solutions', Sharir summarised.
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
Avi Sharir, Israel 972 9 7676 862
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
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