Re Agreement

Orad Hi-Tec Systems 20 March 2006 Orad Hi-Tec Systems Limited ('Orad') TV Globo Selects Maestro as its graphics solution for its news operation Orad Hi-Tec Systems (Symbol: OHT), announces today new agreements amounting to several hundred thousand US Dollars with TV Globo of Brazil, to provide Orad's Maestro real-time 3D graphics system to TV Globo's As part of the agreement, Orad will supply to TV Globo's main studios, at Sao Paulo and Rio de Janeiro, multiple Maestro stations coupled with Orad's News producer plug-ins, that will interface with Avid's iNews newsroom system. The Maestro News producer plug-in allows journalists, editors and operators to attach real time graphic elements to their articles, while working on the Avid iNews environment. Additionally, Orad will revamp TV Globo's graphics creation, by delivering its latest version of 3Designer, Orad's award-winning authoring software, as well as dedicated plug-ins such as text effects and line graphs. Furthermore, in order to enhance its production facilities in San Paulo, TV Globo has purchased Orad's virtual studio, which is based on its state of the art Xync infra red tracking technology. The Maestro systems will be installed at TV Globo's main studio in Sao Paulo. Additionally, three Maestro systems will be installed at TV Globo's affiliate stations in Brasilia, Recife and Belo Horizonte. Commenting on the new contracts Mr. Avi Sharir, President and CEO of Orad said: 'Over the last few months we have found more and more broadcasters realising the advantages of our Maestro solution for news operations. TV Globo is recognised as one of the largest and most respected broadcasters in the world. Since adding Maestro to our product portfolio, we are experiencing increased demand for our newsroom graphics solutions, assisting us to strengthen our position in this market segment.' About ORAD Founded in 1993, Orad is a world leader in TV production technology and is rapidly enhancing 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 AIM Market of the London Stock Exchange (symbol: OHT). More information about Orad: www.orad.tv For further information contact: ORAD Hi-Tec Systems Ltd Ehud Ben- Yair 972 9 7676 862 CFO & VP Finance ehudb@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
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