Re Contract

Orad Hi-Tec Systems 22 March 2005 Orad enhances its strong position in the Brazilian market Orad Hi-Tec Systems Limited (Symbol: OHT), a world leader in the broadcasting market today announced a major deal with Rede Record, one of the largest broadcasters in Brazil. As part of the deal Orad will supply Rede Record with its high end virtual set system - Cyber Set. The Cyber Set system is based on Orad's Xync infrared technology that provides extremely accurate tracking as well as free camera movement within the studio. Additionally, Orad provided Rede Record with its Cyber Graphics system which will be used for Rede Record's news and live sport productions. 'It has been a long and extensive evaluation process after which we found Orad's solution best suited for our production needs' said Reinaldo Gilli, Director of Operations & Engineering at Rede Record. 'Orad's solution is flexible, easy to use and provides us with capabilities that are not available with any other solution. The high level of support and the commitment of Orad's personnel were also a key factor in our decision'. 'I'm very pleased with the Rede Records agreement' said Avi Sharir, President and C.E.O of Orad. 'Latin America in general and the Brazilian market in particular are key markets for Orad and adding a high profile customer such as Rede Record to our customer list enhances our position in the territory' Sharir added. 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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