Press release BoxID: 149401 (ORAD Hi Tec Systems GmbH)
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  • 50825 Köln
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  • Ehud Ben-Yair
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Orad Hi-Tec Systems Ltd: Orad continues to grow in the broadcast on-air graphics market with a new order worth US$1.3M

(PresseBox) (Kfar-Saba, Israel, ) Orad Hi-Tec Systems Limited (Symbol: OHT) announces that it has signed a new contract worth US$1.3M for the sale of its broadcasting graphics solutions from a major customer in Africa. The customer will deploy Orad's solutions across the station’s different facilities and will standardise its graphics production using Orad's platform. The system will be deployed during H1/2008.

As part of the agreement, Orad will equip the station with multiple Maestro HD/SD 3D character generator stations empowered by Orad's HDVG HD/SD video rendering platform. The sale also includes Orad's 3DWeather prediction system and its advanced real-time 3D financial graphics solution.

Mr. Avi Sharir, President and CEO of Orad commented: 'This sale further demonstrates Orad's increasingly strong presence in the broadcasting graphics market. We have experienced significant growth in our graphics business during 2007 and are expecting to continue this growth in 2008.'

ORAD Hi Tec Systems GmbH

Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the real time 3D graphic market. Orad’s product line includes virtual sets, on-air graphics systems, channel branding, virtual advertising, sports production solutions and hardware for the Virtual Reality industry. Orad is a publicly traded company in the Prime Standard on Frankfurt’s Wertpapierbörse Prime Standard and AIM Market of the London Stock Exchange (symbol: OHT)