20th Mar 2006 08:00
Orad Hi-Tec Systems20 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 toseveral hundred thousand US Dollars with TV Globo of Brazil, to provide Orad'sMaestro real-time 3D graphics system to TV Globo's As part of the agreement, Orad will supply to TV Globo's main studios, at SaoPaulo and Rio de Janeiro, multiple Maestro stations coupled with Orad's Newsproducer plug-ins, that will interface with Avid's iNews newsroom system. TheMaestro News producer plug-in allows journalists, editors and operators toattach real time graphic elements to their articles, while working on the AvidiNews environment. Additionally, Orad will revamp TV Globo's graphics creation,by delivering its latest version of 3Designer, Orad's award-winning authoringsoftware, as well as dedicated plug-ins such as text effects and line graphs.Furthermore, in order to enhance its production facilities in San Paulo, TVGlobo has purchased Orad's virtual studio, which is based on its state of theart 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 affiliatestations 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 theadvantages of our Maestro solution for news operations. TV Globo is recognisedas one of the largest and most respected broadcasters in the world. Since addingMaestro to our product portfolio, we are experiencing increased demand for ournewsroom graphics solutions, assisting us to strengthen our position in thismarket segment." About ORAD Founded in 1993, Orad is a world leader in TV production technology and israpidly enhancing its position in the Virtual Reality industry. Orad's lines ofproducts include virtual sets, on-air graphics systems, virtual advertising,sports production solutions and hardware for the Virtual Reality industry. Oradhas received extensive worldwide recognition for its systems at a wide-range ofevents including the 1999/2000 Emmy Award for the 'Implementation of Real TimeVirtual Imaging for Live Events on Television'. Orad is a publicly tradedcompany in the Prime Standard on Frankfurt's Wertpapierborse Prime Standard andAIM Market of the London Stock Exchange (symbol: OHT). More information aboutOrad: www.orad.tv For further information contact:ORAD Hi-Tec Systems Ltd Ehud Ben- Yair 972 9 7676 862 CFO & VP Finance [email protected] 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 ExchangeRelated Shares:
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