11th Apr 2006 07:00
Orad Hi-Tec Systems11 April 2006 Orad Hi-Tec Systems Limited ("Orad" or the "Company") Orad Hi-Tec Systems Limited (Symbol: OHT) has today announced a second agreementwith China's national broadcaster, China Central Television ("CCTV"), worthseveral hundred thousand US dollars. This agreement will allow CCTV'sInternational news channels to implement Orad's Maestro On Air Graphicssolution. The systems will be installed in CCTV's main broadcasting centre in Beijing andwill be fully integrated with the Sobey newsroom and automation system. Multiple3Designer Advance authoring software will be used for generating real time 3Dgraphics templates and animations. Using the Maestro Controller the graphictemplates will become available to CCTV's journalists allowing them the abilityto work collaboratively thereby sharing their stories across several studios.All of Orad's systems are powered by the world's most powerful Dual RenderedVideo Graphics platform, the DVG. By implementing this system, CCTVInternational will be the first user of Orad's new streaming technology. CCTV International comprises 3 channels: CCTV-9 (the 24-hour English languagechannel); CCTV-E&F (overseas channel targeted at Spanish speaking and Frenchspeaking audiences); and CCTV-4 (overseas Chinese Language channel). CCTVInternational reaches more than 80 percent of the total population of China,with regular viewership of over 500 million, which is the largest in the world. Avi Sharir, President and CEO of Orad, commented: "It is an honor to beassociated with CCTV. China is the fastest growing economy in the world and CCTVis the main information source for this region. This agreement coupled withOrad's earlier agreement for the Shanghai Media Group News Centre and more than15 other Regional News Broadcasters solidifies Orad's position as the preferredNews Graphics solution in the Chinese market" concluded Mr. Sharir. About ORAD Founded in 1993, Orad is a world leader in TV production technology and rapidlyincreasing 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 andAlternative Investment Market of the London Stock Exchange (symbol: OHT). www.orad.tv For further information contact: ORAD Hi-Tec Systems LtdEhud Ben Yair 972 9 7676 862C.F.O [email protected] Shore CapitalGraham Shore, London, UK 44 20 7408 4090 Haubrok Investor RelationsMichael 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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