Press release
Leading European broadcaster chooses Orad’s virtual studio and on air graphic systems for $850K USD
Press ReleaseSeptember 18, 2013
Leading European broadcaster chooses Orad’s virtual studio and on air graphic systems for $850K USD
September 18, 2013 - Orad Hi-Tec Systems Ltd. (Frankfurt - Prime Standard; Symbol: OHT), a global developer, marketer and distributor of graphic solutions for the broadcast market, announced today that a leading European broadcaster has chosen Orad to provide them with a virtual studio and on air graphics. The deal is valued at $850K USD.
Orad’s will be providing the European broadcaster with its ProSet virtual studio and Orad’s Maestro enterprise graphic solution integrated with their newsroom system.
“Orad continues to dominate the European market thanks to its superior real-time broadcast solutions. Orad’s solutions enable broadcasters to stand out amongst other broadcasters and increase their viewing audience, which is crucial in today’s competitive environment,” comments Avi Sharir, founder and CEO of Orad Hi-Tec Systems.
About Orad Hi-Tec Systems
Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast graphic, video server, and media asset management solutions including news, channel branding, sports production and enhancement, elections and special events, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience, and improve production value. Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT). More information is available at http://www.orad.tv/.
For further information contact:
Orad Hi-Tec Systems Ltd
Ilan Sidi, CFO
ilan@orad.tv
Investor Relations:
edicto GmbH
Dr. Soenke Knop, Frankfurt Germany
49 69 90550551
sknop@edicto.de
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