DGAP-Adhoc: Orad Hi-Tec Systems Ltd: Avid Technology enters into a definitive agreement to acquire Orad for EUR 5.67 per share

orad hi-tec systems investor relations

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In den letzten Monaten hatte die Neovacs S.A. einen positiven Newsflow. Im Vordergrund steht die Vertriebspartnerschaft fur den chinesischen Markt, wodurch sich bis nach dem ersten Vermarktungsjahr Gesamtertrage von bis zu 65 Mio. € ergeben konnen. As an Orad customer, we wanted to let you know about this first. We’re creating an awesome new place for our Orad customers to interact with Avid and other users. North American sports service provider will be providing multiple broadcasters and teams across the US with advanced sports enhancements based on Orad's Invictus sports platform. Orad's Invictus platform, the Sports Service Provider will be able to display informative and entertaining graphic overlays such as commentary, advertisement or sponsorship messages to the live broadcast in any sporting event. With Orad's PowerWall solution, the entire curved media wall with a resolution of nearly 8.8 million pixels is populated by a series of seven HD projectors. The graphics are displayed pixelization-free and without any jittering edges between sections. Using Orad's Maestro, NDR journalists populate graphics templates with texts, images and video clips and build rundowns in OpenMedia newsroom system. All workflows allow quick changes in the production rundowns at any time. Content can be changed and adapted anytime. US$4.7 million compared to US$4.3 million on Q1/2006 and compared to US$4.6 million in Q4/06. Net profit remained the same at the level of US$0.1 million In the first quarter of 2007 cash, cash equivalents and restricted cash increased to US$10.6 million. Cash Status 8,279 9,487 8,940 9,662 10,629 Gross Margin Gross margin for the first quarter of 2007 improved significantly to 68%, compared to 58% in the first quarter of 2006, mainly as a result of different sales mix and the increases in sales volume. Operational expenses: Operational expenses in Q1/07 increased to US$3.1 million compared to US$2.5 million. Belgium, Kfar Saba, Israel, 15 April 2009, Barco and Orad Hi-Tec Systems have announced a new solution providing real-time backdrop interaction on high-resolution video wall surfaces.