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Orad completed first phase delivery of its HorseTrack system to the Hong Kong Jockey Club.

Europe Intelligence Wire

| June 16, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hugin)

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Kfar Saba, Israel -June 16, 2005 - Orad Hi-Tec Systems Limited (Symbol: OHT), world leader in virtual sets, on-air graphics and sports production tools, announces today the acceptance by the Hong Kong Jockey Club of the main module of the HorseTrack system.

Horse Track is Orad's revolutionary system that allows for the first time, real time tracking during sports events. The first implementation of the project is with the …

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