Press release
Avi Engel joins Orad’s Board of Directors
Kfar-Saba, Israel, 26 February 2015. 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 the appointment of Mr. Avi Engel to its board of directors.“We are very pleased to announce that Mr. Avi Engel will be joining our board of directors. Mr. Engel brings over 16 years in the media industry and has vast experience in public companies. Orad will benefit from his years of experience with the broadcast market and his substantial knowledge of the industry’s trends and customer requirements. We appreciate his willingness to join our board and look forward to benefitting from his counsel and experience; “Avi Sharir, CEO and President of Orad.
As CEO of Pilat Media, Mr. Engel led the company through initially demerging itself from Pilat Technologies International (its parent company at the time), double listing on AIM and the TASE, rounds of fund raising, two acquisitions and in the end – its sale to for approximately $100m. Prior to Pilat Media, Mr. Engel worked in Pilat Technologies International Group as the group’s CEO. Mr. Engel holds a B.Sc. in Industrial and Management Engineering from the Haifa Technion and an MBA from Tel Aviv University.
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
Edicto Investor Relations
Dr. Sönke Knop,
Eschersheimer Landstraße 42
60322 Frankfurt Germany
49 69 90550551
sknop@edicto.de
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