CITY OF INDUSTRY, Calif., Dec.17, 2004--Global ePoint, Inc. (Nasdaq:GEPT - News), an innovator in homeland security solutions in aviation, law enforcement and high-volume contract manufacturing, announced today that it has received a $2 million order to provide industrial computers to one of the world’s largest makers of airport X-ray security scanning machines for delivery starting in January 2005. The announcement was made by Toresa Lou, Chief Executive Officer of Global ePoint.
Global ePoint’s Contract Manufacturing Division, a leading producer of industrial computers for homeland security and other applications, will provide the computers for installation into conventional X-ray scanning equipment, used to scan luggage and cargo at airports. These computers are currently at the heart of X-ray security equipment used in airports around the world.
The current contract announcement follows a $4.8 million sale announced in May to provide similar computers for X-ray scanning equipment.
“We are delighted to announce this latest order to one of the aviation security industry’s largest manufacturers of X-ray scanning equipment,” said Ms. Lou. “The ability to produce computing equipment for the homeland security market, as well as the consumer computer markets, is a central part of our Contract Manufacturing division’s business strategy. The demand for more sophisticated and reliable surveillance capabilities in airports continues to grow, and Global ePoint is gratified to be an important provider of security technology for the domestic and international aviation industry, as well as other sectors.”
Global ePoint’s Aviation Division, which provides sophisticated and customizable cockpit video security surveillance equipment for passenger airlines, has recently announced a series of significant sales to major European and Asian carriers. The Company’s Digital Technology Division, providers of next-generation digital video security and surveillance technologies for commercial and law enforcement markets, has also been posting recent sales, including an advanced surveillance installation at a major worldwide financial institution.
About Global ePoint's Contract Manufacturing Division
Global ePoint’s Contract Manufacturing Division is a leading manufacturer of custom industrial and personal computers, digital video recorders, and is a contract manufacturer for industrial original equipment manufacturers. It is a leading provider of industrial computers for use in airport security X-Ray scanning equipment. The Contract Manufacturing Division has a well established history for providing quality manufacturing services, including design, engineering, project and component management, testing, and global logistics.
About Global ePoint, Inc.
Global ePoint's growth catalyst, through its wholly-owned subsidiaries, is the design, manufacturing, sales and distribution of digital video surveillance systems for the law enforcement, military, aviation and homeland security markets. On the cutting edge of digital technology and seeking to expand its product line, Global ePoint is developing new compression technologies and next-generation, secure network digital video systems and servers for a wide range of new markets, concentrating primarily on security and homeland defense applications. As a solid recurring revenue stream, the Company also manufactures customized computing systems for industrial, business and consumer markets, as well as other specialized electronic products and systems. Complete vertical integration -- from design and manufacturing to sales and distribution -- allows the Company to capture efficiencies and maintain cost advantages in these growing markets, particularly homeland security. For more information, please visit http://www.globalepoint.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the company's current expectations, estimates and projections, management's beliefs and numerous assumptions, all of which are subject to change. These forward-looking statements are not guarantees of future results and are subject to numerous risks and uncertainties. Our actual results could differ materially and adversely from those expressed in any forward-looking statement. For example, deliveries may be delayed or installations canceled. Regulations may change and negatively affect demand for our products. There can be no assurance that the company's subsidiaries and/or divisions will be able to achieve growth of sales or market share. The forward-looking statements in this release speak only as of the date of this release. We undertake no obligation to revise or update publicly any forward-looking statement for any reason. These and other risk factors are detailed in our periodic filings with the Securities and Exchange Commission.