GLOBAL EPOINT COMPLETES $2.5 MILLION FINANCING



GLOBAL EPOINT MOBILE VIDEO SYSTEMS GIVE POLICE NEXT-GENERATION
SURVEILLANCE AND COMMUNICATION CAPABILITIES

 

 
 

  
NEW  LUFTHANSA LONG-RANGE JETS RECEIVE GLOBAL EPOINT/ AIRWORKS COCKPIT DOOR SURVEILLANCE SYSTEM

 

 
 

City of Industry, Calif. – June 9, 2004 – Global ePoint, Inc. (Nasdaq: GEPT) today announced its AirWorks division has received orders for additional state-of-the-art Cockpit Door Surveillance Systems to be installed in Lufthansa Airlines brand new fleet of ultra long-range Airbus A340-600 aircraft.

The AirWorks Cockpit Door Surveillance System (CDSS) allows pilots and crew members to view and assess an entire aircraft without leaving the secure cockpit environment. It provides full view of not just the area outside of the cockpit door, but the entire aircraft with touch-control LCD screens and up to 16 overt and covert cameras. And with constant and continual surveillance, the pilot and crew can quickly detect, assess and manage in-flight security, whether smoke in the cargo hold or an attendant’s call from the passenger cabin. Airwoks CDSS can also be upgraded to create an “electronic flight bag” that eliminates pilots having to carry operational manuals.

AirWorks President and CEO, Ricky Frick, states: “We’re proud that Lufthansa was our kick-off customer for the AirWorks CDSS. To date, we have installed over 600 CDSS systems for several Airlines, and the on-going satisfaction and continuing flow of orders for our CDSS is extremely encouraging. Airworks has full approval from the Federal Aviation Administration (FAA) for supplemental type certificates (STC) for all models of  Airbus-built aircraft and the majority of Boeing-built aircraft and regional jets. AirWorks’ CDSS also exceeds full performance and compliance requirements of all countries. At present, seven countries have mandated on-board surveillance for aircraft flying within their borders, and more are expected to follow suit.”

Through vertical integration, AirWorks and other Global ePoint divisions and companies combine next generation computing, digital video recording, wireless networks and down linking of data and images for today’s “paperless cockpit” – such as recording in-flight data that is also “time and date stamp” capable, providing airlines with a documented record in cases where legal and/or Homeland Defense issues arise. 

Global ePoint Chief Executive Toresa Lou adds, "AirWorks aviation business continues to support Global ePoint’s growth strategy converging secured network digital video technology with innovative application to implement dynamic end-to-end solutions for a broad range of vertical markets.”

 

   
  About Global ePoint's AirWorks Division
 

The AirWorks division's primary communications and security products include Cockpit Door Surveillance Systems (CDSS), a digital electronic "flight bag" of all flight and on-board manuals and records for pilots, and a laptop-computer power system for passengers and flight crews. AirWorks customers include airline OEMs including AT&T Aviation, BAE Systems, Inflight Phone, L3 Communications, and Rockwell Collins; all major U.S. airlines; and all major international carriers, including ATA, Air China, Bombardier, Finnair, Varig, KLM, Lufthansa, and Cathay Pacific. AirWorks holds more than 40 supplemental type certificates (STC) certifying AirWorks as a Federal Aviation Administration (FAA)-approved manufacturer and installer for a range of interior equipment and systems for a variety of commercial aircraft flying worldwide.

About Global ePoint
Global ePoint is a provider of computers, computing solutions and digital video, audio and data transmission and recording products. The Company's primary operations are through two divisions: Digital Technology and Contract Manufacturing. The Digital Technology division designs and markets digital video surveillance systems for law enforcement, military and homeland security markets. The Contract Manufacturing division manufacturers customized computing systems for industrial, business and consumer markets and other specialized electronic products and systems. Global ePoint's growth strategy includes developing new compression technologies and next-generation secure network digital video systems and servers for a wide range of new markets and applications. For more information go to 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 AirWorks division 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.

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