Completes Initial Order with Autronics for Implementation into Air One of Italy |
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CITY OF INDUSTRY, Calif. – July 27, 2004 – Global ePoint, Inc. (Nasdaq: GEPT), today announced its AirWorks division has received FAA and European JAA (Joint Aviation Authorities) certification for Fire Detection and Fire Suppression kits and will immediately begin delivering kits to Air One airlines of Italy. The initial $257,400 order was placed through Autronics and is for 19 aircraft to be followed with a reorder for six additional aircraft. The requirement for Fire Detection and Fire Suppression is part of the Federal Aviation Administration (FAA) revision to standards for Cargo or Baggage compartments in Transport Category Airplanes. Section 121.314 required that after March 19, 2001 all class D compartments, regardless of volume, must meet the standards (of section 25.857 and 25.858) for a Class C compartment unless the operation is an all cargo operation and by December 31, 2002 all US carriers were required to meet this standard. Though the US has completed these modifications, the remainder of the world is now following these compliance standards, which applies to Boeing 737, 757 and 767s. Since the JAA has traditionally followed the compliance requirement of the FAA, it is anticipated that other regulators would also follow this requirement. Air One airlines, headquartered in Rome, Italy was founded in 1983 as Aliadriatica and adopted its current name in 1995. Air One's entire fleet is comprised of Boeing 737s, the most widely operated jet in the world today. AirWorks division President, Ricky Frick notes, "As a result of late entry into the US market, full concentration was given to the Joint Aviation Authorities (JAA) Requirement of Europe and to outfitting aircraft operated under the compliance of the JAA.” "While the United States has completed these modifications," Frick observes, "the remainder of the world is now following compliance standards. This is the initial order for AirWorks' Fire and Detection Suppression systems under European JAA certification, demonstrating our ability to develop products which address our customer's specific needs. We have begun our marketing efforts, in connection with Autronics, to potential customers in several countries and believe this contract will help pave the way for additional business." Global ePoint Chief Executive, Toresa Lou adds, "The new STC for Fire Detection and Fire Suppression will help win more new customers worldwide, such as Air One. With this success in the European market, we anticipate China is in the process of mandate. It once again demonstrates AirWorks ability to identify and answer specific customer needs by utilizing joint technologies to successfully open new vertical markets." |
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| 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 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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