CITY OF INDUSTRY, Calif. — (BUSINESS WIRE) — Feb. 2, 2006 — Global ePoint, Inc. (NASDAQ: GEPT – News), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, announced today that it has received additional orders for Cockpit Door Surveillance Systems (CDSS) from City Line, the largest regional jet operator in Germany, First Choice Airlines of Manchester England, and Aircraft Management Solutions of the United Kingdom a Maintenance and Engineering Provider. The CDSS is already installed on over 800 aircraft flying worldwide on major international airlines and domestic carriers. AirWorks also holds Supplemental Type Certificates for each Airbus and Boeing Model aircraft flying within the United States from the Federal Aviation Administration.
The new orders were placed for installation and use in new aircraft deliveries scheduled for this year. City Line will be taking delivery of 12 new CRJ–900 from Bombardier and will install the CDSS on the aircraft. City Line currently has the AirWorks CDSS system installed on their BAE RJ–85’s, Bombardier CRJ 100’s, 200’s, and 700’s. First Choice, which operates A320’s, 757’s, and 767’s currently with the AirWorks CDSS will add 2 additional 767’s installations, 1 757, and 1 A320. Aircraft Management Solutions has ordered a A330 CDSS kit and AirWorks will deploy an installation team to deploy the systems. Previously, AirWorks also provided installation teams to City Line. It will be determined at a later date if the systems will be installed at the factory or by AirWorks personnel in Germany.
The airline industry continues to rebound as evidenced by passenger enplanements and increases in capacity in many parts of the world. Recently the Air Transport Association listed a 5.2 percent increase in international travel. With this increase driving new aircraft orders, demand for the CDSS is expected to increase. Recently, Mexico's Direccion General De Aeronautica Civil (DGAC) enacted legislation requiring all passenger aircraft with more than 30 seats have CDSS systems installed within a 90 day period beginning Februrary 1, 2006. Global AirWorks is the only approved vendor. The FAA in the United States is also considering similar legislation.
"Growing security concerns, along with positive legislative guidance and a rebound in new aircraft purchases continue to drive record demand for our CDSS," said Ricky Frick, President of the AirWorks division. "As the recognized leader in providing video surveillance systems for aircraft, we are ideally positioned to capitalize on these trends."
AirWorks provides CDSS system for all model aircraft from Airbus, the regional jet family of Bombardier, British Aerospace, and all models of the Boeing Family of aircraft with the exception of the 727 and 717, fully certificated by the FAA under Supplemental Type Certificate.
About Global ePoint, Inc.
Global ePoint designs, manufactures, sells and distributes digital video surveillance systems for the law enforcement, military, aviation and homeland security markets. On the cutting edge of digital technology, 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. 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 www.globalepoint.com
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, whether Global ePoint's stock price will attain the Red Chip price targets during the time frames specified, or at all. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include general stock market conditions, risks related to the integration of the Company's recently acquired operations; market acceptance of the Company's products; delays in the introduction of new products; production and/or quality control problems; further approvals of regulatory authorities and the denial, suspension or revocation of certifications and licenses by governmental authorities; and the Company's ability to obtain capital as and when needed. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual report on Form 10-KSB and quarterly reports on Form 10-QSB, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
CEOcast, Inc. for Global ePoint