CITY OF INDUSTRY, Calif. - (BUSINESS WIRE) - March 9, 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 its AirWorks Aviation Division Global AirWorks, has received additional orders for thirteen of its Cockpit Door Surveillance System (CDSS) kits from Lufthansa Cityline, part of the Lufthansa Group and Europe’s most widely-traveled regional airline. Beginning in June, 2006, Cityline will receive deliveries of an additional 12 new CRJ 900's, which will be outfitted with the CDSS kit. As part of the Lufthansa Regional concept, the airline flies more than 6.8 million people annually on its current fleet of 81 short and medium-range jets. All are equipped with the CDSS. The CDSS is already installed on over 800 aircraft flying worldwide on major international airlines and domestic carriers.
"We are extremely pleased to see that as Cityline continues to add new aircraft to its fleet, that they have included the AirWorks CDSS in their buyer furnished equipment to be installed during factory delivery," stated Ricky Frick, President of AirWorks.
AirWorks holds FAA supplemental type certificates for CDSS on all current Bombardier CRJ family of Regional Jets with the CRJ 900 being the latest model type release. In the Federal Aviation Administration’s recent release for 2006 of industry calculations and projections, the regional jet family of aircraft is stated to be growing in vast numbers and anticipated to be the fastest selling passenger jet model. Regional jet operators continue to augment the spoke and hub concept of the major U.S. airports and sales of this family of aircraft or growing in large numbers across Europe and Asia.
"The orders reflect the growing trend from airline operators of all types that are increasingly seeking to integrate our CDSS in their operations," continued Mr. Frick. "This has resulted in increasing orders from aircraft leasing companies and larger modification centers as aircraft transition between airlines with recent orders from GECAS, ILFC, and AMS. These orders were for 3 A320’s and 1 A330 CDSS kits. In addition to our CDSS orders, we are seeing more requests for interior modifications, such as for interior cable harnesses and wire assemblies for delivery this month by a leading U.S. carrier."
The CDSS provides up to 16 cameras within the cabin and cargo area of the aircraft. One camera is mounted just outside of the cockpit door, with two cameras in the forward galley and passenger loading area directly outside of the cockpit. Cockpit components are 2 LCD screens one located on each pilots position within the cockpit.
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 the Company gains traction in surveillance markets and whether its markets will become growth catalysts for Global ePoint. 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, but are not limited to Global ePoint’s success in capturing market share in these markets. For a discussion of these and other factors that 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.
Global ePoint, Inc.
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