CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Dec. 2, 2005--Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, announced today that a major US carrier has awarded its aviation division, Global AirWorks, initial orders for the immediate delivery of wire and cable harnesses for its fleet of Boeing 757 and 767 aircraft. The orders, exceeding $348,000, are the initial awards from an anticipated multi-million two year retrofit program.
"We are extremely gratified to be part of the recent growth in the modification sector requiring our manufacturing capability. Airworks’ FAA approved PMA manufacturing capability provides replacement components for original equipment and a variety of other supplemental type certificated systems. These systems include In-Flight Entertainment, In Seat Power, Audio, and standard seat to seat cabling," remarked Ricky Frick, President of Airworks.
"These important orders also reaffirm our decision to expand our new AirWorks Technical Operations & Modification Center in Tulsa, Oklahoma, an important aircraft service center that is strategically located along many of the major routes of travel of US airlines." added Frick. "Our new Tulsa location will serve as a showcase for attracting additional retrofit and modification contracts from other airlines in the future."
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 http://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 all of the world’s airlines will install CDSS systems. Such forward-looking 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, whether and when government mandates are implemented and individual decisions on the part of the world's airlines to install CDSS systems. 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.
Paul Goodson, 909-839-1719
CEOcast, Inc. for Global ePoint
Cormac Glynn, 212-732-4300