CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Dec. 12, 2005--Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, today announced its estimates of the size of the market for its Cockpit Door Surveillance Systems (CDSS) for affected Mexican-based aircraft, as specified by the Mexico's Direccion General De Aeronautica Civil (DGAC).
According to the DGAC's Finalizar El Cumplimiento Norma 13.2, all passenger aircraft with more than 30 seats must have CDSS systems installed within a 90 day period beginning Februrary 1, 2006. The mandate also estimates that the total installed cost for each CDSS system is $22,000. "Based on world aircraft statistics and the list of affected Mexican airlines, we estimate that there are 291 aircraft registered in Mexico that are subject to the mandate. This produces a market size of $6.4 million," said Ricky Frick, President of Global ePoint's aviation division, AirWorks.
AirWorks is the only CDSS vendor to have been validated by the DGAC.
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
Kevin Theiss, 212-732-4300