CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--July 11, 2005--Global ePoint, Inc. (Nasdaq: GEPT - News) a leading manufacturer of security technologies for the aviation, law enforcement, industrial and commercial markets, announced today that Thomas Cook Airlines UK, a worldwide charter vacation provider, has placed an order to expand its current Cockpit Door Surveillance System (CDSS) to include Digital Video Recording. Thomas Cook has been flying the AirWorks CDSS system since early 2003 on its fleet of seventeen 757's, six A320's and two A330's. AirWorks will begin installations of the system on the Thomas Cook A330 fleet during the summer.
The Thomas Cook installation will combine both Digital Video Recording and CDSS to provide the Risk Management features, expanding the originally installed devices to include cameras on the forward, aft and bulk cargo doors. As a result, all cargo loading and unloading will be recorded allowing the airline to pinpoint responsibility for damages to the airplane as well as damages and disappearance of cargoes.
“We have worked hard to expand the safety and security applications of the CDSS,” said Ricky Frick, AirWorks President. “As a result, the System is not only a surveillance, but a risk management tool. The ability to capture actual aircraft damage being committed or undesired activity in the loading and unloading of cargo is a key element in protecting both valuable equipment and passengers.”
Additionally, international carriers frequenting airports worldwide suffer damage to the cargo area frequently during the loading and unloading of passenger baggage and cargo. The ability to capture these events provides the airline the risk management tool to identify locations, personnel and companies causing damage to the airlines aircraft.
“We are beginning to generate growing momentum from our customer base, with many of our customers expanding their original applications for the CDSS,” said Frick. “Many airlines originally installed the basic system to meet regulatory compliance requirements in the initial phase, and are now taking advantage of the growth features of the system without the need to start certification requirements from scratch. We have one carrier moving forward with the digital video recording features while another carrier is currently demonstrating our new Electronic Flight Bag in their simulator. The broad array of applications possible for the CDSS differentiates us from our competitors.”
About Global ePoint’s Aviation Division
The Company's Aviation division contains Global AirWorks, whose primary communications and security products include the Cockpit Door Surveillance System (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 major OEM's, such as AT&T; Aviation, BAE Systems, In-flight 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 GlobalePoint, Inc.
Global ePoint, through its wholly-owned subsidiaries, is the designer, manufacturer and distribution of digital video surveillance systems for the law enforcement, military, aviation and homeland security markets. On the cutting edge of digital technology and seeking to expand its product line, 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. As a solid recurring revenue stream, 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. Global ePoint recently entered into an agreement to acquire privately-held Astrophysics, Inc. 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. 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.