CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Aug. 23, 2005-- Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, industrial and commercial markets, today announced its AirWorks Aviation Division has entered into a formal cooperation agreement with Lufthansa Systems FlightNav, Inc., a division of Lufthansa Airlines, to market, sell and provide the Class 2 Bundled Electronic Flight Bag ("EFB") to commercial airlines and government and/or military customers.
Lufthansa Systems and AirWorks will market, sell and provide the Class 2 bundled Electronic Flight Bag solution both jointly and independently -- with each having equal lead roles in marketing and selling the bundled EFB as one of its offerings. A team of Lufthansa Systems and AirWorks personnel will also jointly pursue sales opportunities with mutually selected customers.
Lufthansa Systems’ EFB software applications and associated data -- combined with AirWorks integrated Electronic Flight Bag hardware -- is already being presented to airlines seeking solutions for cost effective measures for paperless cockpits. Each pound of weight removed from a commercial aircraft represents 4,400 pounds of fuel burn savings annually and the ability for airline pilots to utilize integrated solutions in the operation of the aircraft -- through digitalized manuals, performance data, weight and balance and cockpit resource management techniques -- provides immediate cost savings to commercial airlines, cargo carriers and corporate operators world wide.
With the AirWorks Electronic Flight Bag, Digital Video Recording and Cockpit Door Surveillance System (CDSS) integrated into a common data base and server, participating airlines have an effective risk management tool and generate immediate cost savings as well.
"This agreement with Lufthansa Systems validates the leadership role of AirWorks in the rapidly expanding Electronic Flight Bag marketplace. Lufthansa Systems and their customer base of more than 110 commercial airlines, in addition to our increasing CDSS customer list, represents another huge opportunity for AirWorks," states Ricky Frick, President of AirWorks.
About Lufthansa Systems FlightNav Inc.
Lufthansa Systems FlightNav Inc., based in Glattburg, Switzerland, is engaged in the business of providing flight information services and products to commercial customers worldwide and has developed and owns certain electronic flight bag ("EFB") software applications and associated data for use in the operation of aircraft. As the first service provider in airline flight support, Lufthansa Systems has now received EASA’s Letter of Acceptance. This certification enables more than 110 airlines, currently customers of Lufthansa Systems' Lido FMS database, to apply for use of the new precision area navigation (P-RNAV) procedures at their aviation authority. These precision approach and departure procedures represent a major innovation in flight navigation and will be permitted from October 2005, provided they are based on certified navigation data as is the case with Lufthansa Systems.
About Global ePoint’s Aviation Division
The Company’s Aviation Division includes 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 OEMs, 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 Global ePoint, Inc.
Global ePoint’s growth catalyst, through its wholly-owned subsidiaries, is the design, manufacturing, sales 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. 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. This release may contain forward-looking statements. 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, 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-Q, 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.
John Price, 909-869-1688 Ext.307
CEOcast, Inc. for Global ePoint
Ed Lewis, 212-732-4300