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7.07.2005 |
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Global ePoint’s Acquisition Candidate Astrophysics Receives Order From Chinese Customs Agency |
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Astrophysics Receives First Order from Customs Agency for Baggage Screening Systems |
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CITY OF INDUSTRY, Calif. — (BUSINESS WIRE) — July 7, 2005 — Global ePoint, Inc. (NASDAQ: GEPT – News), a leading manufacturer of security technologies for the aviation, law enforcement, industrial and commercial markets, today announced that Astrophysics, a leading developer and manufacturer of x–ray scanning security systems, had received an initial order from China’s Customs Agency for six XIS–100X Baggage Screening / Inspection systems to screen incoming cargo. The technologically advanced X–ray inspection systems are designed to be controlled remotely through a network and threat images transmitted to a remote server for viewing, storage and/or printouts. Global ePoint recently entered into a non–binding letter of intent to acquire Astrophysics. in a transaction scheduled to close in the third quarter.
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About Astrophysics Inc. | |||
Astrophysics delivers turnkey x–ray inspection systems to customers worldwide for use at airports, government buildings, customs, banks, courthouses, hospitals, prisons and many other locations. Astrophysics’ technology teams have developed leading proprietary products in baggage and cargo inspection. For more information please see www.astrophysicsinc.com. |
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About GlobalePoint, Inc. | |||
Global ePoint designs, manufactures and markets security products and systems for the aviation, military, law enforcement and industrial markets. Its contract manufacturing abilities not only provide a cost–advantage in the production of leading security technology products but also a steady stream of reliable revenue to help fund its expansion in to high growth, high technology markets related to security. Its vertical integration allows it to maintain superior operating efficiencies and to provide cost-advantaged products. For more information please see www.globalepoint.com
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