lol,, then you got my email warning on the momo,, mace $ rolling into GEPT-READ:
Press Release Source: Global ePoint Inc.
Global ePoint AirWorks Division Receives Order from Air Macau for Cockpit Door Surveillance Systems
Wednesday May 5, 7:30 am ET
Expanding Sales to Worldwide Aviation Market
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--May 5, 2004--Global ePoint, Inc. (Company) (Nasdaq:GEPT - News) announced its AirWorks division received an order from Air Macau for cockpit door surveillance systems (CDSS) as part of its strategy to expand sales of surveillance and other security and communications equipment to the worldwide aviation market.
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The order allows Air Macau to outfit its fleet of Airbus aircraft and is scheduled for immediate delivery, installation in early June 2004, and includes training and on-site technical support. Air Macau is a commercial passenger carrier serving the Asian market and offering connections between China and the world's major cities.
Airbus is a consortium of European aircraft manufacturing companies and is the manufacturer of approximately half of the world's commercial aircraft seating more than 100 passengers. In 2003 more than 3,300 Airbus aircraft were operated by more than 190 airline companies worldwide.
Global Chief Executive Toresa Lou commented: "We are pleased with this new order from the Asian market and, overall, continuing growth in worldwide demand for AirWorks' CDSS. For example, CDSS installations are ongoing for Cityline, Germany's largest regional carrier, and installations for Dragon Air in Hong Kong, Lufthansa, and First Choice in the United Kingdom are scheduled this month. Installations of AirWorks' fire detection and suppression kits for AirOne in Italy are also scheduled in May.
"Furthermore, AirWorks is in a unique position to capture a larger share of Airbus' industry-leading business, since it holds Federal Aviation Administration (FAA) supplemental type certificates (STC) for every model of aircraft Airbus builds," Lou continued. "AirWorks also holds FAA CDSS parts manufacturing approval for all Airbus models, making AirWorks the only manufacturer and installer to hold such comprehensive FAA certification for all Airbus aircraft.
"From a larger perspective, AirWorks' established position in the aircraft industry and international contacts offer excellent opportunities for expanding sales in the worldwide aviation market," Lou added. "With the integration of Global ePoint's contract manufacturing and research and development capabilities, we intend to not only enhance current AirWorks products but also develop other communications and security products for our large base of global customers."
About Global ePoint's AirWorks Division:
The AirWorks division's primary communications and security products include cockpit door surveillance systems (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 CDSS have been installed on more than 500 aircraft, and the flight bag and fire detection and suppression enhancements and laptop power system are in initial sales. AirWorks customers include major aircraft manufacturers such as Airbus and Boeing; airline OEMs including AT&T Aviation, BAE Systems, Inflight 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:
Global ePoint is a provider of computers, computing solutions, and digital video, audio and data transmission and recording products. The Company's primary operations are through two divisions: contract manufacturing and digital technology. The contract manufacturing division manufactures customized computing systems for industrial, business, and consumer markets; and other specialized electronic products and systems. The digital technology division designs and markets digital video surveillance systems for law enforcement, military, homeland security, commercial, and industrial markets. Global's growth strategy includes developing new compression technologies and next-generation secure network digital video systems and servers for a wide range of new markets and applications. For more information go to 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, we have not to date realized any material sales or revenues from our digital video technology division and related operations and there can be no assurance that those operations will be able to achieve growth in the future. Installations may be delayed or canceled. Regulations may change and negatively affect demand for our products. 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.
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Contact:
Global ePoint Inc.
John Pan, 909-869-1688 x119
or
Silverman Heller Associates (Investors)
Dan Matsui/Gene Heller, 310-208-2550
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Source: Global ePoint Inc.
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