Global Epoint's Airworks Unit Posts Repeat Product Orders from International Airline Customers as Fleets Expand; Company Also Selected to Provide Installation Services for Lufthansa, GermanWings, Air Macao and First Choice Airlines.CITY OF INDUSTRY, Calif. -- Global ePoint, Inc. (Nasdaq:GEPT GEPT General English Proficiency Test GEPT Global ePoint, Inc. (stock symbol) ), an innovator of homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States solutions in aviation, law enforcement and high-volume contract manufacturing, has announced new purchase orders to its existing base of commercial airline customers as they expand their passenger aircraft fleets. In addition, the Company announced an increasing number of orders to provide installation services of its next-generation AirWorks brand security and electronics products. Ricky Frick, President of Global ePoint's Aviation Division, made the announcement. Global ePoint's AirWorks unit is able to deploy installation teams worldwide, providing an important service that distinguishes it from other aircraft equipment vendors. Customers have the option of using AirWorks installation specialists for equipment upgrades, enabling the airlines' regular maintenance and service personnel to concentrate on their primary duties. "Our AirWorks business unit has gained a substantial presence as a major provider of advanced security equipment as well as cockpit and passenger seating electronics products, and we are demonstrating growing success with our installation services as well," said Mr. Frick. "Customers of our products are opting for our installation services in greater numbers because AirWorks can provide the highest quality of work. Additionally, the expertise of our installation teams and their experience with our products enables us to complete the installations under tight schedules to ensure that aircraft are returned to service without any interruption to the normal revenue portion of the day. In today's economy, airlines cannot easily afford to lose the services of their equipment or personnel for even a portion of a day's regular schedule, even to conduct these important equipment upgrades. These installation services are a growing source of revenue for AirWorks and Global ePoint's Aviation Division." Among AirWorks' newly announced sales agreements, German-based European carrier GermanWings has ordered products for a new Airbus A320 and has also exercised an option calling for AirWorks to install its Cockpit Door Surveillance System (CDSS CDSS California Department of Social Services CDSS Clinical Decision Support Systems CDSS Country Dance and Song Society CDSS Canadian Down Syndrome Society CDSS Community Day Secondary Schools (Malawi) ), an advanced security system, in its entire fleet. AirWorks will be deploying a team of specialists to Cologne and Stuttgart to perform these installations. Lufthansa Airlines has also recently exercised their option to order 33 Cabin Ready modifications for their A320 aircraft fleet. The Cabin Ready Modification is an optional growth feature for CDSS systems already installed in the Lufthansa aircraft. It enables flight attendants to communicate special alerts and passenger cabin conditions to the cockpit crew. Additionally, Lufthansa has placed orders for new CDSS systems for two Boeing 737-300 aircraft, and several Airbus models. Asian carrier Air Macao has expanded its fleet with an additional Airbus aircraft, and placed an order for immediate delivery of another AirWorks CDSS system. UK-based First Choice Airlines has selected AirWorks to perform a firmware A category of memory chips that hold their content without electrical power. Firmware includes flash, ROM, PROM, EPROM and EEPROM technologies. When holding program instructions, firmware can be thought of as "hard software." See flash memory, ROM, PROM, EPROM, EEPROM and FOTA. upgrade program for CDSS units on their fleet of 36 aircraft. 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 On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard. Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example: British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. , In-flight Phone, L3 Communications, and Rockwell Collins Rockwell Collins, Inc. (NYSE: COL) is a large United States-based international company headquartered in Cedar Rapids, Iowa, primarily providing aviation and information technology systems, solutions, and services to governmental agencies and aircraft manufacturers. ; all major U.S. airlines; and all major international carriers, including ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment , Air China, Bombardier, Finnair, Varig, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) , Lufthansa and Cathay Pacific Cathay Pacific Airways Limited (HKSE: 0293 ) is an airline based in Hong Kong, operating scheduled passenger and cargo services to over 104 destinations worldwide. It is the flag carrier of Hong Kong with its main base at the Hong Kong International Airport. [1]. . AirWorks holds more than 40 supplemental type certificates The Supplemental Type Certificate (STC) is the Federal Aviation Administration term for the approval that extends a type certificate for modifications made to an airframe, engine, or appliance. External links
STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club ) certifying AirWorks as a Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control (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. Cautionary Statement This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 subsidiaries and/or divisions 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. |
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