Global ePoint Estimates Size of Mexican Airline Market for Cockpit Door Surveillance Systems Is $6.4 Million; GEPT's AirWorks Division the Only Validated Supplier.CITY OF INDUSTRY, Calif. -- Global ePoint, Inc. (Nasdaq: GEPT GEPT General English Proficiency Test GEPT Global ePoint, Inc. (stock symbol) - News), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, today announced its estimates of the size of the market for its Cockpit Door Surveillance Systems (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) ) for affected Mexican-based aircraft, as specified by the Mexico's Direccion General De Aeronautica Civil (DGAC DGAC Direction générale de l’Aviation civile (France) DGAC Dirección General de Aeronáutica Civil (México; Direction General of Civil Aeronautics) DGAC Dirección General de Aviación Civil ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the DGAC's Finalizar El Cumplimiento Norma 13.2, all passenger aircraft with more than 30 seats must have CDSS systems installed within a 90 day period beginning Februrary 1, 2006. The mandate also estimates that the total installed cost for each CDSS system is $22,000. "Based on world aircraft statistics and the list of affected Mexican airlines, we estimate that there are 291 aircraft registered in Mexico that are subject to the mandate. This produces a market size of $6.4 million," said Ricky Frick, President of Global ePoint's aviation division, AirWorks. AirWorks is the only CDSS vendor to have been validated by the DGAC. About Global ePoint Global ePoint designs, manufactures, sells and distributes digital video surveillance systems for the law enforcement, military, aviation and 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 markets. On the cutting edge of digital technology, 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. The Company also manufactures customized computing computing - computer systems for industrial, business and consumer markets, as well as other specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. 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 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. Such statements include, but are not limited to, whether Global ePoint's CDSS system will attain $6.4 million in sales in the Mexican market. 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, changes in criteria defining which aircraft are subject to the DGAC's mandate. For a discussion of these and other factors that 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-QSB, 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion