CITY OF INDUSTRY, Calif., March 24, 2008 (PRIME NEWSWIRE) -- Global ePoint, Inc. (Pink Sheets:GEPT), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, today announced its aviation division, Global AirWorks, has received a large order for its Cockpit Door Surveillance System (CDSS).
The order is for purchase of 175 CDSS kits to be used on a major European Airline in conformance with EUROCAE ED-123.
The European Organization for Civil Aviation Equipment (EUROCAE) made recommendations titled "Minimum Operational Performance Specification for Flight Deck Door Monitoring System" in 2005. Global AirWorks CDSS meets those operational performance specifications -- having been approved by the Federal Aviation Administration FAA -- and is the acknowledged industry leader, having installed over 800 CDSS systems worldwide.
In turn, each European Country is to set their own dates for applying the EUROCAE ED-123 specifications, with appropriate mandates for the installation of CDSS in their respective passenger airlines and aircraft. Thus, Global AirWorks is well positioned for future contracts as these foreign mandates continue to be implemented and applied.
"Considering these European mandates and the U.S. airlines ongoing commitment to passenger security," notes Daryl F. Gates, President and CEO Global ePoint, "the prospects for Global AirWorks are extremely encouraging."
In addition, the Global AirWorks Electronic Flight Bag (EFB) contract with Thai Airways is proceeding on Schedule. The third milestone Critical Design Review (CDR) has been completed and accepted, with appropriate payment made. The next milestone, First Article Inspection (FAI) is nearing completion, as well.
"Upon completion of this EFB contract," Gates concludes, "we believe Thai Airways will have the most advanced Electronic Flight Bag and Cockpit Surveillance System in the world."
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 manuals and records for pilots, In Flight Entertainment products and Laptop Computer Power System for passengers and flight crews. AirWorks customers include airline major OEMs, such as AT&T Aviation, BAE Systems, 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. For more information, visit www.airworksinc.com .
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, the Company's plans to (i) introduce cost cutting initiatives, (ii) conduct structural changes in its Global AirWorks Aviation division, (iii) conduct significant changes in the Company's executive management team, and (iv) obtain economic benefits from the aforementioned actions. Such forward-looking 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, (v) whether and when government mandates are implemented and individual decisions on the part of the world's airlines to install CDSS systems, (vi) whether significant cost savings will result from the planned strategic initiatives and other changes and whether those cost savings will accelerate Global ePoint's progress toward profitability, and (vii) the Company's ability to obtain additional working capital as and when needed. 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.