Major Financial Institution Places Reorder for Global ePoint's Video Surveillance Systems

CITY OF INDUSTRY, Calif. -- Global ePoint, Inc., a leading manufacturer of security technologies for the aviation, military, law enforcement, industrial and commercial markets, announced today that a major financial institution has placed a reorder for its wholly-owned division's Perpetual Digital's video surveillance systems. Perpetual Digital is part of Global ePoint's Digital Technology division.

This order initiates the second phase of deployment for the Perpetual video surveillance system for this particular financial institution and it involves their check processing centers, a highly sensitive area of operations for them. The Perpetual Digital systems had to meet stringent government and corporate security specifications before being approved for the surveillance project.

"Our digital video recording system is ideal for financial institutions because it provides a robust application feature set with advanced search and alarm trigger capabilities, in addition to the dual-redundancy and large video storage capacity that is required in this market," commented Greg Edelman, VP of Business Development for the Perpetual Digital product line. "We have developed a solid relationship with this leading financial institution and this order further validates our products in the financial market."

The Perpetual Digital systems to be utilized by the check processing centers will be 16 channel digital video recorders (DVR) with dual-redundant capability and 5.4 TB (terabytes) of internal video storage capacity. This video security system is a custom solution that was developed to the customer's project specifications.

The Perpetual Digital product line provides dynamic video surveillance solutions to the electronic security market, which has been experiencing significant growth over the last decade. According to Security Sales & Integration and Security Systems News magazines, the CCTV segment of the overall electronic security market was $3.0 billion in the United States market for 2003. It is projected to reach $4.4 billion by 2008, an annual increase of 9.3%.