Global ePoint to Acquire Leading Manufacturer of X-Ray Scanning Systems; Acquisition of Astrophysics, Inc. Will Expand Portfolio of State-of-the-Art Security Solutions.

Business Wire | June 3, 2005 | Copyright

CITY OF INDUSTRY, Calif. -- Global ePoint, (NASDAQ: GEPT), a leading manufacturer of security technologies for the aviation, military, law enforcement, industrial and commercial markets, announced today that it has entered into a non-binding letter of intent to acquire Astrophysics, Inc.(www.astrophysicsinc.com), a leading developer and manufacturer of x-ray scanning security systems. The deal will enable the company to enter the multi billion dollar X-ray security market. The acquisition is subject to customary closing conditions, including satisfactory financing and ...

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