Check Point U-10 sitting at "Initializing Please wait..."

[Dshero]

I have a U-10 device that I am trying to reset. After powering it on, the display reads "Initializing Please wait..." and nothing is happening. I am not getting any readings from the console port. I've pressed the reset button but that does nothing. Is it dead? Or does it actually need to be connected to a network for anything to happen?