20,000 KB Per Second Guaranteed Wireless Internet Access Now Possible with Calypso Wireless' New Wi-Fi Access Points.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption To download high-resolution, print-ready JPEG images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Photo Editors/Business Editors NOTE TO MEDIA: Multimedia assets available MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. LAKES, Fla.--(BUSINESS WIRE)--May 14, 2003 New Technology Enables Real-Time Videoconferencing via Cell Phone Calypso Calypso, in Greek mythology Calypso (kəlĭp`sō), nymph, daughter of Atlas, in Homer's Odyssey. She lived on the island of Ogygia and there entertained Odysseus for seven years. Wireless Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLYW), the premier broadband wireless device and technology manufacturer that is making the cellular real-time video phones of the future today, announced today that it will launch its 2nd generation Wi-Fi access points in the fourth quarter of 2003. New access points come with a revolutionary and patented technology that enables wireless Internet access at guaranteed speeds of 20,000 KB per second (20 MBPS) over the universally deployed twisted pair copper wiring, making current wire-based DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary and Cable modem Internet connections antiquated and almost obsolete. Calypso Wireless C1250i video cell phone is the first and only mobile phone capable of using Wi-Fi to connect users to the Internet at blazing broadband speeds of 11,000KB per second, enabling movie-quality, real-time video conferencing. The company recently signed a $500 million deal with China Telecom (NYSE NYSE See: New York Stock Exchange : CHA) and is in negotiations with several U.S. based wireless communications companies. "This technology is revolutionary. It permits large bandwidth signals such as full-motion color video and high-speed data to be delivered through a broadband analog signal. Once the technology is deployed by the carriers, the only thing you need to do is attach our access point to your existing phone line, and you will immediately be able to enjoy 20MB per second Internet access on your wireless device, such as a laptop computer equipped with Calypso's PCMCIA (Personal Computer Memory Card International Association, San Jose, CA, www.pcmcia.org) An international standards body and trade association that was founded in 1989 to establish a standard for connecting peripherals to portable computers. PCMCIA created the PC Card. See PC Card. network card or our state-of-art video cell phone," says Xavier Sarria, Vice President of Sales for Calypso Wireless, Inc. Calypso Wireless believes this is great news for the U.S. wireless carriers, such as Nextel (Nasdaq:NXTL) and Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. (NYSE:PCS). "Wireless carriers can now provide wireless solutions that are 200 times faster than their existing solutions, and up to 200 times faster than existing wire-based DSL and cable modem connections. If you could surf the net To browse the Internet. The most common Internet browsing today is done on the Web. Before the Web, the Internet was "surfed" via Archie, Gopher, WAIS and other search facilities. See surfing and how to access the Internet. at 20MB per second, completely wireless and do real-time video conferencing through your C1250i cell phone, why would you possibly want to continue to use traditional Internet connections?" asks Sarria. However, instead of competing with local phone companies, Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. or cable companies, Calypso Wireless is teaming up with them. The company's access points works on other service providers' existing infrastructure. "Instead of promoting DSL services, Earthlink (Nasdaq:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ) and America Online (NYSE:AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) could market our private label Wi-Fi access points to their customers, increasing revenues and optimizing customer satisfaction. The same applies to local phone and cable companies as well," Sarria states. This is not just a futuristic vision. The technology that enables the broadband delivery through a traditional copper phone line has already been successfully deployed by the U.S. military. This is Calypso's first commercial application for the technology. The company's C1250i video cell phones should go into mass production later this year to satisfy the initial order from China Telecom. Calypso is also in various stages of negotiations with major wireless carriers around the world. Since the company's phones are able to seamlessly switch between traditional cellular networks and access points, wireless carriers will be able to provide value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. high-speed services at a price premium without any major infrastructure investments. Calypso Wireless believes it is 2 to 5 years ahead of its competition. "Virtually every telephone company in the world utilizes copper wiring. What if phone companies in countries that have been technologically left behind, could start providing their customers high-speed Internet access, making video-on-demand, high-speed Internet access, distance learning, telemedicine and video conferencing available to everyone?" envisions Sarria. Calypso startled star·tle v. star·tled, star·tling, star·tles v.tr. 1. To cause to make a quick involuntary movement or start. 2. To alarm, frighten, or surprise suddenly. See Synonyms at frighten. the telecommunications world in February when it announced that it had signed a $500 million contract to deliver mobile phones and network systems to China Telecom. China Telecom's customers will actually be able to utilize a new set of high value-added services such as two-way real time videoconferencing at the speed of 30 frames per second or wireless Internet access up to 200 times faster than cable broadband users have been accustomed to in the U.S. Last week, Calypso Wireless announced that it intends to file an application to become listed on the Nasdaq Market by the end of 2003. An SEC certified auditing firm is currently in the process of auditing the company's financial statements. Upon completion, Calypso plans to immediately start the process leading to an application to become listed on the Nasdaq Market. The company is currently trading over-the-counter under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CLYW. About Calypso Wireless Calypso Wireless is the company behind the world's only mobile real-time video phone capable of seamlessly switching back and forth between the cellular networks and the new Wi-Fi networks. Calypso's sleek new C1250i cellular video phone is the first and only mobile phone capable of using Wi-Fi to connect users to the Internet at blazing broadband speeds of 11,000 KB per second, enabling movie-quality, real-time video conferencing. This speed is up to 200 times faster than connection speeds currently available from some U.S. wireless carriers. Last year the number of cellular phones sold worldwide exceed 400 million units. In the United States alone, approximately 90 million cellular phones were sold. Wi-Fi is expected to be one of the hottest growth areas in the technology sector and in the telecommunications industry over the next few years. The number of cellular phones, PDAs and laptops equipped for Wi-Fi is increasing rapidly as well. The number of wireless network hardware units in the U.S. has grown from less that one million units in 2001 to approximately eight million units in 2002 and is expected to reach over 60 million units in 2005 (In-Stat MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ). The number of Wi-Fi hot spots hot spots acute moist dermatitis. (points where users can connect to the Internet without wires) is exploding. Many companies are creating them to attract tech savvy consumers to their facilities. For example, Starbucks already has 2,000 hot spots and McDonalds should have 300 by the end of the year. When Calypso video phone users enter one of these establishments, they will have access to the Internet via these Wi-Fi hot spots. The number of commercial hot spots will jump from an estimated 9,700 this year to nearly 50,000 by 2006 (IDC). The number of users actually paying to access this growing number of hot spots is expected to grow to 5.5 million by 2006 (Allied Business Intelligence). Last week Verizon announced the company will deploy Wi-Fi with its payphones in a plan similar to the one launched by Bell Canada (NYSE: BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. ) Calypso Wireless currently has the only real-time video mobile phone in the world that is capable of seamlessly switching back and forth between the cellular network and the new Wi-Fi networks. Calypso's sleek new C1250i video phone is the first and only mobile phone capable of using Wi-Fi to connect users to the Internet at blazing broadband speeds of 11,000 KB per second, enabling movie-quality, real-time video conferencing. Calypso Wireless Inc. is headquartered in Miami Lakes, Florida Miami Lakes is an incorporated town and former census-designated place in Miami-Dade County, Florida, United States. The population was 22,676 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 22,688. . For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com. This release is intended as a forward-looking statement 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs. Note: Photos available at URLs: http://www.businesswire.com/cgi-bin/photo.cgi?pw.051403/bb2 http://www.businesswire.com/cgi-bin/photo.cgi?pw.051403/bb2a |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion