Calypso Wireless Acquires Equity Interest in RV Tec to Ignite Faster Time to Market of Its Dual Mode WiFi-GSM-GPRS VoIP Smart Cellular Phone.
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. -- 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. (Pink Sheets:CLYW), a leader in advanced wireless telecommunications technology announced today that it has acquired an equity interest in RV Technology Limited, Hong Kong ("RV Tec") with an option to buy the company. RV Tec is at the forefront of development and design of wireless handheld devices ranging from smart phones and wireless PDA/Pocket PCs for the consumer market to special purpose wireless data terminals designed for the enterprise and vertical markets. The investment in RV Tec was done by Calypso to expedite the production and delivery to market of the Calypso' ASNAP ASNAP Automatic Switching of Network Access Points (CalypsoWireless Inc.) (TM) patented technology on the C1250i WiFi-GSM-GPRS VoIP smart cellular phone. The Calypso's C1250i that runs on Intel (NASDAQ NASDAQ
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"We believe with Calypso's newly affiliated company RV Tech, Calypso will deliver faster time-to-market to the mobile carriers (Mobile Operators) new design and features on the Calypso cellular phone incorporating the Calypso' ASNAP(TM) patented technology (U.S. Patent # 6,680,923 B1)," says Michael Pizzi, Executive Vice President and General Counsel of Calypso Wireless Inc.
"We see the affiliation with Calypso Wireless as a positive development that will help take our technologies to a broader customer base in a faster manner. RV Tec is committed to provide Calypso with the necessary resources and technical expertise to take Calypso's C1250i mobile phone to a successful commercial launch," says Monsess Leung, Chief Architect Officer of RV Tec.
"With the Calypso ASNAP(TM) patented technology, mobile carriers could save money in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks and IP networks while increasing their revenues by offering new services and features on the Calypso WiFi-GSM-GPRS VoIP cellular phone," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.
"Calypso's patented Automatic Switching of Network Access Points ASNAP(TM) technology represents the convergence of cellular and Wi-Fi, thereby enabling any mobile device such as the Calypso C1250i WiFi-GSM to switch seamlessly between the cellular network and wireless IP networks through Wireless Local Area Network (WLAN See wireless LAN.
WLAN - wireless local area network ) with Wi-Fi," further adds Sarrazin.
About RV Technology Limited
RV Technology Limited is a wireless specialist focusing on the design and development of wireless handheld devices ranging from smart phones to wireless PDA/Pocket PCs. The Company offers designs services as well as total ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. solutions to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers who will typically market the RV Tec's designed products under their respective brand names. RV Tec is a leader particularly in the development of WiFi enables smart handsets that run on Microsoft(C) Operating Systems, offering fixed and mobile end users the convenience of having full broadband access through WiFi networks. For more information about RV Tec and its products and services, please visit the company's Web site: www.rvtec.com.
About Calypso Wireless, Inc
Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. , WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).
Calypso's patented ASNAP(TM) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or 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 with Wi-Fi, accelerating wireless broadband deployment, thereby creating a platform for revenue sharing revenue sharing
Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to Mobile Carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso' cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP (1) See in-system programmable.
(2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as XM Satellite Radio and Sirius Satellite Radio
Calypso Wireless is a publicly traded company publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. headquartered in Miami Lakes, FL. Its common stock trades 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. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.
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