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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
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: INTC INTC Intel (NASDAQ symbol)
INTC Intercept
INTC Interrupt Controller
) PXA series application processor and Microsoft WinCE 5.0 (NASDAQ: MSFT MSFT Microsoft (stock symbol)
MSFT Movimento Sociale Fiamma Tricolore (Italy)
MSFT Multi-Stage Fitness Test
MSFT Master of Science in Family Therapy
MSFT Macalester Students for Fair Trade
) operating system is now available for demonstration.

"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
"SIRIUS" redirects here. For other uses, see Sirius (disambiguation).
Sirius Satellite Radio NASDAQ: SIRI is one of two satellite radio (SDARS) services operating in the United States and Canada, along with XM Satellite Radio.
 to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.

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.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement under 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:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act 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.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 15, 2005
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