Press Release Source(snagged by p2k): Sleipner SA. & Calypso Wireless, Inc.
Calypso Wireless Successfully Completed Acquisition of Sleipner to Deliver Calypso Dual Mode WiFi-GSM-GPRS VoIP Smart Cellular Phones
Tuesday December 20, 1:41 am ET
MIAMI LAKES, Fla.--(BUSINESS WIRE)--Dec. 20, 2005--Calypso Wireless, Inc. (PINK SHEETS: CLYW - News), a leader in advanced wireless telecommunications technology announced today that Calypso Wireless Inc, has completed and closed the one hundred percent acquisition of Sleipner S.A., a Milan based company at the forefront of development and design of software for wireless handheld devices. Sleipner provides VoIP and IP solutions and applications for the enterprise and vertical markets. The Sleipner software enhances and helps implement the CALYPSO patented ASNAP(TM) technology (U.S. Patent #6,680,923) that allows the seamless switching between cell towers and various access points. The acquisition was made by Calypso to expedite the delivery to market of the Calypso' ASNAP(TM) patented technology on the C1250i WiFi-GSM-GPRS VoIP smart cellular phone. Calypso's C1250i, which runs on Intel (NASDAQ: INTC - News) PXA series application processor and Microsoft (NASDAQ: MSFT - News) WinCE 5.0 operating system, has already been successfully demonstrated in field trials.
"Today's closing on the Sleipner transaction demonstrated Calypso's commitment to expedite to market the C1250i dual mode cellular phone that has the ability to switch between cellular towers and WiFi access points. This cooperation will enable both companies to achieve top performance through complete integration of hardware, technology and processes," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.
"We are all excited to be a part of the Calypso family since Calypso is the leader in the WiFi cell phone switching technology," says Alessandro Valenti, Chief Technical Officer of Sleipner SA.
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, 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 with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing 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 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 Satellite Radio and Sirius 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 headquartered in Miami Lakes, FL. Its common stock trades under the ticker symbol CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at calypsowireless.com.
About Sleipner
Sleipner SA is a wholly owned subsidiary company of Calypso Wireless Inc. Sleipner builds advanced IP-based communication systems and software platforms enabling comprehensive network-telephony solutions and innovative data converged services for enterprise and consumer customers. Sleipner' VoIP and IP solutions and applications are designed on coMEDIA, the first complete family of SIP-based solutions offered to the market. Service providers and enterprises can build their own SIP applications to fit their unique voice needs. Compared to circuit-based deployments, VoIP implementations are completed faster and with fewer setbacks. For more information about Sleipner S.A. and its products and services, please visit the company's Web site at sleipner-sa.com
Safe Harbor Statement under the Private Securities Litigation Reform Act 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.
Contact:
Calypso Wireless Inc., Miami Lakes
Alice Arguello, 305-828-1483
info@calypsowireless.com
calypsowireless.com
or
Sleipner SA., Milan, Italy
Francesco Cafiero, 39-0286-7964
sleipner-sa.com
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Source: Sleipner SA. & Calypso Wireless, Inc. |
