MIAMI LAKES, Fla., May 3, 2004 (PRIMEZONE) -- Calypso Wireless Inc. (Pink Sheets:CLYW), the premier broadband wireless device and technology manufacturer that is making the real-time video conferencing cellular phones, announced today that it has signed a field trial installation agreement with MobiFon, a mobile carrier partially owned by Vodafone (NYSE:VOD), a U.K. based global telecommunications company. Vodafone is the second largest mobile telecommunications network company in the world with over 130 million customers. It jointly owns the leading U.S. wireless company, Verizon Wireless along with Verizon Communications (NYSE:VZ).
According to the agreement between the two companies, MobiFon will conduct a field trial of Calypso Wireless' revolutionary ASNAP(tm) patented technology that enables mobile users to seamlessly switch back and forth between GSM/GPRS networks and Wi-Fi wireless local area networks (WLAN) utilizing the 802.11 standard. MobiFon customers using Calypso's ASNAP(tm) cellular phones will be able to access any Wi-Fi zones installed throughout Europe and access the Internet at broadband speeds of up to 11,000 Kbps per second (11Mbps) enabling movie-quality real-time video conferencing.
"This is a landmark agreement for Calypso Wireless. We expect contracts for the delivery of our products (such as Calypso cellular phones, WLAN Access Points and related hardware) and licensing of our ASNAP(tm) technology throughout Vodafone's worldwide network, upon the successful completion of the field trial. We are very excited since MobiFon and Vodafone have a roaming agreement with Cingular Wireless -- BellSouth (NYSE:BLS) and therefore our cellular phone will also work on the Cingular network," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless, Inc.
About Vodafone
Vodafone is the second largest mobile telecommunications network company in the world with equity interests in 26 countries and partner networks in an additional 13 countries. As of December 31, 2003, Vodafone had approximately 130.4 million customers on a proportionate basis.
Vodafone's ordinary shares are listed on the London Stock Exchange and the Frankfurt Stock Exchange and the Company's American Depositary Shares are listed on the New York Stock Exchange. For more information about Vodafone and its products and services, please visit the company's Web site at http://www.vodafone.com.
About Calypso Wireless
Calypso Wireless is the company behind the revolutionary ASNAP(tm) technology for which it was recently granted U.S. Patent #6,680,923 titled "Communication system and method", 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 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 http://www.calypsowireless.com.
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.