MIAMI LAKES, Fla., May 24, 2004 (PRIMEZONE) -- Calypso Wireless, Inc. (Pink Sheets:CLYW) is in negotiations with one of the major Internet Service Provider companies. The negotiations are based on the license of the ASNAP(tm) technology and distribution of Calypso's cellular phone for which Calypso recently was granted US Patent No. 6,680,923.
The patent owned by Calypso will have major implications on the way mobile carriers and ISPs, like Bell South (NYSE: BLS), Time Warner (NYSE: TWX) and Verizon (NYSE: VZ) can now offer new services to their customers. The technology will allow the mobile carriers to start deploying other revenue-producing services, such as real-time video conferencing, emergency alerts and entertainment like: music, movies, and gaming. With Wi-Fi and Calypso's technology embedded in mobile devices, mobile carries can finally start deploying these services.
"The technology enables mobile carriers such as AT&T Wireless (NYSE: AWE) and Sprint (NYSE: FON) to increase the cellular capacity and improve the quality of service by offloading the mobile users to the WLAN (Wireless Local Area Networks) such as 802.11x (Wi-Fi) while providing new services and increasing their revenue. The mobile carrier will then be able to substantially increase their user base and offer higher bandwidth services without having to purchase additional licensed radio frequency spectrum. In other words, global connectivity of voice, video and data will be done through the most efficient connection point, at a lower cost to both the mobile carrier and the consumer," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless, Inc.
About Calypso Wireless, Inc.
Calypso Wireless is the company behind the revolutionary ASNAP(tm) technology for which Calypso recently was granted US Patent No. 6,680,923 titled "Communication system method" (http://www.uspto.gov search U.S. patent number 6,680,923 ), Calypso's technology enables cell phones and other mobile devices to automatically detect an available wireless local area network and then seamlessly switch between the signals from a GSM/GPRS or CDMA cellular tower to a short range broadband network such as cable with Wi-Fi. The wireless customer remains connected to the GSM/GPRS or CDMA network until his cell phone automatically detects and switches to a Wi-Fi network. At that point, the cell phone seamlessly switches to that network and is now able to connect at a speed of up to 11,000 Kbps (11Mbps) enabling movie-quality, real-time video conferencing via Calypso's cellular phones, or any cell phones powered with Calypso's technology.
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.