NEW YORK, May 16, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine has just published an exclusive interview with Cristian C. Turrini, recently appointed President and Chief Executive Officer of Calypso Wireless Inc. (Pink Sheets:CLYW), in which Mr. Turrini updates the investment community on his company's technology and new corporate direction.
"The new talk of telecommunications is fixed/mobile convergence," he tells Wall Street Reporter senior analyst Matt Schilling. "The natural next step is seamless fixed/mobile convergence. Calypso is the only company that actually has a full solution for fixed/mobile convergence. In addition, we actually hold the patent for fixed/mobile convergence."
The 9-minute interview is now available at http://wallstreetreporter.com in streaming audio, MP3, and text format -- all free of charge.
Areas of especially-detailed discussion include:
-- Calypso's progress in expanding its intellectual property position by acquiring four (4) additional patents in the voice-to-text and text-to-voice application space.
-- His own recent selection as head of the company and his ongoing efforts to bring more senior staff, including a new Chief Financial Officer and a former Chief Technology Officer, aboard. "We've achieved something very, very significant," he says. "That was to restructure the management team."
-- The company's shift from an in-house equipment manufacturing model to a pure licensing approach, along with the prospect of deals emerging in the near term. "We're finalizing a deal with a company that will be handling all of our licensing," he tells Wall Street Reporter. "Hopefully, within the next 12 months, we're going to have a number of licensing deals with major companies."
-- Continued focus on the ASNAP (automatic switching of network access points) technology platform as a way to provide seamless crossover of voice, TV, and data across a wide range of devices. "They are patents related to voice-to-text and text-to-voice," Mr. Turrini says. "When they receive an email, within five seconds, the system is going to call them and it's going to read to them the email that they've just received. Then, they can answer that email: either by sending a voicemail or a text email, but they will just speak into the phone."
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About Calypso Wireless Inc.
Calypso Wireless Inc. (Calypso), formerly known as Kleer-Vu Industries, Inc. (Kleer-Vu) operates as a holding company with two subsidiaries: Industria de Telecomunicaciones Americanas ATEL S.A. (American Telecom Industries; ATEL S.A.) and Sleipner S.A. The Company is a result of a business combination between Kleer-Vu, a public shell company, and Calypso, a privately-held development-stage company. Its technology allows users to switch and connect from either a cellular network or a wireless local area network access point (WLAN), seamlessly without the user noticing the change. The use of automatic switching of network access points (ASNAP) also increases the amount of available wireless bandwidth from the current state of technology of 9.6 kilobits per second to 11 megabits per second. On October 4, 2005, Calypso acquired Sleipner S.A., a company engaged in wireless telecommunications technology.
Forward-Looking Statements
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