Finally; I knew they would post something. This is good, really good. Smart to build a portfolio, receipe for a stronger company, thus more revenues:
Press Release Source: Calypso Wireless Inc.
Calypso Announces Acquisition of U.S. Patents that Convert Voice to Text and Text to Voice for Cellular Phones, PDA and Mobile Devices
Tuesday May 15, 2:17 pm ET
MIAMI--(BUSINESS WIRE)--Calypso Wireless, Inc. (Pink Sheets:CLYW - News) announced today that it has signed an agreement to acquire four United States Patents. The newly acquired patented technologies enable cellular phones and wireless PDA/Pocket PC to convert any incoming text messages to voice messages and any incoming voice messages into text messages. Calypso plans to license these four newly acquired patented technologies (US Patent Numbers: 6839412, 6765996, 6385306, 7031439) to mobile operators, Original Equipment Manufactures (cellular phones and wireless PDA/Pocket PC manufacturers) and Internet Service Providers.
"Seamless messaging is no longer a dream: it is increasingly a real need for users. By integrating these newly acquired patented technologies with Calypso ASNAP(TM) patented technology, any cellular or dual mode WiFi cellular phone will be able to convert any incoming text message into a voice message and, similarly, any incoming voice message into a text message," says Mr. Alessandro Valenti, Calypso VP of Research and Development.
"Subscribers that do not have a Smartphone or PDA phone can also use the speech to text technology. This could be an ideal solution for the emerging market," continues Valenti.
"We believe this is a major milestone for our company. We have been focusing on perfecting our own technology as well as developing new ones. The newly acquired technologies along with the existing patented technologies will allow us to expand our licensing model and start to aggressively pursue licensing agreements with established industry leaders and thereby create additional revenues," says Cristian Turrini, Calypso's President & Chief Executive Officer.
