Calypso Wireless (fka CLYW)

[tainaor]

The company is listed at the norwegian stock market. Ticker code is BIRD.

The company has three main products. Embedded database, this part i cash positive.

Hotspot/Wlan software this is cash positive within next quarter (2 quarter). Contracts here include Vodafone. Vodafone will install WLAN at all their offices around the world with Birdstep software. It is also expected that Vodafone will luach this solution directed at companies (with Birdstep). This sector has gained several contracts during the last year. In UK, US, Austria, South-Africa, Netherlands and Norway. Major income is expected from Vodafone in third quarter.

Mobile IP client. This secures seamless roaming between heterogen nets (Grps/gsm, edge, bluetooth, wifi and soon wimax and more) All comercial contracts in the last year. This part is expected to be cash positive in late 2004. Partners include: Capgemini, Pctel, Alice systems, Intel, Cisco, Hp, Alcatel, Gemplus, Nortel, Ericsson and more. Alcatel and Ericsson will be selling product with Birdstep Mobile IP client from third quarter. You can see the Alcatel press realese on www.alcatel.com . (a week old). The company has 15 million dollars in cash and is expected to be cash positive in second or third quarter of 2004. The company is valued at around 70 million dollars. The result tommorow is expected to show 1,5-2 million dollar in income and 0,5-1 million in loss. This is major improvement from last year when incom was less than 100 thousand dollars and the loss was 2 million dollars. The company has had a breakthrough this year, so their expected to tell about positive future for second half of 2004.

Vodafone agreement:
--------------------------------------------------------------------------------

BIRDSTEP HAS SIGNED A SOFTWARE LICENSE AGREEMENT WITH
VODAFONE.


With reference to the Oslo Stock Exchange filing of October
21st 2003, Vodafone has signed a software license agreement
with Birdstep Technology for use of the Birdstep IP Zone
Software.


The pilot at Vodafone`s Head Quarter in Newbury, UK, for
employees and guests, is deemed a success. The successful
pilot at the HQ, means that the solution is now ready for
deployment at all other Vodafone offices worldwide.


Birdstep Technology expects to get knowledge and
conformation on the roll out plan, by the end of Q2 2004.



Alcatel agreement:
Alcatel, Birdstep and Gemplus join forces to offer secure and seamless service continuity between mobile networks and WLAN

Paris, April 27, 2004 - Alcatel (Paris: CGEP.PA and NYSE:ALA), a worldwide leader in telecommunications network equipment, applications and services, Birdstep Technology, a global provider of Mobile IP software client technology and Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ: GEMP), the world's leading provider of smart card based solutions, announced today an alliance to jointly develop, promote and market the industry's most secure solution for seamless service continuity between GSM/GPRS/EDGE, UMTS or CDMA mobile networks and WLAN. This alliance will also apply to emerging technologies such as WiMAX.

This collaboration will enable users of laptops and PDAs to have an "always best connected" experience at any time, and to seamlessly profit from a smart card (SIM) based secure handover between heterogeneous access networks, ensuring the highest data rate, relying on a single subscription.

Alcatel will integrate the new Birdstep's intelligent Mobile IP client software into its Evolium™ multi-access offering. This will enable seamless roaming across multiple access networks, with a smart card (SIM) enabled client software designed by Gemplus for secured wireless communications and transactions. This unique combination will provide mobile operators with the best of breed solution for secure mobile broadband service continuity.

All it requires is the client software to be installed on the end-users' Mobile/WLAN enabled laptop or PDA and the SIM card to be integrated in a PCMCIA card inside the laptop. In the near future, the SIM will be in a USB key plugged onto the PDA, or simply inside a BlueTooth-enabled handset. As soon as users pass by a WLAN hot spot, the intelligent client software automatically notifies the end-user of broadband services availability directly accessed in a totally transparent manner.

"The Birdstep Mobile IP client software has evolved to meet the demands of infrastructure vendors and other component vendors who want to provide seamless mobility with their solutions", commented Jørgen Bredesen, chief executive officer of Birdstep Technology. "By jointly creating end-to-end seamless solutions for operators, our alliance with Alcatel and Gemplus will provide a one-stop-shop for the market in need of secure seamless mobility."

"The Gemplus smart card authentication solution allows service providers to offer a totally reliable and convenient tool for accessing a network, WLAN, GPRS or even 3G, while providing the same user experience", declared Jacques Seneca, Executive Vice President, Gemplus Business Development Group. "The partnership with Alcatel and Birdstep establishes a consistent offer for providing a unique experience for seamless mobile data access via a laptop or a PDA."

"Alcatel's vision is to consider the end-user at the center of the mobile experience by offering solutions guaranteeing totally transparent access to services from any device, regardless of the access technology," stated Marc Rouanne, Chief Operating Officer of Alcatel's mobile activities. "Our alliance with Birdstep and Gemplus supports this strategy and allows us to provide operators with new business opportunities based on the complementary interaction of their mobile networks today with WLAN, tomorrow with WiMAX."

The share has tested the support level of 17 (Norwegian kroner) and the share is rising from this level. The share is oversold and is likely to go up to 20 (Norwegian kroner) base on technical datas.

The company is well positioned for the coming demand of seamless roaming between wifi and cellular. They have vital support from existing partnership with majo players mentioned above. They`re well backed by a collbaration with the largest operator in Norway called Telenor. The main advantage for Birdstep is that their IP-zone software and Mobile Ip client can cooperate so Birdstep will bed posistioned both in the actual hotspot and with the user of a terminal (lap top and so on). The Mobile Ip Client is finished for Windows but for upcoming demand from smartphones base on Symbian, Birdstep have opened a office in Uk which will make the Mobile IP client ready for third og fourth quarter of 2004 when smartphones can connect to both cellular and wifi. Birdstep have hired chief of porting in symbian to manage the new office in Uk, so they have good contacts. The Ceo have stated that they expect second half 2004 to be strong, and in particular fourth quarter. 2005 is expected to give solid results and they expect to sell millions of Mobile Ip clients in 2005 to mobile operators who will deliever to end user of smartphone, pda or laptop. Any questions just ask, and remember I`m Norwegian so my english isn`t exactly perfect!