Calypso Wireless (fka CLYW)

[dlewisfl]

Calypso Wireless' Affiliated Company RV Tec Has Demonstrated a Series of New Cellular Smart Phones at The Intel Booth at The 3G World Congress
Business Wire - November 29, 2005 00:55

MIAMI LAKES, Fla., Nov 29, 2005 (BUSINESS WIRE) -- Calypso Wireless, Inc. (PINK SHEETS:CLYW), a leader in advanced wireless telecommunications technology announced today that Calypso affiliated company RV Technology Limited, Hong Kong ("RV Tec") has been invited by Intel Corporation (NASDAQ:INTC) to demonstrate a series of cellular Pocket PC-based Smart cellular phones at the 3G World Congress in Hong Kong. The Windows Mobile Smart cellular phone, which includes built-in WiFi for VoIP and video-calling, is actually being hosted by Intel, which provides its PXA 270 CPU.

"Convergence between cellular and WiFi coverage represents a very profitable opportunity for the mobile cellular market. We are excited that our affiliated company has demonstrated a series of next generation Smart cellular phones at the 3G Congress along with Intel Corporation. The Calypso's C1250i mobile cellular phone, which runs on Intel (NASDAQ:INTC) PXA series application processor and Microsoft (NASDAQ:MSFT) WinCE 5.0 operating system, has already been successfully demonstrated in field trials and has been demonstrated at the Microsoft booth in SMAU Milan, Italy in October this year," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

Calypso' ASNAP(TM) patented technology, for which it was granted U.S. Patent #6,680,923 titled, "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), 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.) is the solution to deliver seamless connectivity to mobile phones, PDA and mobile devices.

"Incorporating the Calypso' ASNAP(TM) patented technology into our Smart cellular phones represents a large opportunity for Calypso to capitalize and sell its dual mode WiFi-GSM-GPRS VoIP cellular phone to mobile carriers and Internet Service Providers (ISP). Mobile subscribers will be able to save money on local or long distance call costs when connecting to any Wi-Fi access point using Skype, the Global Internet Communications Company(TM) (NASDAQ:EBAY)," Sarrazin also says.

For more information about the recent RV Tec coverage at the 3G World Congress please visit: http://www.engadget.com/entry/1234000440069376/.

About Calypso Wireless, Inc

Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), 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's patented ASNAP(TM) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to Mobile Carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso' cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.

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.

About RV Technology Limited

RV Technology Limited is a Calypso Wireless Inc (CLYW) affiliated company. RV Tec is a wireless specialist focusing on the design and development of wireless handheld devices ranging from smart cellular phones to wireless PDA/Pocket PCs. The Company offers designs services as well as total ODM solutions to OEM customers who will typically market the RV Tec's designed products under their respective brand names. RV Tec is a leader particularly in the development of WiFi enables smart cellular handsets that run on Microsoft(C) Operating Systems, offering fixed and mobile end users the convenience of having full broadband access through WiFi networks. For more information about RV Tec and its products and services, please visit the company's Web site: www.rvtec.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

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.

SOURCE: Calypso Wireless, Inc.

Calypso Wireless, Inc., Miami Lakes
Alice Arguello, 305-828-1483
[e-mail]
http://www.calypsowireless.com

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