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About Calypso Wireless ..... http://www.calypsowireless.com/# Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent number 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 tower 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's 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 phone manufacturers 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 XM 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.
Rev ..... - Net ..... -(1,140,376) .... 3mth ... -(.01) eps Net ..... -(2,688,776) .... 6mth ... -(.02) eps
Analysis and Plan of Operation Fixed-mobile convergence (FMC) technology allows individuals to unite their mobile and business or home communications under a single phone number and voicemail system by using a combination of software, hardware and wireless services to register multiple handsets with a system. Proponents of FMC include mobile OEMs such as Motorola, Nokia and Sony Ericsson along with carriers such as AT&T Wireless, Cingular Wireless and T-Mobile all of which are supporting a mobile-centric model. Unlicensed Mobile Access (UMA) would allow cellular GSM (Global System for Mobile Communications) and GPRS (General Packet Radio Service) transmissions to travel over broadband networks operating in unlicensed radio bands. Dual-mode handsets would be able to seek out public and private wireless broadband internet networks (Wi-Fi and potentially WiMAX) and switch transmissions over to those networks to improve coverage or reduce airtime costs.
Broadband and VoIP providers want to route calls over their own networks (VoIP and/or wireline) whenever possible. Providers will equip customers with Bluetooth or Wi-Fi switching centers that use technologies such as SIP (Session Initiation Protocol) and IMS (IP Multimedia Subsystem) to route calls to a single mobile headset or a combination of handsets and devices.
According to the July 2006 issue of PC Today. Cellular hardware vendors are pursuing FMC aggressively. ABI Research predicts the market for fixed mobile handsets will reach 100 million annually by 2009. And, traditional telephone companies customer base is dropping. Market research firm Research And Markets predicts wireline usage in the US will drop 8.5% by 2009. These companies need to offer a new value proposition. A principal analyst at Gartner is convinced that convergence is coming to stay. He says in the future, everyone will have a single mobile terminal for all their telephony needs. They will be reached under a single number anytime and anywhere. Also, a 2005 survey by Boston research and consulting firm Chadwick Martin Bailey found that 23% of IT managers have already allocated budget for FMC.
These services will be used because they are convenient and cost effective. ASNAP™ technology allows for seamless integration to the existing core networks, existing cellular/landline devices. Being able to seamlessly tie together assets from the mobile and fixed networks to reduce costs and enable better applications has been too cost prohibitive for large scale deployments, until recently with Calypso Wireless ASNAP™ technology. Calypso Wireless offers controlled seamless session transparency.
The second quarter was largely one of transition in conjunction with the change in business model. We have reviewed operations and reduced our costs. Substantial time has been spent with potential investors and other funding entities to address our liquidity concerns. This activity has continued into the beginning of the third quarter.
Calypso Wireless has begun the planning and activities required to begin to finalize and deliver products to the market place under licensing agreements. These activities are undertaken to strengthen Calypso as a company, to commercialize products which have been and are being developed, to finalize licensing agreements, to complete obtaining world-wide patents as well as additional patents, and to prepare to defend our patents.
We realize that we must get our products to market and begin to show revenue in order to increase shareholder value. Our shareholders and our creditors have financed our research and development activities. Rapid changes in the wireless and telecommunications sectors have made the development of a cellular phone too costly and the competitors are many. As a result we have changed with the market and are moving toward licensing our technology and developing strategic partnerships that will more quickly realize value for our shareholders. Our strategy includes the following elements.
A. “Productize” commercial products for delivery to the market 1. Products for the Enterprise based on ASNAP 2. Products for the consumer based on a new development which is in the patent application process
B. Improve our business operations and capacity to produce revenue 1. Reduce costs, improve liquidity, and reduce current liabilities 2. Organize for effective and timely product life cycle management 3. Enter into more complex paid field trial agreements with major strategic partners which will drive the customization of our products and help us form alliances that will be beneficial to the company 4. Finalize sales agreements
Liquidity and Capital Resources At June 30, 2006, we had a working capital deficit of $1,694,027 compared to a negative working capital of $1,494,273 at December 31, 2005. The Company's cash position at June 30, 2006 was $104,993 compared to $4,771 at December 31, 2005. The Company's negative working capital is partially due to the difficulty the company has had in raising capital while changing its business model. During August 2006, the Company began selling the equipment that had previously been purchased for the production of telephones. Sales of the equipment continue in September. The resultant funds will be used to reduce accrued payables and for normal business operations. During 2006, the Company has raised $983,500 in private placement offerings for working capital purposes.
Further, the Company is actively pursuing and providing information to investors and other funding entities in order to obtain additional investment into the company. Some of these investors are contemplating acquiring a significant interest in or majority interest in Calypso by purchasing shares from current shareholders which could result in a change in control.
The Company requires approximately $3 million in to fund its annual operating budget for 2006. Of this amount, approximately $500,000 is required to deploy products for revenue generation within the next six months. If the transaction contemplated above is not finalized, the Company will seek short-tern funding to finalize the product such that the funding can be paid back from revenues generated. There are also other alternatives which the Company could employ but which would result in significant less revenue.
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