MILAN, Italy, Oct. 18, 2005 (PRIMEZONE) -- Sleipner S.A., a Milan-based company at the forefront of development and design of software for wireless handheld devices announced today that it has signed an agreement to be acquired by Calypso Wireless, Inc., (Pink Sheets:CLYW) a leader in advanced wireless telecommunications technology. Sleipner's COMOB software enables smart phones and wireless PDA/Pocket PCs to switch between GSM or CDMA cellular towers and WiFi access points (hot spots). Sleipner provides VoIP and IP solutions and applications for the enterprise and vertical markets. The Sleipner software enhances and helps implement the CALYPSO patented ASNAP(tm) technology that allows the seamless switching between cell towers and various access points. The acquisition was made by Calypso to expedite the delivery to market of the Calypso' ASNAP(tm) patented technology on the C1250i WiFi-GSM-GPRS VoIP smart cellular phone. Calypso's C1250i, 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.
"This cooperation will enable both of us to achieve top performance through complete integration of hardware, technology and processes," says Dr. Massimo Plateo, President & Chief Executive Officer of Sleipner SA.
"With a potential market of 56 million cellular phones sold in Italy and an European market of more that 340 Million subscribers and growing rapidly, this deal is a new starting point in our effort to promote and sell the complete Calypso-Sleipner solution, technology and product line to cellular operators (Mobile Carriers) in the European market," says Bruno Motta, Vice President of Marketing of Sleipner SA.
"Sleipner has already conducted some software trials with primary operators in Europe and we know their needs very well. This deal will give all of us a tangible opportunity to fully meet them," further adds Dr. Plateo.
"Seamless mobility is no longer a dream: it is increasingly a real need for users. But they don't buy technology, they buy usability. By integrating Sleipner's products and technologies into ASNAP(tm) and dual-mode Calypso dual-mode WiFi-GSM-GPRS VoIP cellular phone that running on Intel PXA series application processor and Microsoft WinCE 5.0 family, we will create the first integration that really works: a complete hardware and software solution that will become the `usable' tool capable of changing the way people communicate," further adds Motta.
"We are delighted by our agreement to acquire Sleipner. They are emerging leaders in VoIP and WiFi technology in the European market. We are very excited about forging ahead with placing our products for market in Europe and the United States," says Mr. Michael Pizzi, Calypso Executive Vice President & General Counsel.
About Sleipner
Sleipner builds advanced IP-based communication systems and software platforms enabling comprehensive network-telephony solutions and innovative data converged services for enterprise and consumer customers. Sleipner' VoIP and IP solutions and applications are designed on coMEDIA, the first complete family of SIP-based solutions offered to the market. Service providers and enterprises can build their own SIP applications to fit their unique voice needs. Compared to circuit-based deployments, VoIP implementations are completed faster and with fewer setbacks. For more information about Sleipner S.A. and its products and services, please visit the company's Web site at http://www.sleipner-sa.com
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 WiFi), 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.
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