MIAMI LAKES, Fla., May 10, 2004 (PRIMEZONE) -- Calypso Wireless, Inc. (OTCBB:CLYW), announced today that the company is proceeding with the deployment of its patented ASNAP(tm) technology with Nedetel S.A. The Carrier has financial backing by Citibank, a member of Citigroup (NYSE:C). Nedetel has joint efforts with Pacifictel, a government owned Operator that provides a complete telecommunication solution to the western area of Ecuador. The rapidly expanding market has created a demand for increased services and high-speed access to the Internet. The agreement requires Calypso' patented technology to utilize Cisco's (Nasdaq:CSCO) most advanced wireless network infrastructure system and equipment.
Calypso peaked the interest of Nedetel by demonstrating the ASNAP(tm) technology that provides a system that enables the Mobile Carrier and Internet Service Provider to identify and authenticate the user, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them.
By using Calypso's ASNAP(tm) patented technology, the wireless customer remains connected to the cellular GSM/GPRS or CDMA network until his cell phone automatically detects and switches to a Wi-Fi network. At that point, the cell phone seamlessly switches to that network and is now able to connect at a speed of up to 11,000 Kbps (11Mbps) enabling movie-quality, real-time two-way video conferencing via Calypso's cellular phones, or any cell phones powered with Calypso's patented technology.
"The project is indicative of the advancement that Calypso is experiencing in the wireless arena. Our efforts to deploy the technology to an ever increasing market throughout South America is unmatched. This sector is full of savvy users that desire a faster, more reliable and inexpensive access to powerful applications currently not available. We strongly believe that Calypso's patented ASNAP(tm) technology is the solution for them," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless, Inc.
Calypso Wireless Inc., is showing its aggressive strategy to bring its patented ASNAP(tm) technology to rapidly growing market places such as; South America, Asia Pacific and Europe. They have demonstrated that their technology brings together the public and private telecommunication sectors to benefit the advancement of the countries that embrace their technology. Providing them with the most efficient and reliable system of communication possible.
About Nedetel
Nedetel S.A. developed the largest DSL network in Ecuador. They are currently in the process of deploying a Wi-Fi network that will provide connectivity to VPN, ISP, ASP, corporate or private LAN, located in areas such as airports, malls, restaurants, etc., bringing to the end user a true wireless functionality for their Internet enabled devices and phones making it the most desirable way to attach to the Internet.
About Calypso Wireless
Calypso Wireless is the company behind the revolutionary ASNAP(tm) technology for which it was recently 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 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.
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.