MIAMI LAKES, Fla., May 17, 2004 (PRIMEZONE) -- Calypso Wireless, Inc. (OTCBB:CLYW) recently started negotiations with one of the major ODM (Original Design Manufacture) companies. A potential agreement with this company may result in a source of sizeable revenue for Calypso. It could also lead to ASNAP(tm) becoming a de facto standard for seamlessly switching between cellular and Wi-Fi Networks for next generation of handheld devices such as laptops, cellular phones and PDA's.
Calypso Wireless is in the process of contacting all major microprocessor companies in the industry to notify them of its recently granted patent. The patent will have major implications on the functionality that mobile microprocessor manufacturers like Texas Instruments (NYSE:TXN), Broadcom Corp. (Nasdaq:BRCM), Advanced Micro Devices (NYSE:AMD) and RF Micro Devices (Nasdaq:RFMD) can build into their processors.
About Calypso Wireless, Inc.
Calypso Wireless is the company behind the revolutionary ASNAP(tm) technology for which Calypso recently was granted US Patent # 6,680,923 tiled "Communication system method" (http://www.uspto.gov search U.S. patent number 6,680,923). Calypso's technology enables cell phones and other mobile devices to automatically detect an available wireless local area network and then seamlessly switch between the signals from a GSM/GPRS or CDMA cellular tower to a short range broadband network such as cable with Wi-Fi. The wireless customer remains connected to the 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 video conferencing via Calypso's cellular phones, or any cell phones powered with Calypso's technology.
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.