Calypso Acquires SleipnerCalypso Acquires Sleipner

Calypso Wireless completes acquisition of Sleipner to deliver dual-mode WiFi/GSM/GPRS/VOIP handsets

December 20, 2005

1 Min Read

MIAMI LAKES, Fla. -- Calypso Wireless, Inc. (PINK SHEETS: CLYW), a leader in advanced wireless telecommunications technology announced today that Calypso Wireless Inc, has completed and closed the one hundred percent acquisition of Sleipner S.A., a Milan based company at the forefront of development and design of software for wireless handheld devices. 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 (U.S. Patent #6,680,923) 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.

"Today's closing on the Sleipner transaction demonstrated Calypso's commitment to expedite to market the C1250i dual mode cellular phone that has the ability to switch between cellular towers and WiFi access points. This cooperation will enable both companies to achieve top performance through complete integration of hardware, technology and processes," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

"We are all excited to be a part of the Calypso family since Calypso is the leader in the WiFi cell phone switching technology," says Alessandro Valenti, Chief Technical Officer of Sleipner SA.

Calypso Wireless Inc.

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