Calypso Buys RV Tech Stake

Calypso Wireless acquires equity interest in handheld device maker RV Technology

August 15, 2005

2 Min Read

MIAMI LAKES, Fla. -- Calypso Wireless, Inc. (Pink Sheets:CLYW), a leader in advanced wireless telecommunications technology announced today that it has acquired an equity interest in RV Technology Limited, Hong Kong ("RV Tec") with an option to buy the company. RV Tec is at the forefront of development and design of wireless handheld devices ranging from smart phones and wireless PDA/Pocket PCs for the consumer market to special purpose wireless data terminals designed for the enterprise and vertical markets. The investment in RV Tec was done by Calypso to expedite the production and delivery to market of the Calypso' ASNAP(TM) patented technology on the C1250i WiFi-GSM-GPRS VoIP smart cellular phone. The Calypso's C1250i that runs on Intel (NASDAQ: INTC) PXA series application processor and Microsoft WinCE 5.0 (NASDAQ: MSFT) operating system is now available for demonstration.

"We believe with Calypso's newly affiliated company RV Tech, Calypso will deliver faster time-to-market to the mobile carriers (Mobile Operators) new design and features on the Calypso cellular phone incorporating the Calypso' ASNAP(TM) patented technology (U.S. Patent # 6,680,923 B1)," says Michael Pizzi, Executive Vice President and General Counsel of Calypso Wireless Inc.

"We see the affiliation with Calypso Wireless as a positive development that will help take our technologies to a broader customer base in a faster manner. RV Tec is committed to provide Calypso with the necessary resources and technical expertise to take Calypso's C1250i mobile phone to a successful commercial launch," says Monsess Leung, Chief Architect Officer of RV Tec.

"With the Calypso ASNAP(TM) patented technology, mobile carriers could save money in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks and IP networks while increasing their revenues by offering new services and features on the Calypso WiFi-GSM-GPRS VoIP cellular phone," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

"Calypso's patented Automatic Switching of Network Access Points ASNAP(TM) technology represents the convergence of cellular and Wi-Fi, thereby enabling any mobile device such as the Calypso C1250i WiFi-GSM to switch seamlessly between the cellular network and wireless IP networks through Wireless Local Area Network (WLAN) with Wi-Fi," further adds Sarrazin.

Calypso Wireless Inc.

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