LAKES, FL (ots) - Calypso Wireless (OTC: CLYW) has positioned the
company to tackle the challenges of the dynamic wireless
communication industry by integrating its patented ASNAP
(Automatic Switching of Network Access Points) within the Wi-Fi and
Cellular networks, for the benefit of users and carriers worldwide.
"Calypso is working hard to facilitate communications, truly a basic
human need, by improving wireless connectivity and speed for the
benefit of consumers everywhere," said Ricardo Alvarez; fresh from a
trip to Las Vegas where he and CTO Robert Leon accepted the 2004
Frost & Sullivan Wireless Switching Excellence in Technology of the
Year Award on behalf of the Company.
In a bid to strengthen its management team and support key staff
members Calypso has executed new employment contracts, including
stock options and a full package of benefits, with Robert Leon, CTO,
Jorge Olazabal, Director of Engineering, Ricardo Alvarez, CEO and
others. "The management has concentrated their efforts in developing
the Company's patented technology in order to move Calypso to the
next level," said Robert Leon, Chief Technology Officer. "Ricardo
Alvarez brings many years of management and international business
development experience as well as a rich background in scientific and
technical research," he added.
"We see Calypso playing the role of integrator in tackling the
challenges of the wireless industry. Calypso will facilitate the
interaction between Wi-Fi enterprises and Mobile Carrier Network
organizations by using its patented ASNAP technology as the common
denominator," said Jorge Olazabal, Director of Engineering at Calypso
"Calypso has made substantial advancement in their effort to
license its patented automatic wireless switching technology to
device manufacturers and other key industry players worldwide. The
deployment of our ASNAP technology can bring tremendous benefits
to Carriers, ISP's and vendors in the wireless industry, including
the ability to expand traffic within the existing infrastructure,"
said Ricardo Alvarez, recently designated as President and CEO of
Calypso Wireless, Inc.
Calypso has recently strengthened its employee base and continues
to focus on the development and deployment of the patented ASNAP
technology for later this year.
About Calypso Wireless, Inc.
Calypso Wireless has been granted US Patent #6,680,923 titled
"Communication system and method" Calypso's technology enables the
users devise to automatically detect an available wireless local area
network and then seamlessly switch between the signals from a
GSM/GPRS link tower to a short range broadband network such as cable
or DSL with Wi-Fi. Thus enabling real time video conferencing via
phones or any mobile devise powered with Calypso's technology. The
patent has given Calypso the rights to offer license agreements to
major carriers as well as OEM's.
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.
ots Original Text Service: Calypso Wireless, Inc.
Director of Corporate Communications