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Calypso acquires Sleipner
Posted: 17-Oct-2005 [Source: Calypso]

[Calypso agrees to acquire Italy's Sleipner software company for faster time to market of its dual mode WiFi-GSM-GPRS VOIP SMART cell phones in the European market.]

Miami Lakes, FL -- Calypso Wireless announced today that it signed an agreement to acquire Sleipner S.A, ("Sleipner") a Milan, Italy based company at the forefront of development and design of software for wireless handheld devices. Sleipner's COMOB software enables smart phones and wireless PDA/Pocket PCs to switch between GSM or CDMA cellular towers and WiFi access points (hot spots). 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 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 PXA series application processor and Microsoft WinCE 5.0 operating system, has already been successfully demonstrated in field trials.

"We believe that our acquisition of Sleipner, will enable us to deliver faster time-to-market to the mobile carriers (Mobile Operators) new features on the Calypso cellular phone incorporating Calypso' ASNAP(TM) patented technology. The marriage of our patented technology with the Sleipner's technology, which is gaining recognition in the European market, is the perfect acquisition for us at Calypso to move forward with our plans to implement seamless switching in our dual mode WiFi-GSM-GPRS smart cellular phones. Sleipner will provide an additional element that will also enable us to market our phones more expeditiously throughout the European market," says Michael Pizzi, Executive Vice President and General Counsel of Calypso Wireless, Inc.

"The European mobile market has a base of over 342 Million subscribers and is growing rapidly. Together, we will be able to help the mobile operator substantially expand their reach to this base. 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.

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