Calypso Wireless Received Purchase Order for 35,000 Software Licenses of CoMob for 1.05 Million Euro

Business Wire, Dec 21, 2005

MIAMI LAKES, Fla. -- Calypso Wireless, Inc. (PINK SHEETS: CLYW), a leader in advanced wireless telecommunications technology announced today that it has received a purchase order for 1.05 Million euros from Inversiones CCS SA, for the delivery of the Calypso - Sleipner CoMob End User license software. The software run on the Calypso C1250i Dual Mode WiFi-GSM-GPRS VoIP cellular phone, which runs on Intel (NASDAQ: INTC) PXA series application processor and Microsoft WinCE 5.0 (NASDAQ: MSFT) operating system.

"We have decided to launch the Calypso Wireless - Sleipner CoMob End User license software and we have therefore, placed a purchase order with Calypso for 1.05 million euros to acquire 35,000 End User licenses of CoMob software version 1.4. Our company will arrange to establish irrevocable letter of credit from an accredited bank acceptable to Calypso for this purchase," says Francisco Calderon, General Manager of Inversiones CCS.

"When using the Calypso C1250i WiFi-GSM VoIP cellular phone and connecting to any Wi-Fi access point, mobile subscribers will be able to save money on local and long distance calls using either the CoMob Agent software or Skype (NASDAQ: EBAY), therefore reaching more users and reducing the cost of calls," also says Calderon.

"This initial purchase order of 35,000 End User licenses of the Calypso Sleipner CoMob software represents the beginning of our licensing plans. With over 700 millions cellular phones sold word wide in 2005 (estimated by Frost & Sullivan), this order is just the beginning of Calypso entering the mobile market with the ASNAP(TM) patented technology providing value to consumer and mobile operators," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

"On October 2005 Microsoft invited Sleipner SA Italy (now Calypso Wireless Inc) to demonstrate at the SMAU Microsoft booth the Calypso Sleipner CoMob ASNAP(TM) seamless mobility solution. We were able to demonstrate our solution to potential customers," further adds Sarrazin.

About Calypso Wireless, Inc

Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).

Calypso's patented ASNAP(TM) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to Mobile Carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso' cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.

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.

About Inversiones CCS SA.

CCS is a distributor in South America. They sell telecom equipment to local telecom operators and distributors. CCS has two divisions, Neovento SA, is a marketing promotion company, they work for Mercedes Benz etc. For more information about Inversiones CCS SA. and its products and services, please visit the company's Web site at http://www.inversionesccs.cl/home.php

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