Wave Systems and Operational Research Consultants Collaborate to Address Government Security Markets

Lee, MA. and Fairfax, VA — Jan. 13, 2005 — Wave Systems Corp. (NASDAQ:WAVX) and Operational Research Consultants, Inc. (ORC), a wholly owned subsidiary of WidePoint Corporation (OTC BB: WDPT), announced today a strategic partnership to jointly market trusted computing and certified credentialing to provide identity management solutions to federal, state and local governments.

The partnership agreement combines ORC’s federal government authorized External Certificate Authority (ECA) and Access Certificates for Electronic Services (ACES) capabilities with Wave’s EMBASSY® Trust Suite technology for use with federal compliant public key infrastructures.

"ORC is pleased to be joining forces with Wave Systems in making available trusted computing solutions embedded with ECA digital certificate capabilities to all branches of government, and beyond," stated Daniel E. Turissini, president and CEO of ORC. "This combination of Wave’s EMBASSY® Trust Suite technology integrated with our Trusted Third Party services provides another element to furthering the availability of the highest levels of Information Assurance technologies in the ongoing efforts to protect personal information and in support of Homeland Defense endeavors."

"Wave is happy to be partnering with ORC, a leader in the certificate authority market, and whose technology has gained a strong foothold in government, military and security markets," said Steven Sprague, Wave’s president and CEO. "We believe ORC can play an important role as a Trusted Third Party serving the growing trusted computing market in government."

ORC employs Public Key Infrastructure (PKI) technology to enable Government and Commercial customers to confidently disseminate information to geographically dispersed audiences while protecting that information from unauthorized disclosure. By implementing individual, code-signing and device/server digital certificates through trusted identity validation procedures, ORC provides its customers with:

ORC tackles the most difficult issues in implementing PKI by establishing for its customers rigorous procedures for subscriber identification that do not place an undue burden on either the subscriber or the validating entity while maintaining an acceptable level of trust.

Wave’s EMBASSY Trust Suite technology is designed to make personal computers more trusted and secure while making the PC applications more secure and easy to manage. For more information please visit www.wave.com.

About Operational Research Consultants

ORC, a wholly-owned subsidiary of WidePoint Corporation, is a multidisciplinary firm, offering a broad range of technical, analytical and engineering services including weapons system acquisition management, software development, systems integration, e-commerce, and expertise in all elements of information assurance and security. In addition to the DoD ECA program, ORC is also a prime contractor for the General Services Administration’s (GSA) Access Certificates for Electronic Services (ACES). For more information, please see ORC’s website at http://www.orc.com.

About WidePoint Corporation

(OTC BB:WDPT) is a publicly-traded IT services and solutions firm specializing in planning, managing, and implementing government and commercial enterprise solutions. WidePoint has embarked upon a growth through selective acquisition strategy focused on the Federal Government sector’s e-initiatives, which are driven by mandated requirements to greatly enhance technical capabilities and increase functionality and productivity within Federal Agencies. For more information, please see WidePoint’s website at http://www.widepoint.com.

Wave Logo

About Wave Systems Corp.

Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions.  Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security.  Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG’s “Opal” self-encrypting drive (SED) standard.  Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions.  TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide.  Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  Visit http://www.wave.com for more information.

Safe Harbor for Forward Looking Statements

Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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For more information please contact:

Wave Media Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7029
mwheeler@wave.com
Wave Investor Relations Contact
David Collins, Richard Land
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com
Operational Research Consultants, Inc.
Michael Boorom
703-246-8551
booromm@orc.com
WidePoint Corporation
James McCubbin
630-629-0003
jmccubbin@widepoint.com

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