Wave Systems Speaker to Describe Trusted Computing and Web Services at RSA Conference 2005

Trusted Computing Solutions Are Available Today to Protect the High Value Digital Transactions Associated With Emerging Web Services

Lee, MA — February 14, 2005 — Wave Systems Corp. (NASDAQ:WAVX) today announced that Lark Allen, executive vice president, business development, will present "Trusted Computing, Identity Management and Web Services, the Next Generation of the Internet", Session IAM-101 of the Identity and Access Management Track at the RSA 2005 Conference at the Moscone Center, San Francisco, CA. Allen’s presentation, sponsored by the Trusted Computing Group, will be on Feb. 15 at 2:00pm in the Esplanage Room in the South Hall.

Allen’s presentation will show how trusted computing, using industry-standard security chip technology to defend the computing platform against software-based attacks, promises to make the internet safer terrain for enterprises, government and individuals ready to engage in high value digital transactions.

"In order for the promise of higher value digital transactions on the Internet to be realized, you need a range of capabilities to be present, all of which readily available today from vendors selling trusted computer solutions," Allen said. "With millions of PCs now shipped by industry with Trusted Computing Group-compatible security chips called Trusted Platform Modules (TPMs), we now have the basis for widespread trustworthiness of computer platforms.

"Building a network of trusted devices can dramatically enhance the privacy and security of existing and future web services," Allen said. "The productivity gains that the internet can deliver have been hampered by poor security and the inconvenience to users. Today’s internet is a patchwork of solutions that lack interoperability. Trusted computing is expected to provide the foundation for a common root of trust for business and consumer Interactions on the internet."

Wave’s ETS software solutions are designed to be compliant with the Trusted Computing Group (TCG) specifications. The computer industry has shipped millions of PCs embedded with a TCG-standard chip, called the Trusted Platform Module. Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available.

More information about EMBASSY Trust Suite products is available through Wave Systems at www.wave.com.

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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.

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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

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