Wave Systems Management to Present at Wall Street Analyst Forum March 1st in New York City

Lee, MA — Feb. 25, 2005 — Wave Systems Corp. (NASDAQ:WAVX) announced today that its president and CEO, Steven Sprague, and its CFO, Gerard Feeney, will provide an overview of Wave and its progress in deploying trusted computing software and services at The Wall Street Analyst Forum investor conference on Tuesday, March 1 st at 8:20 a.m. The conference, which is for institutional investors and analysts, will be held in New York City at the Roosevelt Hotel at Madison Avenue and 45th Street.

Those interested in Wave’s conference presentation may access a live audio webcast of the presentation along with a copy of its PowerPoint presentation from Wave’s website at http://www.wave.com . Please allow 15 minutes to register, download and install any necessary software. Following Wave’s presentation, an audio replay will be available for approximately 30 days.



click here for webcast

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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.

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 Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
413-243-1600
info@wave.com
Wave Investor Relations Contact
David Collins, Richard Land
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com

The Wall Street Analyst Forum
Alyssa Boutin
Director, Client Services
802-253-7596
aboutin@analyst-conference.com


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