Atmel and Wave Systems Announce Licensing of Secure Software for Trusted Computing Group v1.2- specified TPM ICs

Delivers an Off-the-Shelf TCG-Enabled Security Solution for Desktop and Laptop PCs

San Jose, CA and Lee, MA — July 29, 2005 — Atmel Corporation (Nasdaq: ATML), a global leader in the development and fabrication of advanced semiconductor solutions, and Wave Systems Corp. (Nasdaq: WAVX) today announced a licensing agreement providing secure software for the Atmel AT97SC32xx family of Trusted Platform Module (TPM) ICs.

The software package includes Wave’s EMBASSY® Security Center (ESC) and Trusted Computing Group (TCG)-enabled Cryptographic Services Provider (CSP), as well as all necessary BIOS and Windows ® drivers. With all the necessary software components, Atmel’s AT97SC32xx product family delivers an off-the-shelf TCG security solution for desktop and laptop PCs.

The ESC is a powerful TPM management utility that is designed to allow easy set up and configuration of the TPM. The ESC provides multi-factor authentication functions and key management to users and is designed to allow administrators to easily define custom security policies. The software package also includes the Wave CSP, a cryptographic support utility.

The software package licensed by Atmel supports any application requiring cryptographic services taking full advantage of the TPM and is compliant with Microsoft®’s crypto-API specification.

"Trusted Computing is poised to reach a new level of acceptance by the industry and personal computer users as the improved TPM version 1.2 ships in volume," said Kevin Schutz, Atmel product line manager, secure products. "We believe that by partnering with proven suppliers, such as Wave and NTRU, we provide a complete user experience and flexibility for OEMs to select independent third party solutions that align with the TCG principles of interoperability and vendor neutrality."

"Wave is delighted to be a partner with Atmel in delivering a powerful hardware and software solution for the trusted computing market," said Brian Berger, executive vice president, marketing and sales, Wave Systems. "Wave’s software is designed to make it easy to set up and manage a TPM security platform in a PC, and we believe it will be especially useful for those setting up multifactor authentication capabilities."

“NTRU has a long standing partnership with both Atmel and Wave, so we are pleased to see that this announcement represents another step toward strengthening the trusted computing ecosystem. Together, the NTRU Core TCG Software Stack (CTSS), the Atmel TPM and the Wave applications will offer a world class trusted computing solution into the marketplace,” said Ed King, CEO of NTRU.

For more information about Wave’s EMBASSY Trust Suite products, see www.wave.com/products/ets.asp and for Atmel’s TPM products, see www.atmel.com/products/Embedded.

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry’s broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions. Focused on consumer, industrial, security, communications, computing and automotive markets, Atmel ICs can be found Everywhere You Are ®.

© Atmel Corporation 2005. All rights reserved. Atmel®, logo and combinations thereof, Everywhere You Are® and others, are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.

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.

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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:

Atmel Press Contacts
Nancy Moore, Marketing Communications Manager — TPM
Tel: +1 719 540 3262, Fax: +1 719 540 6800
Email nmoore@cso.atmel.com

Veronique Sablereau, Corporate Communications Manager — Europe
Tel: +33 1 30 60 70 68, Fax: +49 71 31 67 24 23
Email veronique.sablereau@atmel.com

Ford Kanzler, Manager of Corporate Press Relations — USA and Asia
Tel: +1 408 436 4343, Email: fkanzler@atmel.com

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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