Wave Systems Corp. to Present at RedChip Small-Cap Conference in Hollywood, Florida, April 28, 2006

Industries Covered: Homeland Security, VOIP, Business Services, Alternative Energy, Computer Hardware, Natural Resources and Others

Orlando, FL — April 18, 2006 — RedChip Visibility, a division of RedChip Companies, announced that Wave Systems Corp. will be a presenting company at the RedChip Small Cap Investor Conference at the Hard Rock Hotel & Casino in Hollywood, Florida on April 28, 2006.

The Conference will feature 26 companies representing the following industries: Homeland Security, VOIP, Business Services, Alternative Energy, Computer Hardware, Natural Resources, and others. This is the first investor conference to be video streamed live. Investors all over the world will be able to see and hear presenters at the conference in real time on www.redchip.com. Additionally, Ray Dirks will give a keynote speaker presentation to attendees on his experiences exposing the Equity Funding Corporation scandal.

Those who would like to attend encouraged to visit www.redchip.com/visibility/conferenceMain.asp or call 1-800-Red-Chip.

About RedChip

RedChip has a long history of bringing research on selected small-cap companies to analysts and portfolio managers. RedChip Visibility(TM) provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.

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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:

Contact:
RedChip Companies
1-800-REDCHIP
http://www.redchip.com
susan.payton@redchip.com
Wave Investor Relations Contact
David Collins, Richard Land
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com

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