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Webcast
DATE / TIME
Monday, August 7, 2006 1:40 PM EST / 10:40 PM PCT

http://www.wsw.com/webcast/sra3/wavx/

Wave to Present at Security Research Associates’ 2nd Annual Summer Technology Conference, Monday, Aug. 7th

Lee, MA — August 2, 2006 — Wave Systems Corp. (NASDAQ: WAVX — www.wave.com) announced today that Wave CEO, Steven Sprague, will be presenting at Security Research Associates’ 2nd Annual Summer Technology Conference. The conference will be held on Monday, August 7th, 2006 at the St. Francis Hotel in San Francisco. Wave’s presentation is currently scheduled for 10:40 a.m. PDT in the Elizabethan Room C. Conference attendees will include a select group of institutional portfolio managers and analysts from across the country.

About Security Research Associates

Security Research Associates (SRA) was founded in San Francisco in 1980 and today offers both investment banking and institutional brokerage services. A boutique firm by design, SRA works with a select group of portfolio managers from around the country and focuses on technology and life science companies in the micro and small cap arenas. For more information, visit www.sracap.com or contact us at 415-925-0346.

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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.

For more information please contact:

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

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