Wave Systems and ICT to Showcase Trusted Computing Solutions at Dell Business Club Events Across Germany

IT Security Events to Include Presentations and Demos from Wave and ICT: Demonstrating Trusted Computing, Advanced Encryption, Data Protection, Authentication and More

Lee, MA– September 18, 2006 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced that it will be participating in the Dell Roadshow, called "Dell Business Club," taking place at eight locations across Germany in September and October, to present and demonstrate trusted computing solutions. Dell currently includes Wave Systems’ EMBASSY® Trust Suite for Dell software shipping on all Dell Latitude notebooks and Dell Precision mobile workstations containing the Trusted Platform Module security chip.

The Trusted Platform Module (TPM) is a unique standards-based hardware security chip that handles various advanced security tasks on a computer. When combined with Wave Systems EMBASSY Trust Suite software, the TPM performs a variety of business security features, such as security policy management, data protection, password management and strong pre-boot authentication. The benefits of these applications for reducing network security problems include mitigating password, data and personal information theft, application security, strong wireless authentication, secure email and more — all while increasing productivity.

"It has never been easier to enable security in a customer’s enterprise with standard based solutions from Dell. No matter if its servers, notebooks or desktop systems and even workstations, all are equipped with proven TCG technology. This, combined with Wave Systems’ administrator-friendly security suite, keeps customers ahead of security needs," said Christoph Kaub, Latitude Product Marketing Manager, Dell.

Dell Business Club is a nation-wide tour of Germany where Dell and select partners will meet with more than 3000 IT managers among Dell’s best enterprise customers in Germany. The tour opened on September 8, 2006 in Frankfurt, Germany. The key topics of the Dell Business Club this year will be IT Security and Enterprise Manageability.

"Wave Systems is happy to collaborate with Dell in bringing its security expertise to this Roadshow in Germany," said Bruno LeConte, Vice President, EMEA, for Wave Systems. "In addition to presentations on the latest IT security infrastructure and Dell mobile security, we look forward to this opportunity to demonstrate the EMBASSY Trust Suite for Dell and showcase how hardware security and software built right into Dell’s professional PCs can be leveraged as a new foundation for a more secure computing architecture."

“We are very excited to see Dell and Wave Systems offering second-to-none infosecurity solutions to enterprise customers in Germany and Austria. By leveraging the power of hardware-based security and the latest industry standards, Dell and Wave provide an advanced new architecture for security that we see as most beneficial to customers,” said Alexander W. Koehler, CEO ICT Economic Impact. "We are happy to bring the strongest new developments in security to our customers as their trusted computing partner for consulting and implementation support in Germany and Austria."

Wave Systems also offers a more fully featured version of Wave’s EMBASSY software, EMBASSY Trust Suite for Dell (ETS) 2.1, as well as EMBASSY Authentication Server (EAS) and EMBASSY Key Transfer Manager Server (EKMS), available as an upgrade purchase option through Dell and direct from Wave (www.wave.com).

About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative technology and
services they trust and value. Uniquely enabled by its direct business model, Dell sells more systems globally than any computer company, placing it No. 25 on the Fortune 500. Company revenue for the past four quarters was $57.4 billion. For more information, visit www.dell.com. To get Dell news direct, visit www.dell.com/RSS .

About ICT
ICT Economic Impact is a leading Virtual System Integrator for client security and systems management, especially Automated Identity and Client Management . It develops requirement specifications for enterprise customers, implements and deploys TCG TM based solutions. ICT Economic Impact together with its partners is able to answer even the most demanding IT-security implementations, including worldwide support up to 365/7/24. ICT Economic Impact is – besides other related engagements – member of the TCG TM and Intel ® Product Integrator. For further information please visit www.ict-economic-impact.com.

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.

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.

All brands are the property of their respective owners.

For more information please contact:

Wave Systems Corp.
Michael Wheeler
Wave Media Contact:
Schwartz Communications
Michael Schultz /Katie Potter
Wave Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC

Stay up-to-date on news relating to Wave. Join our email list by putting your email address in the space below.