Wave Executive VP to Speak on Trends in Application and Content Security at Network World IT Roadmap Conference November 30th

Wave will demonstrate its EMBASSY software at the show

San Francisco, CA & Lee, MA — November 30, 2006 — Wave Systems Corp. (NASDAQ: WAVX) announced today that Brian Berger, executive vice president of sales and marketing, will be presenting at 10:00 a.m. today at the Network World IT Roadmap Conference & Expo at the Moscone Center West, San Francisco, CA. In his presentation, "Application and Network Security," Berger will address strategies and best practices for enabling effective security in today’s world and how security architectures are increasingly moving "up the stack," focusing on content, applications and data.

Wave representatives will also be on hand at the Trusted Computing Group booth (#306) to demonstrate the advanced functionality of the company’s EMBASSY® Trust Suite (ETS) software which, when combined with an industry standard security chip called a Trusted Platform Module (TPM), enables organizations to protect data and personal information, manage passwords and perform strong pre-boot authentication.

Wave will also demonstrate its line of server-based products, including EMBASSY Network Access Control that builds upon ETS and empowers users to leverage existing network infrastructure and open industry standards for IT control over PC client access to the network—locking down the network from unauthorized access to thwart many common and damaging network attacks. Other demonstrations will include use of EMBASSY Key Management Server and EMBASSY Authentication Server which provide network policy management, key management and strong authentication using biometrics, smart cards and TPMs.

A representative of the company will also demonstrate Wave’s Trusted Drive Manager which, together with Seagate’s DriveTrust technology, enables users to maximize and manage full disc encryption security on Seagate’s Momentus 5400 full disc encryption hard drives for laptop computers. Full disc encryption offers strong, hardware-based protection for notebook PCs, preventing unauthorized access to data.

For more information about Wave’s trusted applications and services, please go to: http://www.wave.com/products/ets.asp.

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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.

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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:

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

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