Wave Introduces First Remote Management and Administration Server Software to Manage Trusted Platform Modules Embedded in New Business-Class PCs

Wave’s EMBASSY® Remote Administration Server Enables Enterprise Deployment of Trusted Computing

San Francisco (RSA Conference 2007, Booth #2113) — January 31, 2007 — Wave Systems Corp. (NASDAQ: WAVX) today introduced the EMBASSY® Remote Administration Server (ERAS), which is designed to enable enterprise adoption of Trusted Platform Module (TPM) capabilities and deployment of trusted computing within business infrastructure. ERAS is the industry’s first solution that can control secure devices from a central server creating a unified trust network for broad, no-touch, deployment and management of TPM hardware security chips.

Nearly all business-class desktop and notebook PCs now ship with the TPM security chip included as standard equipment, with tens of millions already on the market.

Propelling TPM adoption are drivers such as Microsoft Vista hardware requirements specifying TPM version 1.2 in all business-class PCs to meet logo compliance and a U.S. Army mandate that all PC purchases by the Army must include the TPM security chip. Wave Systems’ new ERAS management software now provides administrators with a powerful solution to remotely manage TPMs and trusted computing in enterprise deployments.

"The Trusted Platform Module is installed in the majority of PCs sold to businesses, and the related standard is now supported by over 150 leading vendors, but most companies still have not turned this critical security technology on," said Rob Enderle, principal analyst for the Enderle Group. "The needed solution was one that would enable and manage the TPM without having to touch every individual PC, and the new Wave Systems remote administrative server is designed to address this critical need. This product gives enterprises that have already begun to deploy TPM technology a useful tool to benefit from it and better secure their enterprise."

Wave Systems will introduce ERAS, the industry’s first and only solution for administration and management of any brand of TPM, at the 2007 RSA Conference in San Francisco, where the company will be providing demonstrations in its booth on the exhibit floor (booth #2113). Wave is also demonstrating its enterprise edition of EMBASSY® Trust Suite (ETS) security software, a version of which is bundled with TPMs in certain PCs. Wave’s ETS, when combined with a TPM, performs a variety of business security features, such as security policy management, data protection, password management and strong pre-boot authentication. The TPM/ETS solution can substantially improve protection against password, data and personal information theft, and provide enhanced application security, strong wireless authentication, secure email and more—all while increasing productivity.

"While many in the industry have recognized the TPM as a breakthrough for heterogeneous, interoperable security, we believe the management capability to turn on, deploy and provide IT control for TPM-based client security has held back large-scale deployment," said Steven Sprague, Wave Systems’ president and CEO. "It is our view that Wave’s EMBASSY Remote Administration Server provides a solution that could assist enterprises in turning-on and managing many of the Trusted Platform Modules already in the market."

Trusted Computing Solutions for the Enterprise
Wave’s EMBASSY Trust Suite is a collection of practical, easy-to-use applications for enhanced PC security utilizing the Trusted Platform Module’s security capabilities. The ETS software provides a number of trusted computing features, from advanced authentication to password management, and includes a set of plug-ins for integration with popular office tools. ETS includes Wave’s Document Manager Vault for storage of private data such as encrypted files and folders on personal computers.

In addition to the new EMBASSY Remote Administration Server, Wave offers four additional enterprise solutions which deliver improved trusted computing features for government and enterprise markets.  

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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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For more information please contact:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wave.com
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Catalyst Global LLC
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wavx@catalyst-ir.com