Wave Systems To Participate in Security & Defense Online Forum,
Tuesday, April 10th at 9:30 a.m. EDT

New York, April 9, 2007 — Wave Systems Corp. (NASDAQ:WAVX) announced today it will participate in PrecisionIR Group’s Security & Defense Online Forum tomorrow, Tuesday April 10, 2007 at 9:30 a.m. EDT. All interested investors are welcome to participate.

Who: Steven Sprague, CEO of Wave Systems Corp.
Where: http://www.investorcalendar.com/EventPage.asp?ID=115228
What: Online corporate overview presentation, including PowerPoint slides
How: Via the Internet — Simply log on to the web at the address above
Replay: The forum will be available for replay at www.investorcalendar.com/ClientPage.asp?ID=115228 or via http://www.investorcalendar.com/
Contact: David Collins — 212-924-9800 — wavx@catalyst-ir.com

About PrecisionIR Group
PrecisionIR Group ( www.precisionir.com ) provides web-based communication solutions and online investor relations services to over 3,500 companies in 13 countries. PrecisionIR Group’s services include Vcall® ( www.vcall.com ) innovative webcasting and webconferencing technology and event management that enables organizations to create influential web events, and PrecisionIR ® an investor-communication program that enables publicly traded companies to deliver compelling communications to a targeted audience of investors. Since 1992, PrecisionIR has helped clients such as Merck, Deutsche Telecom and BP to improve the effectiveness of their investor communication.

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 Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
Wave Investor Relations Contact
David Collins, Richard Land
Catalyst Global LLC


The PrecisionIR Group
Tracy Jones, Director

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