Intel Desktop Boards Executive Series Bundled with Wave’s EMBASSY® Trust Suite Software Now Shipping

Lee, MAAugust 27, 2007 — Wave Systems Corp. (NASDAQ: WAVX) today announced that its latest edition of EMBASSY® Trust Suite software is shipping with the new series of desktop motherboards from Intel Corporation. Intel® Desktop Boards Executive Series is the fifth generation of Intel boards to include Wave’s software.

"Open standards hardware is the key to stronger data protection, network access control and strong authentication," said Brian Berger, Wave’s executive vice president of marketing and sales. "We’re pleased that Intel has again chosen to include Wave’s EMBASSY software on its newest Intel® Desktop Board family that contains Intel® vPro™ technology."

Wave software manages the security functions of the Trusted Platform Module, an industry standard that protects and strengthens platforms against software-based attacks, offeringa final layer to the motherboard’s security through a dedicated hardware chip. EMBASSY® Trust Suite software allows users to harness the security capabilities of the TPM for a range of applications that include file and folder encryption, strong authentication and data protection.

Michelle Johnston, general manager, Channel Desktop Platform Group at Intel, said, "We have chosen to bundle Wave’s TPM management software into Intel® Desktop Boards Executive Series, which includes the Intel® Q35 Express Chipset, to fortify the built-in security capabilities of our motherboards with advanced authentication, password management and data encryption."

Intel® Desktop Boards Executive Series are designed to offer new levels of manageability, security, and power-efficient performance while offering support for Intel® Core™2 Duo and Intel® vPro™ Technology. The Intel® Q35 Express Chipset features numerous advancements around security, network heuristics, verified boot and improved provisioning. Targeted for small to large businesses through the vPro brand campaign, the chipset is included in the DQ35JO and DQ35MP desktop motherboards.

To date, the computer industry has shipped tens of millions of PCs embedded with TPMs, the Trusted Computing Group-defined next-generation security chip hardware. Wave has designed its security applications to work with all commercially available TPMs, including the version 1.2 chip.

For more information about Wave’s trusted applications and services, please go to: http://www.wave.com/products/ets.asp . For more information about the new Intel desktop boards visit: http://intel.com/design/motherbd/.

Wave is a member of The Trusted Computing Group (www.TrustedComputingGroup.org), an industry organization dedicated to embedding trust and security more broadly into computing platforms and devices.

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:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wave.com
Wave Media Contact:
Schwartz Communications
Michael Schultz / Tiffany Archambault
781-684-0770
wave@schwartz-pr.com
Wave Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com

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