Wave to Demonstrate How Applications for Trusted Platform Modules will be an Integral Part of the Enterprise IT Roadmap

Network World’s IT Roadmap Conference Demonstrations will Show How Wave’s Software Can Harness Industry Standard Security Chips for Strong Authentication, Network Access Control and Data Protection for Hardware-based Security and Compliance

Lee, MA and Dallas, TX (Network World IT Roadmap Conference & Expo, Booth #407) –September 4, 2007 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com ) today announced it will be conducting demonstrations using its EMBASSY® software to manage security functions for the Trusted Platform Module (TPM) security chips found on many enterprise-class desktop and notebook PCs shipping today. Organizations can immediately address the critical problems of data protection, strong authentication and threats to their existing Network Access Control solutions using Wave’s software in conjunction with the TPM.

"Today you’ll find TPM technology on a growing number of PCs within any given organization—and on the PCs of many of that organization’s customers, vendors and suppliers. As trusted platforms become commercially available, we believe that putting them to work should be a critical component of any forward-thinking organization’s IT roadmap," said Brian Berger, executive vice president of marketing and sales for Wave. "We’re looking forward to educating the decision makers who visit our booth on how they can use the embedded security they already have to address some of the most critical security problems facing their organization today."

The Trusted Platform Module chip is a specialized microcontroller that generates keys to encrypt the contents of a hard drive and can store sensitive data such as passwords and security keys. Analysts estimate that tens of millions of PCs with embedded TPMs have shipped through 2007.
Wave has designed its security applications to work with commercially available TPMs.

The Network World IT Roadmap Dallas Conference & Expo 2007 takes place Thursday, September 6 at the Adam’s Mark Hotel in Dallas, Texas. Visit Wave Systems in booth #407.

To schedule meetings with Wave Systems’ experts at the IT Roadmap 2007, please contact Tiffany Archambault or Mike Schultz at 781-684-0770 or email wave@schwartz-pr.com. For more information about Wave’s products and services, please visit www.wave.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:

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.