Wave to Demonstrate Capabilities for Data Protection and Trusted Platform Module Support for Next-Generation Intel vPro Technology at Intel Developer Forum

Wave highlights new Intel hardware technologies while enhancing Intel® Active Management Technology with Wave’s key management capabilities

Lee, MA and San Francisco, CA (Intel Developer Forum, Booth #415-20) –September 18, 2007 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com ), a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced it will demonstrate the capabilities of its EMBASSY® technology on a development Intel® vPro™ processor technology platform.

This 2008 platform incorporates a new, integrated chipset and Trusted Platform Module (TPM), along with a new data encryption technology codenamed “Danbury Technology.” Wave will show how EMBASSY technology can be adapted for data-at-rest, strong authentication and key management. Wave offers the only interoperable solution based upon the Trusted Computing Group’s specifications for trusted platforms that include TPM secure storage solutions and secure infrastructures as defined by the TCG.

“Protecting stored data is critical for businesses today, and Intel vPro Danbury technology will make encrypting hard drive data more secure and manageable,” said Tom Quillin, director of Intel’s Digital Office Ecosystem Enabling. “Intel is pleased that Wave is rapidly embracing this secure platform initiative.”

“As trusted computing solutions evolve, cross-platform interoperability could represent an important opportunity,” said Steven Sprague, president and CEO of Wave Systems. “We believe that the addition of hardware security that provides data-at-rest, strong authentication and management capabilities, built into the hardware, is an important step forward in supporting the growing need for security in the PC. We are keenly aware of the requirements for applications to interoperate among multiple secure platforms and are providing proof of concepts today to show how our applications can be adapted to a new generation of platforms from Intel. We are proud to be the first company demonstrating our flexible, interoperable, secure applications on the industry’s leading trusted platforms.”

Wave’s demonstrations will be located in the Intel vPro Zone Pavilion, Wave Booth #415-20 at the Moscone Center North. Customers may make appointments by contacting Brian Berger, Wave’s EVP Marketing & Sales, at bberger@wave.com.

More information on Wave Systems’ EMBASSY products is available at www.wave.com.


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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:

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

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