Wave Systems to Present Trusted Computing Seminars at RSA Conference Europe 2007

Executives to Address Enterprise Data Security via Trusted Computing Standard Architecture

RSA Conference Europe 2007, London, U.K. & Lee, MA — October 19, 2007 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) today announced that two of the company’s top executives will share industry expertise alongside fellow Trusted Computing Group (TCG) members in a featured educational seminar at the RSA Conference Europe 2007. The RSA conference will be held from October 22-24, 2007 at ExCel London, U.K. More information is available online at http://www.rsaconference.com/2007/Europe/.

Presentation Details:

Today, the benefits of trusted computing are widely available to IT professionals with the Trusted Platform Module (TPM) hardware security chip currently shipping as a standard component and deployed on tens of millions of business PCs. At RSA Europe, Wave Systems and other members of the TCG, will show attendees how to turn on and leverage this technology to secure corporate data, systems and networks, and provide expert insight into the infrastructure requirements necessary to implement trusted computing solutions.

Mr. Leconte and Mr. Berger will join fellow TCG members to demonstrate applications of the TPM solution for securing personal information, enabling multifactor authentication, password management and other security features. They will discuss ways to deploy data protection, authentication and network access control (NAC), and how to prepare for future deployments of trustworthy computing solutions.

Wave representatives will be on hand throughout the conference at the Trusted Computing Group booth (stand #10), providing hands-on demonstrations of Wave’s EMBASSY® line of trusted computing software. Demonstrations will include use of Wave’s Trusted Drive Manager for pre-boot authentication to trusted drives and EMBASSY Remote Administration Server for "no touch" management of fully encrypting hard drives and TPM security chips.

For more information about Wave Systems activities at RSA Europe, or to schedule meetings, contact Bruno Leconte via email at bleconte@wavesys-emea.com. For more information about Wave’s products and services, please visit 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
Dave Bowker / 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