TVTonic Announces Content License with the Weather Channel

National and Regional Weather Channels Added to TVTonic’s Guide; Provides Subscribers with Instant, On-Demand Access to Video Weather Forecasts

New York, NY — October 24, 2007 — Wavexpress, a provider of broadband media technology and services, majority-owned by Wave Systems Corp. (NASDAQ: WAVX), today announced a new content license with The Weather Channel that will give TVTonic viewers the latest weather reports on demand. The Weather Channel will be providing TVTonic with 10 new channels that span both national and regional weather.

Among the new additions to the TVTonic lineup are nine regional channels and one national weather channel. All of these channels will be updated twice daily, and will feature segments hosted by meteorologists from The Weather Channel. The channels are now available in "The Weather Channel" category in TVTonic’s guide, making the most up-to-date video weather reports just a click away.

"As the leader in delivering weather news and information, we are continually expanding to new platforms for reaching the people who rely on us every day," said Tom Flournoy, vice president, advanced media at The Weather Channel. "Through the TVTonic application, users will be able to view both national and regional forecasts on demand on both their PCs and televisions, so the information will always be available no matter where they may be."

TVTonic, a free offering available with any PC running Microsoft Media Center, and for online access by any PC user at www.tvtonic.com, is designed to create a television experience out of Internet video by taking the hassle out of searching for quality video on the Internet and allowing the viewer to simply see what’s on, pick a channel, sit back and watch. TVTonic can manage a viewer’s subscriptions much like a digital video recorder (DVR) for the Internet. Viewers select the channels they want to record and TVTonic caches the shows on the hard drive. This is designed to ensure that the content is ready for viewing in a seamless, near-HD quality format that remains high quality in full-screen mode. TVTonic is also designed to be navigated with a remote control, either on a consumer’s PC or living room TV, for easy surfing across channels.

"When users flip through channels in TVTonic, they often come not only for entertainment but also to be informed about the world around them," said Michael Sprague, president of Wavexpress. "Our content partnership with The Weather Channel will add a whole new dimension of programming to our robust lineup, giving users the latest weather reports for their region on demand. Whether browsing for entertaining shorts or the latest music videos, news or weather, TVTonic makes the best online video content available with the simple click of a remote."

New channels in "The Weather Channel" category of the TVTonic guide include: National Forecast, Northwest Forecast, Northeast Forecast, Southwest Forecast, East Central Forecast, Southeast Forecast, South Central Forecast, Central Forecast, North Central Forecast and West Central Forecast.

About Wavexpress
Wavexpress enables secure broadband distribution of premium digital content. The company delivers full-screen, DVD-quality video, games, music and software. Wavexpress supports a variety of business models, including subscription, pay-per-view, and advertising services. For more information about Wavexpress, visit http://www.wavexpress.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:

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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