Wave to Demonstrate Security, Authentication, Data Protection and Compliance Solutions that Leverage Widely Available PC Security Chips at Cartes ‘07

Demonstrations with Infineon (Booth 4J002) & ST Microelectronics (Booth 4G032)

Paris, France & Lee, MA — November 13, 2007 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) today announced the company will showcase its EMBASSY® line of trusted computing solutions at Cartes 2007, November 14-17, at the Paris-Nord Villepinte Exhibition Centre in Paris, France. Wave representatives will be present to conduct demonstrations at the following partner locations:

Wave will join Infineon with fellow members of the Silicon Trust organization, created by Infineon in 2003 and comprised of other security partners. Attendees will see demonstrations of Wave’s ETS, a collection of practical, easy-to-use applications that can allow enterprises to enhance PC security by utilizing the Trusted Platform Module (TPM), an open standards security chip that serves as a tamper-resistant storage vault for user credentials.

Wave will also demonstrate its Trusted Drive Manager software for simplified deployment and usage of Full Disk Encryption (FDE) hard drives, which enables system administrators and users to easily set and control hard drive policies and security settings as well as create and back-up passwords. Trusted Drive Manager also enables administrators to instantly and easily perform a cryptographic erase of all data so that the drives can be safely redeployed or discarded.

Visitors will also see Wave’s EMBASSY Remote Administration Server, advanced management software for remote deployment and lifecycle management of both TPM technology and fully encrypting hard drives. For more information about Wave Systems activities at Cartes 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.

More information about Cartes 2007 is available online at http://www.cartes.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
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