Wave Expands Enterprise Security Coverage in Asia Pacific with Frontline Technologies

Lee, MA — November 26, 2007 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) today announced it has completed a reseller agreement with Frontline Technologies Corporation Ltd., a leading IT Services provider in Asia. Under this agreement Frontline is authorized to market and sell Wave’s line of client and server software solutions in the greater Asia Pacific region, as well as advise its clients on the uses of those solutions to strengthen data protection, strong authentication and network access control throughout the client’s enterprise.

Frontline has a strong Pan-Asian presence with footprints in nine countries and more than 65 cities in the region.

"Today, many of our customers are seeking to strengthen their security systems by implementing stronger authentication, data protection measures and better network access control solutions," said Wong Wai Meng, managing director of Frontline. "With trusted security hardware becoming a common feature on enterprise-class PCs, our partnership with Wave will enable us to offer our customers industry-leading trusted computing software solutions to address their most pressing security concerns."

Wave’s EMBASSY client and server software leverages the security features of the Trusted Platform Module (TPM), an open standards security chip that serves as a tamper-resistant storage vault for user credentials. By leveraging Wave’s software plus the TPM, enterprises can immediately roll out strong authentication, including machine, biometric and smart card authentication, as well as institute stronger network policies, key management and data protection. In addition, Wave provides management capabilities for fully encrypting hard drives, a hardware-based security system now available on many enterprise class notebook computers, to enable password setup and recovery, pre-boot authentication, remote deployment and lifecycle management. Using the automated compliance auditing features of Wave’s enterprise server class software, IT departments can document that all data on a lost or stolen laptop was stored safely on the drive.

"Frontline’s expertise in enterprise-class IT services, support infrastructure and their significant regional presence makes them an ideal partner to help Wave expand its presence in the Asia Pacific region," observed Richard Shuck, Wave’s vice president, Asia sales and marketing. "Their high-touch, end-to-end approach to deployment can add immediate value to IT customers’ security solutions requirements with Wave enterprise class software."

About Frontline Technologies Corporation Ltd
Frontline Technologies Corporation Ltd (SGX: FRLT.SI) is a leading provider of end-to-end IT Services. Frontline offers IT consulting, IT infrastructure, IT security solutions, enterprise application solutions, system integration as well as outsourcing to help companies harness IT so as to drive operational and cost efficiency as well as business growth.

Established in 1993 and headquartered in Singapore, the Frontline Group has more than 4,500 professionals in nine key markets in Asia — China, Hong Kong, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan and Thailand — to meet the specific needs of corporate organizations across a continuum of industries. Frontline is listed on the Main board of the Singapore Exchange since March 2001 and has been ranked in the top 10% of the Corporate Transparency Index (CTI) in Singapore. For more information, please visit www.frontline.com.sg

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
Frontline Contact
Lim Beng Gii (Ms)
(65) 6415 4721
bglim@frontline.com.sg
Wave Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com