NEC Computers Unveils Advanced, Hardware-based Laptop Security for Small and Medium-Sized Businesses. Advanced Authentication and Data Security Solution features the Trusted Platform Module and Seagate Encrypting Drives with Wave Management Software

Puteaux, France — December 12, 2007 –NEC Computers, a subsidiary of NEC Corp., today unveiled new secure laptops with built-in hardware security enabling strong authentication and encryption designed to prevent unauthorised access to laptop information in the event the system or hard drive is lost or stolen.

The NEC laptops, Versa M370, P570 and S970, combine an advanced, hardware-based security chip – the TPM (Trusted Platform Module), an encrypting disk drive and client management software. These features enable organisations to deploy and manage secure laptops easily and meet data privacy regulations.

"With so many high-profile data breaches making headlines, securing sensitive information at the source—the laptop itself—is fast becoming a top priority for most organisations," said Olivier Chevance, Client Products Marketing Manager, NEC Computers. "That’s why NEC Computers is providing its customers with the most advanced security and management available today within its Versa line of laptops."

The new data security offering combines the Seagate® Technology (NYSE: STX) Momentus® FDE.2 (Full Disc Encryption) hard drive with DriveTrustTM technology and Wave’s (NASDAQ: WAVX) EMBASSY® software into an easy-to-use and scalable solution that enables organisations to provide comprehensive data protection and automated compliance auditing for lost, stolen or recycled laptops. DriveTrust™ is a security platform that combines strong, fully automated hardware-based security with a programming foundation to make it easy to add software security applications and multi-factor authentication including biometrics and smart cards. Momentus 5400 FDE.2 is a 2.5-inch, 5400-rpm hard drive with native government-grade AES encryption.

The NEC/Seagate/Wave offering provides a number of advantages over software-based encryption. The solution is easierto deploy and use, delivers stronger pre-boot security and provides always-on encryption with no impact to system performance. It also simplifiesremote deployment, security policy enforcement, and compliance auditing of laptop computers.

"Theft of intellectual property, customer information and other precious content stored on laptops can cost organizations dearly in legal remedies, customer retention and reputation management," said Marc Jourlait, vice president of global marketing at Seagate. "Seagate’s Momentus 5400 FDE.2 hard drive with the Wave Systems management software enables NEC to deliver notebooks with the strongest, easiest to deploy security available so NEC customers can steer clear of these costly setbacks."

MANAGEMENT SOFTWARE FOR TRUSTED SECURITY HARDWARE
Also installed on each of the Versa line of laptops is a Trusted Platform Module, which acts as a storage vault for user credentials and offers various advanced security functions, including multi-factor authentication, data protection and ID/password management. An OEM version of Wave’s EMBASSY Trust Suite software comes bundled on the Versa TPMs, making it possible for users to manage both their Trusted Drives and TPMs with the same suite of client-side software, assuring compatibility, simplified maintenance and support.

"Companies throughout Europe face increasing pressure to safeguard their information assets," said Brian Berger, executive vice president of marketing and sales for Wave Systems. "NEC is demonstrating a commitment to helping companies support and manage the strongest levels of authentication and data protection solutions available today."

NEC

About NEC Computers
A subsidiary of the Japanese NEC Corporation, NEC Computers is a leading supplier of state of the art servers, desktops and notebook computers, designed and manufactured for the business user. Design, assembly, marketing, support and system integration activities all take place at the technological and industrial facility, based in Angers. Target markets include Europe, Middle East, Africa and Latin America.

The Japanese group NEC, reached a $39 billion turnover (fiscal year ended March 2007) with more than 150,000 employees worldwide. As illustrated by the strapline "Empowered by Innovation", over 6.5% of its turnover is dedicated to R&D, from bioplastics to high performance calculators, NEC Corporation brings technological innovation directly to its clients.

NEC is a brand name of the NEC Corporation. All other product brands and services mentioned in this press release are the property of their respective owners. All rights reserved. © 2007, NEC Computers S.A.S.

www.nec-computers.com

Seagate

About Seagate
Seagate is the worldwide leader in the design, manufacturing and marketing of hard disc drives, providing products for a wide-range of Enterprise, Desktop, Mobile Computing and Consumer Electronics applications. The company is committed to delivering award-winning products, customer support and reliability, to meet the world’s growing demand for information storage. Seagate can be found around the globe and at www.seagate.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.

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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 Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC
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wavx@catalyst-ir.com