Wave Announces EMBASSY® Support for Seagate FDE Hard Drives Available from Lenovo on Select ThinkPad Series Computers

Wave’s Software Now Available for Lenovo PCs to Deploy and Manage Advanced Security Features of FDE Drives

Lee, MAMarch 13, 2008 Wave Systems Corp. (NASDAQ: WAVX), today announced that it has completed the qualification and testing of its EMBASSY Trust Suite, including the EMBASSY Trusted Drive Manager software, on Lenovo PCs with Seagate Momentus® FDE hard drives, adding Lenovo to the list of its supported OEMs offering robust hardware data protection. Wave’s Trusted Drive Manager software, Lenovo Edition, is now available as an option on the ThinkPad R61 series with Seagate Momentus Full Disc Encryption (FDE) hard drives.

The combination of the Seagate Momentus FDE hard drive and Wave Systems’ software can provide a number of advantages over software-based encryption, including stronger security, faster performance and always-on encryption. Wave’s EMBASSY Remote Administration Server, also available as an option through Lenovo channels, is designed to provide quick password recovery and an event log that can establish that all data on a lost or stolen notebook was encrypted.

Network administrators who deploy Lenovo machines with Seagate drives and Wave’s management software can bypass many of the time-consuming steps required by software encryption, such as the requirement to verify drive integrity by running CHKDSK, a process that can often take an hour or longer. Imaging and maintenance of each PC can also be faster and easier with this solution. In addition, multiple leading OEMs have tested and qualified Wave’s software, allowing for simplified deployment of the drives in mixed environments.

"Recently published findings have cast doubt on the extent of the security provided by software FDE solutions, and the industry is embracing hardware-based encryption," said Steven Sprague, CEO of Wave Systems. "Leading PC manufactures like Lenovo recognize the value of offering hardware-based FDE drives and Wave’s management solutions to provide their customers with comprehensive data protection. By adding Lenovo as a supported manufacturer, Wave is further fortifying its broad distribution of management solutions for trusted drives."

Pricing and Availability
Please contact Lenovo for pricing and availability.

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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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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