Wave Systems to Demonstrate Hardware Security Solutions for Strong Authentication and Data Protection at RSA Conference 2008

Demos to Showcase Authentication Solutions for Intel’s Next-Generation Centrino 2 with vPro Technology Platform, Featuring Integrated Intel® Trusted Platform Module and Management of Seagate FDE Drives

Lee, MA & San Francisco, CA (Booth # 728) — April 7, 2008 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com ) today announced it will conduct multiple demonstrations for strong authentication and data protection with its EMBASSY® line of interoperable software for managing hardware security at RSA Conference 2008, April 7-10, at the Moscone Center.  Demonstrations will focus on showing available solutions that support the next-generation Intel® Centrino 2 with vPro technology platform (code named Montevina), with an integrated Intel® TPM v. 1.2. In addition, the company will also showcase its capabilities for management of the Seagate Momentus® 5400 FDE.2 line of FDE drives.

Strong Authentication through Support for Discrete TPM and Integrated Intel TPM
Wave will demonstrate its comprehensive support for the new integrated Intel TPM along with discrete TPMs. 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.

"Intel vPro delivers built-in manageability and proactive security on business PCs," said Brian Tucker, Marketing Manager, Intel’s Mobile Platform Group. "Wave System’s software will complement the Intel TPM 1.2 hardware to help deliver enhanced security to mobile and desktop business PCs, including mobile and desktop systems based on the Intel Centrino 2 processor with vPro technology."

Data Protection and Management of FDE Drives
Wave will also be demonstrating its Trusted Drive Manager and EMBASSY Remote Administration Server (ERAS) 1.5 software for managing Momentus® 5400 FDE.2 drive from Seagate Technology at the conference.

The EMBASSY Trusted Drive Manager software simplifies deployment and usage of FDE hard drives, making it easier for system administrators and users to set and control hard drive policies, security settings, and to create and backup passwords. The software also enables administrators of the FDE.2 hard drives to instantly and easily perform a cryptographic erase of all data so that the drives can be safely redeployed or discarded.

Wave’s ERAS gives administrators an easy way to remotely manage the security settings of laptop FDE drives. ERAS provides robust "zero touch" administration and password management for drives. ERAS also provides audit logs to help ensure and document compliance with the many data protection regulations and policies pertaining to lost or stolen laptops.

"The future of security is based in hardware," said Brian Berger, EVP Marketing & Sales, Wave Systems. "Through demonstrations of its support for the Intel TPM technology in the next-generation of Intel’s mobile platform, as well as strong data protection through management of hardware-based FDE drives, Wave Systems looks forward to providing attendees at this year’s RSA conference with a view of software solutions that leverage industry standard hardware security and direction into this trend."
For more information about Wave Systems activities at RSA Conference 2008, or to schedule meetings with company experts at the show, please contact Dave Bowker or Tiffany Archambault at 781-684-0770 or e-mail wavesystems@schwartz-pr.com. For more information about Wave’s products and services, please visit www.wave.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
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