Wave to Demonstrate Hardware-based Enterprise Data Protection in Dell’s "Future of Computing" Global Road Show

Wave to Share Booth with Seagate Technology in Multiple Cities on 149- Stop Tour through U.S. and EMEA

Lee, MA — May 12, 2008 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com ) announced it is participating in Dell’s global "Future of Computing" Road Show, demonstrating the company’s hardware-based data protection solutions with Seagate Technology, LLC. The tour encompasses 149 cities worldwide, with the first leg of the U.S. tour starting May 13, 2008 in Pittsburgh. The European tour began in Berlin on April 22, 2008. The full tour is expected to draw close to 10,000 attendees comprised of IT directors, managers and administrators.

In combination, the Seagate Momentus FDE hard drive and Wave Systems’ software provide a number of advantages over software-based encryption, including stronger security, faster performance and always-on encryption. Wave’s server software is designed to provide quick password recovery and an event log to verify that all data on a lost or stolen notebook was encrypted. Network administrators who deploy Dell PCs with Seagate drives and Wave’s management software can bypass many of the time-consuming steps required by software-based full disk encryption, such as verifying drive integrity by running CHKDSK, a process that can often take more than one hour. Additional benefits include faster imaging and maintenance of each PC.

"We are looking forward to talking directly with Dell’s customer base about how they can reduce the cost and complexity of data protection solutions in the enterprise today," said Brian Berger, executive vice president of marketing and sales, Wave Systems. "By taking advantage of the complementary technologies from Seagate and Wave, Dell users have, from one box, the power and simplicity of a fully managed, hardware-based full disk encryption solution."

The majority of the tour events will target direct customers in the corporate, public and global account segments.

Representatives from Wave will be on hand at Seagate’s booth at the Dell Future of Computing Road Show. For more information about Wave Systems activities throughout the tour, or to schedule meetings with company experts, 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.

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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:

Wave Systems Corp.
Michael Wheeler
Wave Media Contact:
Schwartz Communications
Dave Bowker / Tiffany Archambault
Wave Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC