Toshiba and Wave Systems Partner to Develop Full Disk Encryption Solution for Mobile PCs

Intel Developer Forum Demonstration Highlights Toshiba’s HDD Encryption Technology and Wave’s Enhanced Trusted Drive Manager Products

Irvine, Calif., and Lee, MA — August 13, 2008 — Toshiba Storage Device Division (SDD), an industry pioneer in small form factor hard disk drives (HDDs), and Wave Systems Corp. (NASDAQ:WAVX), a leader in trusted computing applications and services, today announced an alliance to develop a robust standards-based solution for the secure encryption of data on mobile computing platforms, such as laptop PCs.

The full disk encryption solution integrates Toshiba’s HDD encryption technology and an enhanced version of Wave’s EMBASSY Trusted Drive Manager and Remote Administration Server products for the management and administration of encrypting hard drives. Toshiba and Wave will demonstrate development versions of these products at the Intel Developer Forum (IDF) in San Francisco, August 19-21.

Wave has extended its client software, EMBASSY Trust Suite (ETS), which includes the Trusted Drive Manager, and the EMBASSY Remote Administration Server, to provide cross-vendor support for encrypting HDDs from multiple disk drive OEMs, including Toshiba’s HDD encryption technology. ETS also manages other PC trusted computing hardware components such as Trusted Platform Modules (TPM), biometric finger print sensors and smart card readers.  ETS is an industry-leading trusted computing software, with more than 30 million copies shipped via Wave’s major PC OEM partners.

Toshiba’s HDD encryption technology uses design principles from the evolving draft specifications for trusted storage devices. The solution provides high-performance data encryption integrated into the drive hardware, with strong protection of the encryption keys and secure authentication as integral elements of the HDD design. Availability of Toshiba HDD models incorporating the encrypting technology will be announced at a later date.

"Stronger security for information on mobile PCs is becoming a high-demand feature as customers look for solutions to protect sensitive personal and business data," said Maciek Brzeski, vice president of marketing at Toshiba Storage Device Division. "Building on our legacy of HDD innovation and technology leadership, our partnership with Wave Systems enhances our current encryption technology platform and provides mobile PC manufacturers with advanced security features to deliver the data protection mobile users require."

When combined, Toshiba and Wave’s state-of-the-art components provide a highly secure, easy-to-use and remotely manageable data protection solution for mobile PCs. Wave’s solution also assists enterprises with the compliance assertion tools required by many stringent data protection laws and regulations worldwide.

"As trusted computing hardware, including encrypting HDDs, becomes integrated into more mobile PCs, having components and software designed with common principles centered on strong access and data security becomes important for interoperability and cross platform management," said Lark Allen, executive vice president, Wave Systems. "Wave Systems is committed to being an industry leader in implementing existing and developing trusted computing standards.  Toshiba’s HDD encryption technology represents an important step toward delivering strong access security to enhance the protection of data – particularly data on mobile PCs."

Toshiba and Wave Systems will demonstrate this solution in the Wave meeting room located on the third floor of Moscone Center West in San Francisco, August 19-21, 2008. For demonstration and meeting appointments contact Wave’s executive vice president Lark Allen at lallen@wave.com


About Toshiba Storage Device Division

Toshiba SDD, a division of Toshiba America Information Systems, Inc., leads the market in the development, design and manufacturing of small form factor 2.5-inch and 1.8-inch hard disk drives. Toshiba SDD markets high-quality peripherals to original equipment manufacturers, value-added resellers, value-added dealers, systems integrators, distributors and retailers in the United States. Inherent in the Toshiba storage family are the high-quality engineering and manufacturing capabilities that have established Toshiba products as worldwide leaders. For more information, visit www.toshibastorage.com.

About Toshiba America Information Systems, Inc. (TAIS)
Headquartered in Irvine, Calif., TAIS is comprised of four business units: Digital Products Division, Imaging Systems Division, Storage Device Division and Telecommunication Systems Division. Together, these divisions provide mobile products and solutions, including industry-leading portable computers; projectors; imaging products for the security, medical and manufacturing markets; storage products for automotive, computer and consumer electronics applications; and telephony equipment and associated applications.

TAIS provides sales, marketing and services for its wide range of information products in the United States and Latin America.  TAIS is an independent operating company owned by Toshiba America, Inc., a subsidiary of Toshiba Corporation, which is a global leader in high technology and integrated manufacturing of electrical and electronic components, products and systems, as well as major infrastructure systems. Toshiba has more than 198,000 employees worldwide and annual sales of surpassing U.S. $76 billion (FY2007). For more information on Toshiba’s leading innovations, visit the company’s Web site at www.toshiba.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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© 2008 Toshiba America Information Systems, Inc. All product, service and company names are trademarks, registered trademarks or service marks of their respective owners. Information including without limitation product prices, specifications, availability, content of services, and contact information is subject to change without notice.

For more information please contact:

Earlene Tang
GolinHarris for Toshiba
714-662-5115
etang@golinharris.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