Wave to Demonstrate Data Protection Using Intel® Anti-Theft Technology at Intel Developer Forum

Lee, MA & San Francisco, CA (Intel Developers Forum, Pro Zone, Booth #737) — August 20, 2008 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that it will demonstrate a pre-production data theft protection and remote, out-of-band management solution for platforms with Intel® vPro™ technology for enterprise and small to-mid-sized businesses (SMB).

Wave will showcase pre-production management and data protection capabilities for platforms with Intel® Anti-Theft Technology—advanced, integrated hardware-based security technology—using Wave EMBASSY Remote Administration Server (ERAS) and its client EMBASSY Trusted Drive Manager (TDM).  Demonstrations will take place at Wave’s kiosk in the Pro Zone.

The prototype EMBASSY software demonstration will show how enterprises can roll out a fully integrated and managed solution for advanced hardware based data protection, allowing for pre-boot authentication, secure remote management and authenticated, remote unlock of encrypted data using industry standard serial ATA (SATA) disk drives.  This combined solution will offer best-in-class security without the cost and management overhead of software based full disk encryption (FDE).

"Wave Systems is pleased to be working with companies like Intel in demonstrating powerful and flexible solutions to protect against data theft in a far more secure fashion," said Steven Sprague, president and CEO of Wave Systems.  "By combining upcoming Intel® vPro™ Technology platforms with ERAS, we plan to deliver what companies have been looking for in a PC to enable maximum security coupled with optimal manageability, which all begins at the hardware-based level."

Wave demonstrations in the Pro Zone will also showcase Intel® Advanced Management Technology (AMT), which allows for out-of-band management and upcoming Intel® Anti-Theft Technology, which provides data protection working seamlessly together with the Wave EMBASSY suite of software.

"Taking advantage of upcoming capabilities of Intel vPro technology will enable Wave to deliver more secure hardware-based data protection solutions for large and small businesses alike," said Tom Quillin, director, Intel Client Ecosystem Enabling.

In addition to its presence in the Intel® Pro Zone, Wave Systems will also have its ERAS technology on display for customers seeking to learn more about full disk encryption and data at rest security based on hardware FDE solutions from multiple vendors in various client and server-managed environments.  These additional demonstrations will be held in a Wave meeting room on the third floor of Moscone Center West, August 19-21.  For demonstration and meeting appointments, contact Wave’s executive vice president Lark Allen at lallen@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.

Safe Harbor for Forward Looking Statements

Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control.  Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.

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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