Wave EMBASSY® Software Now Available on Intel® Desktop Boards Featuring iTPM

Lee, MA — November 3, 2008 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that an OEM version of its EMBASSY® Trust Suite (ETS) is now bundled with motherboards featuring Intel® vPro™ technology with an integrated Trusted Platform Module (iTPM). The Intel® Desktop Boards DQ45CB and DQ45EK are designed for PCs manufactured primarily by white box distributors, providing users with embedded hardware for improved data protection and strong, multi-factor authentication for network access.

Intel’s Integrated Trusted Platform Module (iTPM) acts as a tamper-resistant storage vault for user credentials. Working in tandem, the iTPM and EMBASSY® software protect digital certificates by securing the user’s private cryptographic keys within the chipset hardware. This functionality is designed to be used in place of external tokens or smart cards and can improve user access control, while reducing overhead expenses. Additional new features for the Intel Desktop DQ45CB and DQ45EK include advanced, pre-boot authentication and single-sign on.

"Wave is very pleased that ETS software is packaged with these desktop motherboards. The Q45 Express chipset has unprecedented security capabilities," said Brian D. Berger, Wave’s executive vice president of marketing and sales. "By managing the iTPM, organizations with these desktop platforms can institute a hardware-based ‘trust’ model for access control and data-at-rest. For enterprises using platforms with Intel vPro technology, Wave provides a simple-to-deploy solution for improving and reducing the expense of client management of their wireless and VPN security that is scalable, regardless of the number of users managed."

"Now that Intel® Desktop Boards featuring iTPM have begun shipping, enterprises can take advantage of advanced hardware to strengthen security for protecting the client information and access to it," said Clem Russo, Intel’s vice president and general manager of Channel Desktop Platforms Group. "Wave’s ETS software has been included on these platforms to provide customers an option for easily unlocking the security benefits of the TPM."

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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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David Collins, Ratula Roy