Wave Executive Brian Berger to Present on Benefits of Trusted Computing at RSA Europe ‘09

Wave to Join Fellow Trusted Computing Group Members at the TCG Booth; Will Demonstrate Advanced Management for Trusted Platform Modules and Self-Encrypting Hard Drives

Lee, MA & London, UK— October 15, 2009 — Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that Executive Vice President Brian Berger will speak at RSA Europe ’09 Conference, October 20-22, at Hilton London Metropole Hotel. Berger’s session will explore the solutions and benefits of trusted computing for establishing end-to-end enterprise security.

Today, the benefits of trusted computing are widely available to IT professionals through the use of the Trusted Platform Module (TPM) hardware security chip, an embedded security token that ships on virtually every business-class laptop and most desktop PCs. Berger will discuss how the TPM can help protect business-critical data and systems by enabling strong user- and machine authentication, assisting with regulatory compliance and reducing IT security costs.

"Organizations face serious threats to their computing environments — from securing access to their corporate networks to protecting data at rest," commented Berger. "Enterprises that have deployed secure hardware can have an immediate return on investment for applications such as data protection, email encryption, machine and user authentication, and incorporating hardware-level security for the VPN and wireless network access. This is all possible by turning on and using Wave’s management solutions and the embedded hardware security that many organizations already have."

More information is available online at http://www.rsaconference.com/2009/europe/index.htm.

Trusted Computing Demonstrations:
Wave representatives will provide hands-on demonstrations of Wave’s EMBASSY® client and server software for managing industry standard hardware security at the TCG booth (Stand #2). Demonstrations will include a comprehensive solution for authentication (using the TPM) and data-at-rest (using self-encrypting hard drives or SEDs). SEDs differ from software-based full disk encryption in that encryption takes place in hardware, resulting in more robust security without slowing processing speeds. Because the drives are factory-installed, encryption is "always on"— so proprietary information is always protected.

For more information about Wave Systems activities at RSA Europe, or to schedule meetings, contact Michael Schultz at mike@messageinfusion.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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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and 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.  Wave assumes no duty to and does not undertake to update forward-looking statements.

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For more information please contact:

Wave Systems Corp.
Michael Wheeler