Wave to Present at Needham & Company’s 12th Annual Growth Stock Conference on Thursday, Jan. 14th at 11:20 a.m. ET

Lee, MA January 7, 2010 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Steven K. Sprague, President and CEO, and Gerard T. Feeney, Chief Financial Officer, will present at the 12th Annual Needham Growth Stock Conference at 11:20 a.m. Eastern on Thursday, January 14, 2010. The conference is being held at the Palace Hotel in New York City, and Wave’s presentation will be webcast.

Live Audio Webcast & Replay:
Please visit http://www.wsw.com/webcast/needham35/wavx/ or the company’s website www.wave.com/about/investors/webcasts.asp where the live and archived webcast will be available for thirty days.

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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.

For more information please contact:

Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
413-243-1600
info@wave.com