Wave to Present at America’s Growth Capital Information Security and Emerging Growth Conference on Monday, March 1 at 3:40 p.m. PT in San Francisco

Lee, MA — January 22, 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 America’s Growth Capital (AGC) 6th Annual Information Security and West Coast Emerging Growth Conference on Monday, March 1, at the Westin Hotel in San Francisco, CA. The presentation will begin at 3:40 p.m. PT. AGC’s information security conference kicks off the weeklong RSA Conference, also in San Francisco, where Wave will be exhibiting.

Live Audio Webcast & Replay: available at www.wave.com/about/investors/webcasts.asp or www.wsw.com/webcast/agc11/wavx/ where the live and archived webcast will be available for 30 days.

About America’s Growth Capital
America’s Growth Capital is a national, emerging growth focused investment bank founded by seasoned growth sector specialists with experience at leading boutique and bulge bracket investment banks. AGC offers dedicated investment banking with consistent, senior-level advice and attention; industry analysis centered on deep sector knowledge; capital markets distribution through extensive relationships across a full spectrum of investors; and innovative and thought-provoking industry events. Visit www.americasgc.com for more information.

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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:

Gerard T. Feeney, CFO
Wave Systems Corp.