Wave Executive Brian Berger to Share Insights on Secure Cloud Computing in Wednesday Keynotes at Cloud Connect

Lee, MA, & Santa Clara, CA (Cloud Connect)March 15, 2010 Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) today announced that Executive Vice President Brian Berger will speak on the topic of hardware security as a foundation for safer cloud computing, during the Wednesday morning keynote sessions at Cloud Connect, March 17.

Cloud Connect, produced by TechWeb, takes place March 15-18, 2010, at the Santa Clara Convention Center in Silicon Valley. Bringing together all of cloud computing’s stakeholders—including IT leaders, industry executives and developers—Cloud Connect promises to be the industry’s definitive event focused on the on-demand platforms and breakthrough technologies that are revolutionizing IT. Cloud Connect begins with the Cloud Business Summit on Monday, March 15 and continues as a comprehensive conference and exposition featuring a powerful lineup of keynotes and sessions, as well as both IT and developer workshops.

"Security is one of the primary concerns of enterprises contemplating usage of the cloud," said David Berlind, Chief Content Officer for UBM TechWeb and editor-in-chief, TechWeb.com. "With so many corporate PCs containing Trusted Platform Module (TPM) security chips, we’ve asked Mr. Berger to educate Cloud Connect attendees on how those TPMs could potentially ease those concerns by making cloud access more secure."

The Wednesday morning keynotes and general sessions will take place on the main stage from 10:00am to 11:35 on March 17. Five industry visionaries will discuss the growth and future of cloud computing. The morning keynote speakers include:

About Cloud Connect
Cloud Connect, produced by UBM TechWeb, is the defining event of the cloud computing industry. As both a conference and an exhibition, Cloud Connect’s goal is to chart the course of cloud computing’s development by bringing together enterprise IT professionals, developers, infrastructure providers and cloud computing innovators. UBM TechWeb has produced cloud events that define and frame cloud computing discussions since June 2008, including Cloud Summit Executive and Enterprise Cloud Summit at Interop. Cloud Connect is a new one-of-a-kind event that encompasses the entire cloud computing ecosystem featuring Cloud Business Summit, a Launch Pad program, IT & Developer workshops and a full conference program. Cloud Connect will take place March 15-18, 2010 at the Santa Clara Convention Center in Silicon Valley, CA. For more information visit: www.cloudconnectevent.com.

About UBM TechWeb
UBM TechWeb, the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its three core businesses — media solutions, marketing services and paid content — UBM TechWeb produces the most respected and consumed brands and media applications in the technology market. More than 14 million business and technology professionals (CIOs and IT managers, Web & Digital professionals, Software Developers, Government decision makers, and Telecom providers) actively engage in UBM TechWeb’s communities and information resources monthly. UBM TechWeb brands include: global face-to-face events such as Interop, Web 2.0, Black Hat and VoiceCon; award-winning online resources such as InformationWeek, Light Reading, and Network Computing; and market-leading InformationWeek, Wall Street & Technology, and Advanced Trading magazines. UBM TechWeb is a UBM company, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

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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:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wave.com