Wave to Present at MDB Capital’s Bright Lights and TechAmerica’s Growth Cap Financial Conferences in San Francisco on May 12 & 13

Lee, MA May 6, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) a leading provider of management software for hardware-based security, announced today that Steven K. Sprague, President and CEO, and Gerard T. Feeney, Chief Financial Officer, will present at MDB Capital’s Bright Lights Conference and TechAmerica’s Growth Cap Financial Conference, both being held at the Palace Hotel in San Francisco.

The Bright Lights event showcases public companies ranked in the 90th percentile for technology leadership and innovation, as rated by MDB’s proprietary database from over 1,600 small cap companies. Wave’s presentation will take place on Wednesday, May 12, at 1:30 p.m. in the Concert Ballroom.

On Thursday, May 13, Wave will be featured in TechAmerica’s Growth Cap Financial Conference within the high-growth public company track for companies with a market cap under $500 million. Presentations begin at 8:30 a.m. and last throughout the day.

Details are available at www.mdb.com and www.techamerica.org/growth-cap-2010

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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.