Wave to Host Panels Addressing Security and Virtualization for Solid-State Drives at the 5th Annual Flash Memory Summit, Aug. 17-19

Lee, MA August 4, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that its Chief Scientist Robert Thibadeau, PhD, will host a pre-conference workshop on flash security on Monday, August 16, and a special open tutorial on flash and virtualization Thursday, August 19th, at the Flash Memory Summit at the Santa Clara Convention Center.

Now in its fifth year, the Flash Memory Summit focuses on developments in flash, a type of constantly powered nonvolatile memory that can be easily erased and rewritten. Flash, or solid-state, hard drives are a growing segment of the hard drive market, prized for their smaller size, durability and low power consumption. Last year, Samsung Electronics introduced the first solid-state, self-encrypting hard drive (SEDs) to the market, based on the Opal standard published by the Trusted Computing Group.

Dr. Thibadeau, a member of the Trusted Computing Group’s Storage Work Group and one of the authors of the Opal specification, will moderate the Pre-Conference Workshop on Flash Security, along with Cipher Solutions’ Vijay Ahuja.

According to Dr. Thibadeau, "Self-encrypting SSDs and flash drives, if properly managed, solve many problems in regulatory compliance without the complexities and performance degradation of managing software encryption. At the security workshop we will explore these new technologies and show some unexpected added benefits."

What: The workshop will feature presentations from: Michael Abraham, Applications Engineering Manager for Micron Technology, "NAND Flash Security"; Dmitry Obukhov, Firmware Security Manager, SandForce, presenting "Seven Myths about Storage Encryption"; Elliot Broadwin, VP Solns Mobile Network Operators, San Disk, "Trusted Flash—Applications and Architecture"; Jack Winters, CTO of Foremay, "Secure Erase Options."

When: Monday, August 16th, 8:30 a.m. — 12:00 p.m.

The Thursday session, also hosted by Dr. Thibadeau and sponsored by Wave, explores the emerging trend of system virtual machines, which allow the sharing of the underlying physical machine resources between different virtual machines, each running its own operating system. The software layer that provides the virtualization is called a hypervisor, which can run on bare hardware or on top of an operating system.

"Virtualization is one of the emerging trends in computing and SSDs are particularly well-suited for use in this way," said Dr. Thibadeau. "If you have virtual machines, they take significant time to startup, essentially resuming from the hibernate state. The startup time is dramatically reduced with an SSD. Combined with the advanced security of an SED, you have entirely secure virtual machines running on a single laptop, allowing complete isolation for business and play."

What: The workshop will include Michael Willett, Storage Security Strategist, Samsung, "The Shift to Self-Encrypting Solid-State Drives"; Edo Ganot, Director Product Marketing, "Flash as Content Delivery Platform"; Sandler Rubin, Director Product Management, Guardian Edge, "Challenges Managing Self-Encrypting NAND Flash Devices"; Ron LaPedis, Director Product Management and Marketing, SPYRUS, "Why Do Secure Flash Drives Keep Getting Hacked?"; Vijay Ahuja, President and Devesh Ahuja, Security Analyst, Cipher Solutions, "Future Trends in Flash Device Encryption"; Michael Wei, Graduate Student, UCSD, "Solid State Disk Secure Erasure"

When: Thursday, August 19th, from 3:15 to 4:30 p.m.

As Senior Vice President and Chief Scientist at Wave Systems, Dr. Thibadeau is a frequent speaker sharing expertise from his industry leadership—driving advancements in security, encryption and storage technologies. Prior to joining Wave, he was Chief Technologist at Seagate Technology, LLC, and was a founding director of the Robotics Institute at Carnegie Mellon University.

Wave Logo

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.

Safe Harbor for Forward Looking Statements

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.

All brands are the property of their respective owners.

For more information please contact:


Wave Systems Corp.
Michael Wheeler