Wave Customer Boston Medical Center to Speak on Benefits of Hardware Encryption at the Forrester Security Forum Sept. 16

Lee, MA August 23, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Boston Medical Center’s Network Security Engineer Mark Mulvaney will share his insights on the need for encryption in hospitals and discuss the fundamental differences between software- and hardware-based encryption. Mulvaney will present "Encryption: Hardware or Software? Lessons from the Field," from 3:00-3:30 p.m. as part of Forrester Security Forum, held Sept. 16-17 at the Westin Copley Place, Boston, Mass.

Boston Medical Center (BMC) is a 639-bed licensed academic medical center located in Boston’s historic South End. Primarily a teaching affiliate for the Boston University School of Medicine, BMC provides a full range of pediatric and adult care services, from primary to family medicine to advanced specialty care. It has the largest 24-hour Level 1 trauma center in New England.

With an increasingly mobile workforce using laptops, BMC took proactive steps to mitigate the possibility of data breach in the event a laptop was lost or stolen. Mulvaney, one of two individuals with primary responsibility for IT security at BMC, advocated replacing the hospital’s existing software encryption with self-encrypting hard drives.

Wave’s EMBASSY® management software provides policy-based access controls, pre-boot authentication and centralized administration for self-encrypting hard drives based on the Trusted Computing Group’s Opal specification. Should a loss or theft of a laptop occur, Wave’s management software enables IT to produce detailed event logs, thereby proving that information on the laptop was encrypted at the time of loss in order to show compliance to the data privacy regulations. See more details at wave.com.

Representatives of the company will demonstrate these capabilities at the Trusted Computing Group’s booth (#208).

This year the focus of the Security Forum is on: evaluating the maturity and effectiveness of the security organization; laying out a road map for architectural optimization and innovation; and ensuring the right skills, incentives and metrics are in place for the long-term success of the security program. The event attracts senior-level IT and information security executives, senior-level practitioners, IT infrastructure and operations professionals, among others.

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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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Michael Wheeler