Wave to Demonstrate Uses of Intel® Core™ vPro™ Processors for Secure Authentication from the PC to the Cloud at Intel Developer Forum 2010

Lee, MA September 13, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that it will show a wide range of security capabilities in development that include device-based authentication to secure the client PC, secure remote access to the corporate domain, and strong, hardware-based federated access to both corporate and public cloud services. The series of demonstrations will take place at the Intel Developer Forum (IDF) 2010 (booth # 679) at Moscone Center West, San Francisco, Sept. 13-14.

Notebook and desktop PCs with Intel® Core™ vPro™ processors enable IT to take advantage of hardware-assisted security and manageability capabilities that enhance their ability to maintain, connect and protect business PCs. Wave’s client and server software utilizes this native hardware security so that any IT department can meet its strong authentication needs throughout the enterprise. This includes establishing more secure, managed access to the client PC, establishing hardware-based strong authentication to the domain, and ensuring that only hardware-authenticated users are allowed access to corporate cloud services. The ability to strongly identify both the user and/or the device based on tamper-resistant hardware authentication is essential to combating the risks associated with putting more and more information in cyber space.

"Intel Core vPro processors offer intelligent security and management technologies," said Lisa Watts, director of Ecosystems Enabling, Intel Corporation. "These native features give IT a powerful set of tools to address looming cyber security threats, and to adapt to a changing computing environment marked by the migration of services and applications to the Cloud, and an increasingly mobile workforce."

Demos in Focus: Out of Band Management; Secure Remote Access; Strong User ID for Web Single Sign-On

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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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Wave Systems Corp.
Michael Wheeler